Macquarie Investment Management (Previously Delaware Investments) is a US-based asset management firm providing mutual funds and Institutional investments that is a wholly owned subsidiary of Macquarie Group, an Australian investment bank.[2]
| Formerly | Delaware Investments |
|---|---|
| Company type | Subsidiary |
| Industry | Financial services |
| Founded | 1929 |
| Founder | Admiral W. Linton Nelson [1] |
| Headquarters | , |
Key people |
|
| Products |
|
Number of employees | ~ 500 (2021) |
| Parent | Macquarie Asset Management |
| Website | www |
In April 2017, Delaware Investments was rebranded as Macquarie Investment Management, effectively ending the original entity.[3] The US funds continue to be managed under the "Delaware Funds by Macquarie" brand.
In 2020, Macquarie Investment Management began acquisition of Overland Park, Kansas based asset manager Waddell and Reed (Ivy Funds).[4]
History
editDelaware Investments commenced business in 1929 and introduced its first mutual fund in 1938.
In 1972 it introduced institutional separate account management and in 1974 it established its Taft-Hartley business. In 1990 it established its International/Global capabilities. In 2000, Delaware Investments enhanced its fixed income capabilities and in 2007 it launched Delaware Investments Global Funds plc.[5]
Macquarie Group acquired Delaware Investments, previously a division of Lincoln Financial, in 2010 for a reported $452 million cash deal.[6] In 2017, the company became Macquarie Investment Management, a business unit of the Macquarie Group.[7]
References
edit- ^ "Nelsonfoundationpa.org". Archived from the original on 2011-05-23. Retrieved 2010-02-11.
- ^ "Delaware Investments". Archived from the original on 2014-01-11. Retrieved 2014-01-11.
- ^ "Macquarie Group's Delaware Investments Rebrands as Macquarie Investment Management". Macquarie. April 3, 2017. Retrieved June 15, 2017.
- ^ "Australia's Macquarie to buy Waddell & Reed Financial for $1.7 billion". CNBC. December 2, 2020. Retrieved January 20, 2021.
- ^ "Delaware Investments History". Archived from the original on 2010-07-06.
- ^ "Lincoln Financial completes sale of Delaware Management to Aussie outfit". Investment News. 8 February 2010. Retrieved 12 February 2024.
- ^ "Delaware Investments rebrands as Macquarie Investment Management". www.spglobal.com. Retrieved 2024-02-12.
External links
edit- Hoover's Profile of Delaware Investments, hoovers.com
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