10/27/2016
SSgA's assets up 6% for quarter despite another quarter of large outflows
Market appreciation for the quarter was $67 billion.
Alternative Investments
10/27/2016
SimCorp Journal guides on how to assess and mitigate vendor risk
The time is now for asset managers to take stock of their exposure to what is undoubtedly a vast network of third-party providers within the technology and operations ecosystem.
10/27/2016
UK student homes becoming hot property
The boom in the market has been underpinned by the large number of overseas students seeking higher education opportunities in the UK.
10/26/2016
Perceptive Advisors Raises $323 Million Credit Opportunities Fund
The Fund's global investor base includes endowments, family offices, and institutional investors.
10/25/2016
State Street and PIMCO Renew Investment Manager Services Outsourcing Relationship
Agreement Renews Historic 16-Year Investment Manager Services Outsourcing Mandate
10/25/2016
Fiera Capital reports September 2016 preliminary assets under management
Fiera Capital Corporation is a leading North American independent asset management firm with over CAD$112 billion in asset
10/25/2016
Wall Street Firms Lead on Big Brokerage Merger
The deal unites two of the largest discount brokerages in the U.S.
10/25/2016
Oak Hill Advisors Raises $2.7B For New Distressed Debt Fund
The new fund will focus on opportunities in North America and Europe.
10/24/2016
Eaton Vance to buy Calvert Investments
Acquisition of $12.3B social investment manager marks big step into the ESG market
10/24/2016
Good grief! MetLife ends three-decade branding partnership with Snoopy and the Peanuts Gang
The company has a multiyear contract for Snoopy and other Peanuts cartoon characters, according to The Wall Street Journal.
10/24/2016
Kuwait: Kamco buys GE office tower in US
The acquisition was yet another landmark in Kamco’s expansion plan
10/21/2016
Sadis & Goldberg Investigating Alleged Global Fraud and Ponzi Scheme by Privilege Wealth Management and Privilege Direct
Privilege Wealth's actions raise several red flags suggesting fraud.
10/21/2016
UPDATE 2-BNY Mellon may be a player as asset management sector tightens
BNY Mellon Corp could be in the hunt for an acquisition
10/21/2016
TriState Capital to Accelerate Growth of Its Chartwell Investment Partners Subsidiary Through Transaction with Aberdeen Asset Management, Inc.
Brings expanded product capability and about $4 billion in client assets to Chartwell as TriState Capital executes strategy to complement strong organic growth of its investment management business with selective acquisitions --
10/21/2016
US asset manager Cohen & Steers initiates UK push
The firm is working on the roll-out of a preferred securities fund.
10/21/2016
MetLife to Phase Out Snoopy Branding as CEO Reshapes Insurer
The company plans to roll out its new logo, featuring and green and blue letter M, through next year
10/21/2016
Debevoise Advises AIG in Sale of Certain Latin America, Central and Eastern Europe Operations to Fairfax Financial and in Strategic Partnership
Competition advice was provided by international counsel Timothy McIver and associate Anne-Mette Heemsoth, both of whom are based in London.
10/21/2016
Brown Advisory to merge underperforming US funds
The firm says the move is to act in the best interest of their clients as the two funds investment approaches are “too similar”, with the US Flexible fund better positioned to generate positive returns.
10/21/2016
Steven Cohen May Return to Hedge Fund Industry When Ban Expires
Steven A. Cohen is one step closer to making his return to the hedge fund industry
10/20/2016
Ex-SAC manager re-emerges with market neutral hedge fund
At the time, Endicott was a small start-up founded by Wayne Goldstein and Robert Usdan, and he was their first employee.