Transactions
Theme
Advised Nationwide Financial on the acquisition of 17 equity and bond mutual funds with a combined AUM of approximately $3.6 billion from HighMark Capital Management, Inc. The deal will enable Nationwide to offer a wider array of investment offerings to financial advisors and their clients. It will also refine HighMark’s strategy and allow the company to focus on growing its core business of providing asset management services to institutional and high net worth clients. HighMark will become the subadvisor for the successors to the nine funds that it currently manages, and Nationwide will retain the existing subadvisory agreements on the other eight funds. HighMark is a wholly-owned subsidiary of Union Bank, N.A.