07/07/2016
US Luxury Apartments Average 40% Higher Rents
That gap has widened from about 37% in the second quarter of 2013.
Alternative Investments
07/07/2016
Canada Life stops trades of its U.K. property funds after Brexit
Pound's fall has pushed down value of U.K. assets, leading investors to try get money out
07/07/2016
COMEBACK: Goldman Sachs Tops SWFI Financial Advisory League Table for H1 2016
This is a sharp decline from the US$ 126.7 directly invested in the first half of 2015.
07/07/2016
Northern Trust expands mutual fund services for correspondent bank clients
By consolidating mutual fund processing, clients will have a single outlet for all asset reporting and settlement.
07/07/2016
State Street Closes the GE Asset Management Deal
SSGA and its clients will benefit highly from the deal.
07/06/2016
It's All About the Fees, Fidelity
It’s easy to see why Fidelity felt like it had to do something.
07/05/2016
SJL Capital LLC Lauches Its Maiden Hedge Fund, SJL MarketDNA Hedge Fund LP
The new launch began trading in May and has a live track record. It is currently domiciled in California.
07/05/2016
Billionaire Diniz Foresees Big-Ticket Deals With Brazil on Sale
The optimism echoes a speech he made in New York last November, when he said Brazil was “very cheap for foreign investors.”
07/05/2016
Tencent Woos Investors to Join Clan Buying Supercell
Deal values Finnish games company at $10.2 billion
07/05/2016
Hedge funds to U.S. refiners: produce more diesel, less gasoline: Kemp
At the same time, hedge funds were running one of the smallest net long positions in gasoline contracts in the past decade.
07/05/2016
Pension fund loses 5 trillion won on ‘Brexit’
During the same period, investments on bonds have increased from 302.4 trillion won to 304.4 trillion won.
07/04/2016
William Ackman lays off 10% of staff in his hedge fund firm
The report said those who were given the pink slip were eight lower-level employees who were involved in the hedge funds’ investor services.
07/04/2016
American financial services firm MIK Fund Solutions creates 10 jobs at Belfast base
Access to high calibre software development and finance professionals, and relevant time zones will help us grow the business
07/04/2016
RBC completes sale of RBC General Insurance Company to Aviva Canada
RBC Insurance offers life, health, home, auto, travel, wealth and reinsurance advice and solutions, as well as creditor and business insurance services
07/03/2016
An $8 billion hedge fund suddenly imploded — here's how it played out
That's even as some on Wall Street were backing away from Visium.
07/01/2016
Chesapeake Partners to shut hedge fund, cites M&A woes
The Lerners said they are returning clients' money to manage only their own.
07/01/2016
Advisory firms threatened by attrition as advisers retire or go independent: J.D. Power
The number of advisers considering going independent doubled to 12% in 2016, from just 6% two years ago
07/01/2016
Norman Mains, WaveFront’s Chief Investment Officer, Dies at 72
Last August, Mains joined WaveFront after more than 45 years as an economist and investment adviser.
07/01/2016
How Investors Should Manage Their Money When Brokerage Accounts Close
Investors who chose to switch their brokerage accounts or are forced to close one can decide if they want to transfer or liquidate their assets.
06/30/2016
BNY Mellon to Repurchase up to $2.7 Billion of Common Stock
The board also approved the repurchase of up to an additional approximately $560 million of common stock during a portion of the period covered by the repurchase plan, contingent upon the company issuing $750 million of preferred stock.