03/19/2018
Stifel Completes Acquisition of Ziegler Wealth Management
Ziegler Wealth Management has 55 private client advisors in five states that manage approximately $5 billion in client assets.
Alternative Investments
03/14/2018
Commcise continues US expansion with CommciseBUY
According to Commcise, its fair allocation engine helps asset managers provide research budgets at a fund level whilst ensuring at all times that funding and research consumptions budgets are kept in sync.
03/14/2018
Willis Towers Watson’s OCIO Business Surpasses $100 Billion Under Management
Outsourced-CIO assets are growing “rapidly” thanks to rising investor demand for OCIO services.
03/14/2018
China sovereign wealth fund CIC sells stake in Blackstone after 11-year investment
The sale, for which terms were not disclosed, comes amid rising trade tensions between the US and China
03/14/2018
Ant Financial Buys 45 Percent Stake In Telenor Microfinance Bank
Telenor Microfinance Bank offers a mobile financial services platform that has launched the largest branchless banking service in the country. It also provides microfinance and financial services to the unbanked and less privileged segments of Pakistani s
03/14/2018
Elliott Management looks to target life insurance with US acquisition
The US activist hedge fund is likely to use the acquisition as a springboard for other deals
03/13/2018
Acentria expands Florida footprint
“Acentria has been recognized nationally as a top insurance organization, and now our clients are able to benefit from expanded services – including a better variety of products, advanced technology and a full array of risk management services
03/13/2018
The Bears Invade the Bond Market
The rise in energy prices has been exacerbated by the impact of hedge funds who have taken long positions in energy contracts.
03/13/2018
BCG Pension Risk Consultants Acquires Penbridge Advisors
As a division of BCG, Penbridge has been renamed BCG Penbridge and will continue to offer proprietary data, business intelligence and advisory services to defined benefit plan sponsors, helping them to meet their plan sponsor and plan fiduciary objectives
03/12/2018
Cowen Prime Services Wins Hedgeweek Global Award 2018
Named “Best Global Prime Broker” for the Third Consecutive Year
03/09/2018
Spiegelman Wealth Management Joins Commonwealth Financial Network®
Spiegelman Wealth Management is a comprehensive investment advisory and financial planning firm focused on high-income and high-net-worth individuals.
03/09/2018
Guggenheim’s Steve Brown Named a 2018 Rising Star of Mutual Funds
Guggenheim Managing Director of Total Return Portfolio Management to be recognized at 25th annual Mutual Fund Industry Awards on April 12 in New York
03/09/2018
Sura AM sells Chile annuities arm to focus on core businesses
The sale includes Sura’s Chile annuities business only, the company said in the statement.
03/08/2018
How nuns got Wells Fargo to address its ethical lapses
Group of investors withdraws a shareholder proposal after bank agrees to prepare report on root causes of its scandal
03/08/2018
Wells Fargo is the top banker for the NRA and gunmakers
The bank created a $28-million line of credit for the NRA and operates the primary accounts for the gun rights group, financial documents show.
03/08/2018
$100bn family office plots ESG mutual fund
Bessemer Trust has filed for a new mutual fund for its Old Westbury range
03/08/2018
Cigna in massive $67bn acquisition
This combination accelerates Cigna’s enterprise mission of improving the health, well-being and sense of security of those we serve, and in turn, expanding the breadth of services for our customers
03/07/2018
Private Equity Buyout Value, Exits Rise in 2017
Report says asset class closes out best five-year stretch in industry history.
03/07/2018
Blackstone sees half of its assets coming from retail investors
“There’s no reason that ultimately it won’t account for half the assets we manage,” Solotar said. Pressed for a timeline, she said, “I’m going to give myself a little more than five years. Let’s say 10.”
03/07/2018
Investors pile into CVS Health's $40 billion M&A bonds
Strong investor demand for CVS Health's $40 billion M&A bond gave a shot of confidence to the U.S. high-grade bond market.