10/28/2014
DHFL, Prudential Financial to form asset management JV in India
The joint venture company will be renamed DHFL Pramerica Asset Managers Pvt Ltd, following regulatory approvals and closure of the transaction
Alternative Investments
10/27/2014
Former Sam Zell Partners Get $100 Million From New York Life
Jaguar Growth Partners, a privately-held investment management and advisory firm run by former business partners of Sam Zell, has received $100 million in new financing from New York Life Insurance Company for its inaugural fund.
10/27/2014
NextGen Bond Managers
These four managers have enough of a track record to show real-world results in up and down markets, but are young enough that they potentially could be managing funds for the next few decades.
10/27/2014
China GF Intl says to set up offices in New York, London
Asset manager GF International Investment Management said on Monday that it plans to set up offices in New York and London next year
10/23/2014
Shooting For Higher Goals: Leadership Lessons From Charles Schwab's Former CEO
After three years as co-CEO with Schwab, founder of the San Francisco brokerage and investment firm, and two years as the sole boss, Pottruck got called into Schwab’s office and unceremoniously fired.
10/23/2014
BGC launches formal $675 mln offer for rival broker
The industry has also faced challenges as regulators have pushed more derivatives trading onto electronic platforms in a bid to make the market more open and safer. Low interest rates also have dampened market volatility, adding to brokers' woes.
10/23/2014
Online PE marketplace iCapital Network racks up $9.25 mln
iCapital Network has created a comprehensive platform that enables qualified investors and their advisors to see over 2,000 private equity funds
10/22/2014
Raymond James to Offer Commission-Free ETFs to Investment Advisors
Raymond James Financial Inc is preparing to offer exchange-traded funds free of transaction fees, ratcheting up its competition for assets against similar programs in place at Charles Schwab Corp and TD Ameritrade Holding Corp.
10/22/2014
DB Private Equity closes latest secondary opportunities fund at $1.7 bln
Deutsche Asset & Wealth Management said Tuesday that DB Private Equity has closed its latest secondary opportunities fund at its hard cap of $1.665 billion.
10/22/2014
Fortress Enters into Agreement to Acquire the Fruta del Norte Project from Kinross
Fortress Minerals Corp. is pleased to announce that it has entered into a definitive share purchase agreement to purchase a 100% interest in the Fruta del Norte Gold Project located in Ecuador from Kinross Gold Corporation for total consideration of US$24
10/22/2014
RBC Global Asset Management Inc. Launches Five New ETFs
This is the first unhedged European dividend ETF in Canada and has a management fee of 0.49 per cent. The ticker symbol "RPD" represents Canadian-dollar-denominated units, while the ticker symbol "RPD.u" represents U.S.-dollar denomina
10/22/2014
Asian investors turn to U.S. apartment buildings
After snapping up luxury condos and commercial properties in New York and Los Angeles, Asian investors are now training their eyes on U.S. apartment buildings.
10/21/2014
Private Equity Titans Open Cloistered World to Smaller Investors
The arrangement of private equity funds tends to limit access to them.
10/21/2014
Wafra and Greenstone to Linkup Within the Gulf Cooperation Council
Wafra Investment Advisory Group, Inc. and Greenstone Equity Partners have forged a strategic alliance to introduce Wafra's institutional investment platform to GCC-based investors.
10/21/2014
Schwab phones Private Client customers to advise dumping PIMCO Total Return fund
Charles Schwab & Co. is advising Schwab Private Client customers to move their assets out of the PIMCO Total Return fund.
10/21/2014
90 North Plans $750M of Investments
Company officials say they plan to invest $750 million, mostly in the US, during the next 18 to 24 months.
10/20/2014
Why 10 Percent of Life Insurance Agents Have A Lock On The Ultra-High-Net-Worth Market
The author of Recognizing the Opportunity: Wealth Management, Estate Planning and Life Insurance and a founder of Private Wealth magazine.
10/17/2014
Goldman Sachs in talks to acquire ETF provider IndexIQ: sources
The deal, if finalised, would enable Goldman to introduce passively managed and actively managed exchange traded funds within months.
10/17/2014
Lucia aquires West Coast Asset Management office, key staff
West Coast Asset Management, the alternative investment firm founded by Paul Orfalea and family member Lance Helfert, is merging with a San Diego-based money manager.
10/17/2014
Private equity adviser, CEO settle with SEC over fee allocations
The Securities and Exchange Commission said that Clean Energy Capital LLC and its founder and CEO Scott Brittenham had settled the matter without admitting or denying the charges.