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Advised New York City-based Reich & Tang Asset Management, LLC on the acquisition of five money market funds with a combined AUM of over $4.0 billion from HighMark Capital Management, Inc.  The acquisition will provide HighMark Fund shareholders with immediate cost benefits and integration into a highly stable, diversified client base as well as access to one of the industry’s longest-tenured and time tested mutual fund advisors.  The acquisition is consistent with Reich & Tang’s strategic growth plans, adding to the company’s already diversified money market mutual fund offerings.  Reich & Tang is a subsidiary of Natixis Global Asset Management, S.A., while HighMark is wholly-owned by Union Bank, N.A.

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Reich & Tang Acquires Money Market Funds from HighMark 2013-04-03 ›
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