Crane Data Subscribers
Deutsche "Lift-Out" from Amvescap Doesn't Involve Money Funds. Yesterday, news hit that Deutsche Bank would be hiring away a number of bond and stable-value managers from Amvescap's Invesco. We hear from Amvescap subsidiary AIM Investments spokesman Ivy McLemore that money market mutual fund managers are not involved in any of the defections. AIM's $45 billion U.S. money market fund operations make it the 14th largest advisor, while the Deutsche DWS unit ranks 17th with $41.2 billion (assets tracked by Crane Data).
