05/27/2021
US insurers have lowest ESG credentials: report
Overall, there is a lot more insurers can do.
Alternative Investments
05/25/2021
RMB Capital Proposes Share Buyback at Ohashi’s Annual General Shareholders Meeting
RMB believes management should not sit on the excess cash, as they are running operations on the capital provided by shareholders.
05/25/2021
State Street’s role as manager of Hong Kong’s largest ETF under scrutiny
US manager’s future could rest on whether Biden decides to maintain a blacklist on investing in certain Chinese companies
05/24/2021
Truist Insurance Holdings furthers growth through acquisition of Constellation Affiliated Partners from RedBird Capital Partners
"Expanding our insurance business remains a key priority for Truist as we continually look for ways to enhance our offerings and introduce new clients to Truist," said Kelly S. King, Chairman and CEO of Truist Financial Corporation.
05/21/2021
WeWork reports $2bn loss ahead of stock market debut
Office-sharing startup WeWork has posted a $2.06bn (£1.45bn) quarterly loss after being hit hard by Covid-19.
05/21/2021
Ex-Merrill Lynch Duo Taps LPL As Custodian For Newly Launched RIA
The advisors were attracted to LPL for its robust platform.
05/20/2021
Arthur J. Gallagher & Co. Acquires Garner & Glover Company
"Garner & Glover brings to Gallagher a strong and talented leadership, service and production team in an attractive and growing region of the U.S.,"
05/20/2021
AllianceBernstein Closes Second Transaction for CLO Management Business
The firm's middle market direct lending platform, AB Private Credit Investors, has issued 12 CLO transactions since 2016 totaling $4.3 billion.
05/19/2021
AllianceBernstein's Lifetime Income Strategy tops $5 billion in assets, more than doubling total assets in the past year
It is a time-tested, in-plan, guaranteed income solution backed by multiple insurers, including Nationwide Financial, Prudential Retirement, Lincoln Financial Group and Equitable, with more insurers actively being added.
05/19/2021
How BlackRock Strikes Out On the Issue of Climate Change
Moreover, he realized that it was highly unlikely that creating ESG funds was going to have any real-world impact on reducing carbon emissions.
05/18/2021
Consortium Injects Growth Capital into CAZ Investments to Expand its Platform and Give Independent Advisors New Access to its Alternative Investments Pipeline
New strategic investment will allow CAZ Investments to meet surging demand from Registered Investment Advisers (RIAs) and multifamily offices for access to performance-based, fiduciary-friendly alternative investments
05/18/2021
TD Capital Trust IV Announces Redemption of TD Capital Trust IV Notes - Series 3
This press release includes certain forward-looking statements.
05/18/2021
2021 Q1 Hedge Fund Report – Mapping a resurgent industry
These are the insights from Citco’s Hedge Fund report for Q1 2021
05/17/2021
College for Financial Planning Introduces New Sports and Entertainment Designation for Wealth Advisors
Accredited Program Designed to Help Advisors Serve the Needs of Clients in the Sports and Entertainment Industries; Exclusively Available to Merrill Advisors for One Year
05/17/2021
Fidelity to Hire 4,000 for New Roles, Bucking Industry’s Firings Fidelity to Hire 4,000 for New Roles, Bucking Industry’s Firings
Fidelity’s annual revenue of $25.2 billion was 5% higher than in 2021, despite net flows that were more than fifth lower than they were the prior year, according to the report.
05/14/2021
Global equity capital markets: regional perspectives and outlook for 2021
There was an increased number of US and Chinese companies seeking listings, and IPO activity was dominated by the technology, e-commerce and healthcare industries.
05/12/2021
Texas Teachers invests in UK, US industrial assets via co-investments
The pension fund has hired Antin Infrastructure Partners for the first time with an €80m commitment into the Antin Infrastructure Partners Mid Cap 1 fund.
05/12/2021
Franklin Resources, Inc. Announces Month-End Assets Under Management
This month’s increase in AUM primarily reflected the positive impact of markets and approximately flat long-term net flows
05/12/2021
Arthur J. Gallagher & Co. Announces Agreement To Acquire Certain Willis Towers Watson plc Reinsurance, Specialty And Retail Brokerage Operations
The reinsurance brokerage operations, which include both treaty and facultative reinsurance, generated approximately $750 million of estimated pro forma revenue
05/11/2021
JR Dallas Wealth Management Partners with Retirement Specialty Group for strategic investment growth
TN. based, Retirement Specialty Group, a Registered Investment Advisory firm with $40 Million in assets under management, joins JR Dallas Wealth Management.