07/14/2017
The world's largest asset manager cuts fees
We have aspirations to be ubiquitous in every securities market.
Alternative Investments
07/14/2017
Manulife weighs U.S. shakeup
The U.S. division accounted for a little more than one-third of profits at Manulife last year, and 56 per cent of its assets under management and administration.
07/13/2017
Malkiel Joins ETF Firm That Tracks ETF Firms
Burton Malkiel joins the investment committee of ETF Industry Index, Mercer acquires Wealth Design Services, and Stash raises $40 million.
07/12/2017
Openwork chooses T. Rowe Price to manage £500m US mandate
Replacing BNY Mellon
07/12/2017
Wedbush Securities Futures Division Announces Collaboration with RCM Alternatives
Introducing Broker Initiative; and Thomas P. Anderson and Tom Chlada Joining RCM alternatives
07/11/2017
Battle brewing over proposal to loosen Canada's hedge-fund rules
Canadian regulators are proposing to loosen the rules on hedge-fund participation after pressure from fund managers and investment advisers. The desire to ape the far larger industry in the United States is another incentive.
07/10/2017
Hedge-Fund Danger Alert as Canada Prepares for Retail Investors
Financial institutions say retail participation is a no-brainer.
07/10/2017
Pioneer Bank acquires Latham benefits firm
The launch of Pioneer Benefits Consulting continues our bank’s strategic growth
07/10/2017
Jared Kushner Tried To Get Qatari Billionaire To Invest In Midtown Tower: Report
Kushner sought a $500 million loan to refinance 666 Fifth Avenue — the tarnished jewel of Kushner Companies' real estate portfolio.
07/09/2017
Bonds are winning, PGIM says, as JPMorgan warns of complacency
Money managers are weighing mixed signals from both economic data and central bankers
07/06/2017
B. Riley Financial Closes Acquisition of Wunderlich Securities
He will report directly to Bryant Riley and Tom Kelleher, who will serve as co-CEOs of the combined investment banking and brokerage business.
07/05/2017
US insurance giant AIG signs up with Royal Bank of Scotland
It is the company’s biggest push back into the life insurance market
07/04/2017
Ex-Viking CIO Daniel Sundheim Plans to Start Equity Hedge Fund
He joined the hedge fund in 2002 as an analyst and became sole CIO in 2014.
07/04/2017
Ares Management's CIO And Chief Risk Officer Drives Extraordinary Growth
Kono's ability to push to other areas beyond IT can be traced to her roots in Finance
07/03/2017
Amundi Combines Pioneer Investments and Amundi Smith Breeden to Launch Amundi Pioneer in the U.S.
The new firm will manage Amundi’s U.S. investment hub and distribution platform.
06/30/2017
Harvard Links Billionaire Samwers, Ex-Eton Manager in New Fund
The Samwers also own half of the New York-based money manager, through Palamos Americas GMBH
06/30/2017
Giant insurer gets regulator’s go-ahead to spin off US division
Subject to the SEC’s timely declaration that Brighthouse Financial’s Registration Statement on Form 10 is effective
06/29/2017
BNY Mellon and One Investment Group Create Strategic Alliance to Deliver Global Custody Services to Australian Fund Managers
This alliance creates a competitive alternative in the Australian custody market
06/28/2017
LPL Bars Brokers from 401(k) Rollover Advice
LPL’s hybrid advisors will still be able to recommend rollovers if that advice is limited to their company’s advice side of the business and meets certain conditions, according to an internal memo seen by InvestmentNews.
06/28/2017
Insurance Is the Hot New Way to Avoid Taxes
Insurance dedicated funds gaining popularity among wealthy