08/13/2013
Spain’s Sabadell Said to Decide Against Sale of U.S. Division
The assessment for Sabadell’s U.S. unit was spurred by the high price fellow Spanish lender Bankia SA fetched for its Miami lender
Alternative Investments
08/13/2013
Why Steinway Is Likely To Be Sold To A Hedge Fund Manager
Steinway & Sons, the 160-year-old musical instrument maker, is set to change hands.
08/12/2013
SS&C GlobeOp performance index up 1.52% in July, 6.55% year to date
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance
08/08/2013
BNP Paribas Enters Into License Agreement With Richard Bernstein Advisors
We think the American Industrial Renaissance is one of the best and least accepted growth stories in the world today
08/05/2013
Brown Advisory unveils Small Cap Blend fund
The US Small-Cap Blend fund forms part of the investment manager’s Dublin-domiciled Ucits range of funds.
08/05/2013
Calamos Asset Management Reports 2Q 2013 Results
As investment performance continues to improve on several of our strategies, we expect that our net flows will also improve.
08/05/2013
Atlantic Trust Positive Momentum Continues
Atlantic Trust today announced the firm growth continues, with $21.7 billion in assets under management, including $939 million of net flows year-to-date through June 30, 2013.
08/04/2013
Blackstone Closes Acquisition of Strategic Partners from Credit Suisse
Blackstone and Credit Suisse today announced that Blackstone had closed on its acquisition of Strategic Partners from Credit Suisse. Strategic Partners is a secondary private fund of funds business, with $10 billion in assets under management.
08/04/2013
BNY Mellon’s Dreyfus Launches Research- Driven Liquid Alternatives Fund
The Dreyfus Corporation a BNY Mellon company, announced that it has launched the Dreyfus Research Long/Short Equity Fund, an actively managed mutual fund.
08/01/2013
Berkshire Q2 Profit Surges
Billionaire Warren Buffett's Berkshire Hathaway Inc reported second-quarter net earnings attributable to Berkshire shareholders
08/01/2013
George Clooney Attacks Hedge Fund Billionaire Dan Loeb
Actor George Clooney, one of Hollywood’s biggest stars, attacked one of the most famous hedge fund managers on Wall Street, calling billionaire Daniel Loeb a “carpet bagger” who is “trying to manipulate the market.”
07/31/2013
US firm BBH launches global equity Ucits
BBH has launched a Ucits version of its Global Core Select fund
07/30/2013
Credit Suisse Nears Sale of Private-Equity Unit
Credit Suisse Group is in advanced talks to sell a multibillion-dollar private-equity business as the bank adapts to stricter rules for managing capital and risk
07/30/2013
MasterCard profits advances as revenue grows, led by emerging markets
Mastercard, the payments processing company, reported a 19 percent increase in its second-quarter profit as more people worldwide used its debit and credit cards to make payments.
07/28/2013
Morgan Stanley prime broker builds bridges
The prime brokerage business is as competitive as ever
07/28/2013
Big Hedge Funds to Swoop on Start-Up Talent
Some of the world’s biggest hedge funds are among firms that are capitalizing on a difficult environment for start-ups
07/25/2013
JPMorgan to exit commodities businesses
JPMorgan said it is exiting the business of owning physical commodities, including electricity, oil and aluminum.
07/23/2013
Nasdaq OMX posts Q2 results
The Nasdaq OMX Group, Inc. reported results for the second quarter of 2013.
07/22/2013
Signature Bank reports record income
The record net income for the 2013 second quarter, versus the comparable quarter last year, is primarily due to an increase in net interest income, fueled by strong deposit and loan growth.
07/21/2013
SS&C GlobeOp Forward Redemption Indicator: July notifications 2.71%
The SS&C GlobeOp Forward Redemption Indicator for July 2013 measured 2.71%, down from 3.88% in June.