05/24/2016
American Beacon Partners with Man Group for New Emerging Market Debt Fund
In August 2014, American Beacon and Man Group launched the American Beacon AHL Managed Futures Strategy Fund.
Alternative Investments
05/24/2016
AIG to Sell Crowdfunding Insurance, Looking to Make Money Off Investors’ Worries
The coverage isn’t available to protect against just any crowdfunding project.
05/23/2016
World’s no. 2 currency trader says dollar rebound just the start
Deutsche Bank favours buying the US currency versus emerging markets
05/23/2016
Creditors of Puerto Rico Government Bank Revive Lawsuit Over Debt Moratorium
A bondholder group that includes hedge funds Brigade, Claren Road and Fir Tree updated an existing lawsuit against the bank and Governor Alejandro Garcia Padilla late Friday
05/23/2016
Millionaire Tells BlackRock To Say No To Big CEO Pay
According to a survey in the US, 74 per cent people don't believe CEOs are paid appropriately relative to workers
05/23/2016
Fidelity Files To Launch Six ‘Smart Beta’ ETFs
Fidelity Investments has filed with regulators to create six new exchange-traded funds that would mark the Boston mutual fund firm’s most ambitious step yet into the fast-growing ETF arena.
05/23/2016
BNY Mellon Launches Asset Strategy View,Opening a 'Big Data' Window into Institutional Investor Allocations and Behavior
New solution supports growing need from asset managers/owners and insurance firms for detailed allocation data and insight
05/19/2016
Argentine banking group Supervielle raises over $200 mln in landmark IPO
Last month, Argentina sold $16.5 billion of sovereign debt in its first international bond issue since its record 2002 default.
05/19/2016
Envestnet Launches The Essential Advisor
These pillars include financial planning, asset class selection and allocation, investment selection, systematic rebalancing, and tax management.
05/19/2016
Peter J. Solomon Company Launches Houston-Based Energy Advisory Group
Sector Veterans John Rice and George Ward to Lead New Practice as Part of Broader Expansion Plan
05/19/2016
Be wary if your mutual fund manager also runs hedge funds: James Saft
As part of an effort to address this and other concerns, the SEC in 2005 put in place mandatory new disclosures.
05/19/2016
Tom Cruise sells Beverly Hills mansion he shared with Katie Holmes for $40 million after knocking $10 million off asking price
The actor originally listed the home for $50 million, Variety reported in September.
05/18/2016
Bonuses for Traders, Hedge Fund Managers Seen Falling in ‘16
Those in investment-banking advisory services and management positions at banks could see declines of 10 percent to 15 percent, the consultant said.
05/18/2016
Asia Drains Hedge Fund Brains
Fund closures in Europe and the U.S. have accelerated and are running near their 2014 high, according to industry tracker Eurekahedge.
05/18/2016
DC plans putting greater focus on lower-fee vehicles, alternative strategies, and income generation
These private or 'white label' funds typically have lower costs than mutual funds.
05/18/2016
Olivarez achieves Circle of Success recognition
Only a select number of high-performing Ameriprise financial advisors earn this distinction.
05/17/2016
Financial Advisors Are Key to Preventing State Escheatment of Assets
Broker/dealer firms are generally aware of their compliance obligations under state unclaimed property laws.
05/17/2016
Hedge fund manager asks $20M for waterfront Bal Harbour estate
Listing price breaks down to $3,400 psf for home and $440 psf for the land
05/17/2016
Another Hedge Funder Admits That Hedge Funds Are a Scam
It seems like the safest bet, then, in this “hedge fund killing field,” as Dan Loeb called it, would be for hedge funders to distance themselves from themselves.
05/16/2016
Jack Treynor, leader in investment theory, dies at 86
He wrote extensively on topics ranging from pension and index funds to market making, spending more than a decade as editor of the Financial Analysts Journal.