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.

05/13/2014

New Hedge Fund Bets On Bitcoin

Coin Capital Management is this week launching a Bitcoin-focused hedge fund, which will buy and hold the leading crypto-currency in an institutional grade environment.

05/12/2014

Deutsche unit eyes US passive assets

Deutsche Asset & Wealth Management, Europe’s second-largest exchange-traded product provider, is making a push for assets in the US, bulking up its sales staff and plotting its growth strategy in a market where it ranks 12th.