Advent International Not Acquiring Fisher Investments: Reports

Summary

  • The Wall Street Journal initially stated Advent was weighing a deal for Fisher Investments
  • Fisher Investments denied any plans of being bought by Advent or any entity
  • Fisher Investment, set-up by magnate Ken Fisher, manages wealth for individuals and institutions
  • As of end-December, over $236 billion of assets were under Fisher Investment’s supervision

News Details

Reports originating from The Wall Street Journal suggested that a deal regarding Fisher Investments was under evaluation by Advent. However, Fisher Investments refuted this claim in a press release confirming, “Advent International, nor any other party has any intention of purchasing Fisher Investments.”

About Fisher Investments

This financial power-house, Fisher Investments, was established by business tycoon Ken Fisher. The organization is devoted to managing funds for personal and institutional investors. As per data from its official portal, Fisher Investments had over $236 billion assets in its care as of Dec. 31.

This incident might influence changes in the forex trading landscape, notably assets associated directly with Fisher Investments.

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