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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]
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri.It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold.
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In November 2012, Ivy Asset Management reached a $210 million settlement with US authorities for its involvement with Madoff. [10] [11] [12] In September 2017, BNY Mellon IM sold its real assets unit, CenterSquare Investment Management (previously Urdang Capital Management) to Lovell Minnick Partners. [13]