Deals & People October 2, 2008

NIVM Adds TPA to Stable

National Investment Managers (NIVM)., a retirement plan administration and investment management company, closed on the acquisition of Pension Technical Services, a third-party administrator (TPA).
Reported by

A news release from the Dublin, Ohio-based NIVM, said Pension Technical Services (that does business as Reptech Corp), serves more than 540 small and mid-size Southwest companies. Reptech, based in Denver, provides retirement plan design, administration, and consulting services.

According to the announcement, the acquisition was valued at approximately $3.5 million and will add approximately $600 million to NIVM’s assets under administration, which currently exceed $11 billion.

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With the addition of Reptech, NIVM now has operations in 15 states.

“We are very deliberate in the selection of platform businesses to anchor our entry into targeted markets, and Reptech brings all of the attributes essential for success: strong management, outstanding service, extraordinary expertise and a track record of growth and profitability,” said Steven Ross, CEO of National Investment Managers, in the news release.

The Markets October 2, 2008

World Equity Markets Head South

September 2008 was not a happy time in the world of emerging market equities.
Reported by

A research note from Howard Silverblatt, senior Standard & Poor’s index analyst, indicated, in fact, that September was the worst month for emerging markets since August 1998.

For September, emerging markets lost 18.76% while developed markets fell 14.8%. The U.S. continued to perform better than other markets with a 9.29% loss over the month.

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Meanwhile, during the quarter, emerging markets fell 27.98% and developed markets gave back 21.62%. The U.S. was down 8.85%, while Russia was off 45.52%.

In general, all 52 world equity markets were down for the month, resulting in a $4.1-trillion loss in equity during September, a $5.8-trillion loss for the 3rd quarter, and a $10.5 trillion year-to-date loss.

The S&P report said year-to-date, all 26 developed markets lost ground, while 25 of the 26 emerging markets fell. Jordan is the only country up for the year, returning 0.96%.

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