| 22.07.2009 - Merrill may sell management of Asian property fund |
| From Reuters: Bank of America's Merrill Lynch is in talks with several firms including Blackstone and Apollo Investment Management to sell management rights of its $2.65 billion Asian Real Estate Opportunity Fund, a source with knowledge of the deal told Reuters. The value of the deal would in the range of a few hundred million dollars as Merrill would try to command a multiple on the annual fee it earns from the fund, the source said.........Full Article: Source |