Cohen & Steers' Takes Full Stake in Brussels Partner

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NEW YORK CITY-If there’s a trend emerging from the market this week it seems to be the purchase of foreign affiliates by New York City-based global players. First, Cushman & Wakefield took full control of its Mexican affiliate, and now Cohen & Steers Inc. has snapped up the 50% of Houlihan Rovers SA it did not already own.

Houlihan Rovers is a Brussels-based securities asset manager in which C&S already had a 50% stake. As of June 30, 2006, the firm had $2.9 billion in assets under management, of which $2.1 billion was through its Cohen & Steers affiliation.