11/02/2013
Warren Buffett sees Berkshire Hathaway profits jump 29pc to $5.05bn
Billionaire Warren Buffett sees Berkshire Hathaway profits jump on Goldman Sachs and General Electric investments
Alternative Investments
10/29/2013
Brookfield Closes $7 Billion Global Infrastructure Fund
Brookfield Asset Management Inc. announced today that it held the final close on Brookfield Infrastructure Fund II with equity commitments totaling US$7 billion, creating a global fund that will invest in infrastructure
10/29/2013
Ex-Vinik Money Managers Said to Open Equity Hedge Fund Startup
trading in January, the person said. Vinik decided to close his $6 billion firm in May after the money manager made ill-timed bets on gold and the direction of stocks.
10/29/2013
PwC Buys Strategy House Booz & Company
Giant accountancy firm PwC bolsters advisory arm with Booz & Company 'merger deal'
10/29/2013
SEI Named 'Most Innovative Fund Administrator'
SEI today announced that it was named "Most Innovative Fund Administrator" in the 2013 HFMWeek U.S. Hedge Fund Services Awards among service providers with over $30 billion in assets under administration
10/27/2013
U.S.’s Raymond James seeking to Acquire Canadian Equity Management Firm
The search target: a Canadian money manager with at least $3-billion of equity assets under management.
10/27/2013
Russia's Sovcombank to buy local GE Money Bank
Russia's mid-sized Sovcombank is buying the local unit of GE Money Bank, a subsidiary of U.S. conglomerate General Electric
10/27/2013
SocGen’s Yu Said to Start Hedge Fund With $250 Million From Bank
The French bank will invest $250 million in New York-based Condorcet Global Opportunity Fund, which will trade the stocks of companies going through corporate changes
10/24/2013
Legg Mason Reports Results For Second Fiscal Quarter 2014
Legg Mason, Inc today reported its operating results for the second fiscal quarter ended September 30, 2013.
10/23/2013
Want Returns? Choose Alterative Investmet
Everyone’s looking for an edge. And for investors, that can mean choosing non-traditional strategies and asset classes.
10/23/2013
Janus Capital reports 30% rise in Q3 net income
Average assets under management during the third quarter 2013 were $165.2 billion compared with $164.2 billion during the second quarter 2013 and $155.5 billion during the third quarter 2012.
10/22/2013
Ausbil Dexia welcomes partner
Fund manager Ausbil Dexia will welcome New York Life Insurance Co as its new equity partner in a move that will possibly bolster the group's funds under management and result in an imminent rebranding,
10/21/2013
Survey shows Hedge Fund Managers expressed dissatisfaction with their prime brokers
The majority of the survey respondents (75%) use managed account programs
10/21/2013
Atlantic Trust Adds Experienced Wealth Strategist to Boston Team
The addition of Connelly allows Atlantic Trust to better serve its existing client base and broaden relationships with many of the premier law firms in the Northeast that use and will consider Atlantic Trust as a trustee and wealth manager for their clien
10/21/2013
Calamos Asset Management Rreports 3Q results
Calamos Asset Management, Inc. Reports Third Quarter 2013 Results and Declares Dividend
10/21/2013
SAC Capital to Shut Down London Office
Steven A. Cohen's SAC Capital Advisors will shut down its London office by the end of the year as the hedge fund downsizes in response to a long-running insider trading investigation
10/20/2013
SS&C GlobeOp Forward Redemption Indicator: October notifications 3.36%
“Heading into the final quarter, the Indicator was almost 1% lower than in September, which is in line with historical patterns,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
10/17/2013
Boston Private sees Q3 growth deflated by Fed's bond buying
Executives at Boston Private Financial Holdings Inc. never really bought the hype that the Federal Reserve would begin scaling back its massive bond-buying program
10/16/2013
Stifel Financial to Acquire Ziegler Lotsoff Capital Management
Terms of the deal weren't disclosed. The transaction is expected to close before the end of this year.
10/15/2013
BlackRock's 3Q Profit Rises 15%
Operating income for the third quarter 2013 was $966 million with an operating margin of 39.1%.