Continuing its efforts to grow as an asset manager, IBJ Whitehall Financial Group has bought a 50% equity stake in a fixed-income money manager.

The deal with Atlantic Asset Management Partners LLC, which closed July 29, is New York-based IBJ Whitehall's third asset management acquisition since spring 1998 and doubles its assets under management, to roughly $8 billion. Terms were not disclosed.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.