Old Mutual has even had preliminary discussions with the South African regulatory authorities about the sale.
What Old Mutual and Sanlam plan to do with the proceeds is still not clear.
Shares of Old Mutual shot up by 4.3% to 126.3 pence while HSBC ticked up by 0.9% to 639.7 pence.
Profits they may or may not have realized in the old mutual funds.
All I know is that the old mutual consent line isn't applicable here.
Ed Warner of Old Mutual Financial Services says that investors cannot really expect to be left with very much.
On August 21st, Old Mutual announced that it intends to dissolve itself as a mutual and to seek a stockmarket listing in Johannesburg.
Old Mutual and Sanlam are the leading shareholders in two of the biggest banking groups, Nedcor and Amalgamated Banks of South Africa respectively.
ECONOMIST: Demutualisation: All change in South Africa | The
In her model portfolio she shows overweight allocations to names like Old Mutual Large Cap (OLCVX), PowerShares Dynamic Large Cap Value and Weitz Value (WVALX).
The 10 country Association of Southeast Asian Nations, is progressively converting the four decade old mutual defense organization, into a free trade bloc by 2015.
Old Mutual is thought to want to expand its foreign operations.
These are investment accounts that look suspiciously similar to plain old mutual funds but, dressed up as a form of life insurance, get certain tax benefits.
And a much smaller firm, First Pacific Advisors of Los Angeles, has filed to spin itself off to management from its current owner, Old Mutual Holdings .
She trained as an accountant and worked in the 1980s for the Zimbabwe Broadcasting Corporation (ZBC), the Old Mutual investment group and Intermarket Insurance (now ZB Insurance).
Old Mutual, which has around 4m policyholders, says that half its new policies since 1995 have been issued to black customers, almost none of whom has ever owned shares.
But instead, as I first reported at Clusterstock, a bulk of that loan was used to buy distressed insurance assets for a steal of a price from Old Mutual.
So in the past few years, Anglo American (mining), Billiton (mining), Old Mutual (insurance), South African Breweries and Dimension Data (a hugely successful information-technology company) have all sought primary listings elsewhere.
Tendai Musikavanhu, president of Old Mutual Global Index Trackers, part of the Old Mutual investment and insurance banking family, says there are too many variables at play to know for sure.
Additionally, in the near-term, a report released earlier this week by Kotak Mahindra Old Mutual Life Insurance says Indian stocks will rise another 15% to a record high by March 2011.
In her model portfolio she shows overweight allocations to names like Old Mutual Large Cap (OLCVX), PowerShares Dynamic Large Cap Value (amex: PWV - news - people ) and Weitz Value (WVALX).
In the 1980s I became successful by helping clients replace their old reliable mutual whole life policies with the new and improved universals.
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In Vanguard's case the ETF is attached to an old-fashioned mutual fund with the same portfolio.
To state the obvious, this is not a new partnership, but an old friendship rooted in mutual respect, and a history of shared sacrifice.
Steven Wallman aims to do to the mutual fund industry what Charles Schwab did to the old fixed commission structure--rip it up.
Just over a year ago the former Nokia staffer bumped into a mutual friend from Finland, 32-year-old brand designer Joona Kallio.
That security is why people on a fixed income rather put their savings in US government bonds and get 3%, instead of putting half their life savings into a bond like the 10 month old, higher yielding, Oppenheimer Emerging Markets (OEMAX) mutual fund.
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In September, Mike Staggs and his wife, Nancylee, both 59 years old, put about 15% of their retirement savings into Northwestern Mutual Life Insurance Co.
The old exchanges with the brightest futures may be those which abandon their mutual structure of ownership and become private companies, as the Milan and Sydney exchanges have done.
The AWC alleges that sometime in January 2007, following the introduction by their mutual accountant, Tarazon and a 75-year-old woman developed a friendship and she became a customer of his.
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