Company expands in
“Entering the Brazilian mutual fund and asset management market has long been a strategic priority for The Principal® and we are pleased to partner with the talented team at Claritas,” said
“The strategic partnership with The Principal provides additional resources to the company while preserving our management philosophy and investment culture,” said Carlos Ambrósio, managing partner and head of structured products at
This is the second business partnership for The Principal in
This announcement is part of The Principal’s overall plan to deploy
Lazard Frères & Co., LLC, advised The Principal on the transaction.
For more news and insights from The Principal, connect with us on Twitter at: http://twitter.com/ThePrincipal.
Forward looking and cautionary statements
This press release contains forward-looking statements, including, without limitation, statements as to operating earnings, net income available to common stockholders, net cash flows, realized and unrealized losses, capital and liquidity positions, sales and earnings trends, and management's beliefs, expectations, goals and opinions. The company does not undertake to update or revise these statements, which are based on a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Future events and their effects on the company may not be those anticipated, and actual results may differ materially from the results anticipated in these forward-looking statements. The risks, uncertainties and factors that could cause or contribute to such material differences are discussed in the company's annual report on Form 10-K for the year ended
1 As of
2 As of
3 Based on assets under management, Fenaprevi (
4 “The Principal Financial Group” and “The Principal” are registered service marks of
5 As of
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|Source:||Business Wire, Inc.|