Kayne Anderson Said To Be On the Market, Close to Sale.KAYNE Anderson Rudnick Investment Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the mutual fund money management shop co-founded by local business titan John Anderson John Anderson may be: Science:
The Century City-based finance house has had several great years on Wall Street, though the last one hasn't been as sweet. Assets have swelled to $7 billion at latest count (end of third quarter), up from less than $100 million at the start of the 1990s and $1.64 billion in 1995. The most interested suitor SUITOR. One who is a party to a suit or action in court. One who is a party to an action. In its ancient sense, suitor meant one Who was bound to attend the county court, also, one who formed part of the secta. (q.v.) is said to be Phoenix Investment Partners Ltd., a unit of Phoenix Cos. Inc., a large insurer based in Hartford, Conn. Ralph Walter, Kayne Anderson's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , chose not to use the words "for sale," in describing his firm's prospects. "I would say that Kayne Andersen is not up for sale, but that we have had, and will continue to have discussions (with potential buyers)... and that we have retained Putnam Lovell." Putnam Lovell, part of Putnam Lovell Securities Inc., is a Rolling Hills Rolling hills are like a mountain chain, only a "hill chain" of hills that roll on and on continually. You will often find them in between plains and mountains, near major rivers, or randomly anywhere. The only places without rolling hills are deserts and flood plains. Estates-based investment bank and advisory firm that specializes in mutual fund company mergers and acquisitions. Additionally, Walter confirmed that Kayne Anderson has had continuing discussions with Phoenix Investment Partners Ltd. In addition to the mutual fund business, there is Kayne Anderson Capital Advisors LLC, a hedge and arbitrage shop, which operates under the same roof. Walter said that while the two outfits share space, they are separate businesses, and the "non-traditional" hedge shop probably would not be part of any possible sale. Contributing columnist Benjamin Mark Cole Mark Cole is a multi-instrumentalist blues and roots musician based in Gloucester, UK Music Mark primarily writes and performs blues music but also writes and performs music influenced by other American roots music genres such as americana, cajun, zydeco, bluegrass and writes about the local investment community for the Los Angeles Business Journal. |
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