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Article: IXIS Asset Management US Group Acquires Majority Interest in Hansberger Group.
- Article from:
- Business Wire
- Article date:
- November 21, 2006
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BOSTON -- IXIS Asset Management US Group announced today that it has acquired a majority interest in Hansberger Group, Inc., the parent company of Hansberger Global Investors (HGI). The firm has held a minority interest in HGI since 2003. With $9 billion in assets under management, HGI manages the Hansberger International Fund, part of the IXIS Advisor Funds line-up. It also manages global separate account strategies on behalf of IXIS Asset Management Advisors Group, the firm's U.S. distribution arm.
"Hansberger's competitive track record, expertise and investment style provide us with the opportunity to strengthen our line-up of international product offerings ...