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Investment Management & Fund Operators

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Ernst Russ sells for WestFonds office property in Aachen

7:48am BST

Oct 18 (Reuters) - ERNST RUSS AG ::PURCHASE PRICE IS IN THE LOWER DOUBLE-DIGIT MILLION RANGE.SELLS FOR WESTFONDS OFFICE PROPERTY IN AACHEN.

Rathbone brothers funds under management up 2.5 pct in Q3

7:08am BST

LONDON, Oct 18 (Reuters) - Rathbone Brothers Plc :‍‍Rathbone Brothers plc total funds under management were £37.5 billion at 30 September 2017; up 2.5 pct from £36.6 billion at 30 June​.‍Total net growth of funds under management in investment management was £0.3 billion, representing a total net annualised growth rate of 3.5 percent (2016: 5.0 percent)​.‍Net operating income of £62.5 million in investment management for three months ended 30 september 2017 was 5.6 percent higher than £59.2 million for comparable period in 2016​.‍Funds under management in unit trusts at 30 september 2017 were £5.0 billion, up 8.7 percent from £4.6 billion at 30 june 2017.​.‍Net inflows for quarter were a record £342 million compared to £170 million a year ago.​.‍"in a quarter where investment markets remained relatively benign, our total funds under management grew 2.5 percent to £37.5 billion in three months to 30 September 2017," said Philip Howell, Chief Executive of Rathbone Brothers​."‍We are well positioned for future and will continue to pursue growth opportunities both organically and through acquisition, approaching each with discipline," said Howell​.

IP Group says Touchstone Innovations offer now unconditional

7:00am BST

Oct 18 (Reuters) - IP Group Plc ::IP GROUP PLC - ‍ACCEPTANCES IN EXCESS OF 96%; ACCEPTANCE CONDITION SATISFIED IN TOUCHSTONE INNOVATIONS DEAL​.IP GROUP PLC - OFFER NOW UNCONDITIONAL IN ALL RESPECTS​ IN TOUCHSTONE INNOVATIONS DEAL.

IOOF announces completion of A$461 mln placement​

Tuesday, 17 Oct 2017

Oct 18 (Reuters) - IOOF Holdings Ltd :announces successful completion of A$461 million institutional share placement​.‍completed placement of approximately 43.5 million ordinary shares at an issue price of A$10.60 per share, to raise A$461 million.​.

Pzena Investment Management reports Q3 earnings $0.17/shr

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Pzena Investment Management Inc :Pzena Investment Management, Inc. Reports results for the third quarter of 2017.Q3 GAAP earnings per share $0.17.Q3 revenue rose 34 percent to $36.2 million.Pzena Investment Management Inc - ‍average assets under management for Q3 of 2017 were $34.4 billion, increasing 5.2% from $32.7 billion for Q2 of 2017​.

Northern Trust names Michael G. O'Grady CEO effective January 1, 2018

Tuesday, 17 Oct 2017

Oct 18 (Reuters) - Northern Trust Corp :Northern Trust names Michael G. O'Grady chief executive officer, effective January 1, 2018.Northern Trust Corp - Frederick Waddell, chairman and chief executive officer, will be stepping down from his role as CEO on January 1, 2018​.Northern Trust Corp - ‍Waddell, who has served as chief executive officer since January 2008, will remain as chairman of board.

Sprott announces resignation of director

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Sprott Inc ::Sprott announces resignation of director.Says at request of board of directors and Sprott management, Marc Faber has resigned as a director of company effective immediately​.

UCA AG sells all shares in Deutsche Technologie Beteiligungen to Elbstein AG

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - UCA AG ::SIGNED AGREEMENT WITH ELBSTEIN AG, BY WHICH ELBSTEIN BUYS ALL SHARES IN DEUTSCHE TECHNOLOGIE BETEILIGUNGEN AG <<>> HELD BY UCA.SOLD 60.88% OF OUTSTANDING SHARES OF DEUTSCHE TECHNOLOGIE BETEILIGUNGEN AG.SILENCE HAS BEEN AGREED ON THE PURCHASE PRICE​.

UCA AG sells all shares in Deutsche Technologie Beteiligungen to Elbstein AG

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - UCA AG ::SIGNED AGREEMENT WITH ELBSTEIN AG, BY WHICH ELBSTEIN BUYS ALL SHARES IN DEUTSCHE TECHNOLOGIE BETEILIGUNGEN AG <<>> HELD BY UCA.SOLD 60.88% OF OUTSTANDING SHARES OF DEUTSCHE TECHNOLOGIE BETEILIGUNGEN AG.SILENCE HAS BEEN AGREED ON THE PURCHASE PRICE​.

Terraform Power sees FY 2017 pro-forma revenue $575 mln to $595 mln - presentation slides

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Brookfield Asset Management Inc : :Terraform Power ‍​sees FY 2017 pro-forma revenue $575 million to $595 million - presentation slides.Terraform Power Inc - sees ‍2017 pro-forma cash available for distribution (CAFD) $105-125 million​.Terraform Power Inc - sees ‍2017 pro-forma net loss $185-205 million​.Terraform Power Inc - sees 2017 pro-forma ‍adj. EBITDA $430 - $450 million ​.

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