In addition to the pension risk transfer stake, Japanese insurer Meiji Yasuda will acquire all of L&G’s U.S. protection business in a total $2.3 billion deal.

Meiji Yasuda also plans to take a 20% interest in L&G's US PRT business and acquire 5% of L&G's shares from the market.

It involves buying and selling assets, developing short- and long-term investment strategies ... In general, investment managers who have at least $25 million in assets under management (AUM ...