Administration January 2, 2002
Banks Acquires Remainder of LA Bond Firm
February 1, 2002 (PLANSPONSOR.com) - First Republic
Bank will acquire the remaining stake in a Los Angeles
convertible bond house and pension fund manager that it
doesn't already hold.
Reported by Fred Schneyer
The 82% of Froley, Revy Investment Company, Inc., involved in the latest deal, supplements the 18% First Republic Bank acquired in January 2000.
Froley manages more than $2 billion in assets for public
and corporate pension funds, insurance companies,
endowments and foundations, high net worth individuals and
broker/dealer managed account programs.