05/20/2014

L&G completes acquisition of GIA business

GIA was formed in 1994 to create and market index target date fund products in the US and is now a top 5(2) provider of these funds in the US. The target date fund market in the US is expected to double by 2017.

05/16/2014

Pictet merges US equity funds

A spokesperson for Pictet told Wealth Manager that the decision had been taken ‘in response to clients’ needs for a single US equity strategy which implements a broad-based approach with both value and growth characteristics’.

05/16/2014

Blackstone edges Packer out of Las Vegas

Private Equity irm Blackstone Group has agreed to pay $US1.7 billion to Deutsche Bank for The Cosmopolitan of Las Vegas, the glimmering but struggling 3000-room hotel and casino on the Strip

05/15/2014

O'Connor spawns another hedge fund: Satori

The O'Connor asset management business of UBS AG in Chicago has been birthing hedge funds and trading firms for more than a decade, and it's about to deliver another one.