Franklin Templeton

Money Moves

Consolidating through mega-acquisitions including Legg Mason and Putnam

MetLife just closed a $734.7 billion bet on survival. On December 30, 2025, the insurance giant completed its acquisition of PineBridge Investments from Hong Kong billionaire Richard Li's Pacific Century Group, catapulting MetLife Investment Management into the top tier of global asset managers. The deal grabbed one-third of its assets from Asia and over half from non-U.S. investors—a geographic expansion play wrapped in an existential necessity.

Updated Dec 31, 2025