Abacus Global Management (NYSE:ABX) made a $53 million strategic investment in Manning & Napier, CEO Jay Jackson said in a Proactive interview. The deal is presented as a move to strengthen ABX's long-term growth strategy and should serve as a modest positive catalyst for the company's growth profile, but is unlikely to have broad market impact.
Abacus Global Management (NYSE:ABX) made a $53 million strategic investment in Manning & Napier, CEO Jay Jackson said in a Proactive interview. The deal is presented as a move to strengthen ABX's long-term growth strategy and should serve as a modest positive catalyst for the company's growth profile, but is unlikely to have broad market impact.
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mildly positive
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