07/31/2014
Fortress Second-Quarter Profit Rises 16% on Holdings Sales
Fortress is benefiting as rising stock markets lift the value of holdings, offsetting the impact of losses at some of the firm’s hedge funds.
Alternative Investments
07/31/2014
Rothschild Larch Lane launches new fund
Rothschild Larch Lane Management Company announces the launch of a liquid, open end alternatives mutual fund which utilizes a risk balanced approach to portfolio construction.
07/30/2014
Hedge fund boss Steve Cohen takes on Hamptons social scene
Hedge fund billionaire Steve Cohen is shrugging off his troubles and schmoozing in the Hamptons.
07/30/2014
Calamos Asset Management Reports Second Quarter 2014 Results
Non-GAAP diluted earnings per share was $0.22 for the second quarter compared with $0.20 in the previous quarter
07/30/2014
MetLife Announces Second Quarter 2014 Results
MetLife reported operating earnings* of $1.6 billion, unchanged from the second quarter of 2013.
07/29/2014
Ex-Citi FX trading head readies macro hedge fund
Former global head of foreign exchange at Citigroup, Anil Prasad, is preparing to launch his own hedge fund in the first quarter of 2015.
07/29/2014
Natixis Global Asset Management to Relocate Boston Headquarters to 888 Boylston
The 17-story, 425,000-square-foot 888 Boylston Street is designed to be Boston’s most sustainable office building
07/28/2014
Nasdaq OMX Clearing picks BNY Mellon for US Treasury clearing and custody
BNY Mellon demonstrated to us that it has the market position and experience in the US treasury market required to provide effective clearing and custody support
07/28/2014
Altreaus goes live with SunGard's risk management service
Atreaus Capital selects SunGard's Hedge360 Risk Reporting Service for risk management.
07/28/2014
Ramius and State Street Global Advisors Plan Managed Futures Fund Relationship
Fund to be Renamed State Street/Ramius Managed Futures Strategy FundRamius Files Proxy Statement Seeking Shareholder Approval for Sub-Advisory Agreement
07/28/2014
MetLife Joins Norway Fund in $561 Million Boston Deal
The collaboration on U.S. property bets began in December, as the Norwegian fund sought to diversify its holdings.
07/25/2014
MB Financial Receives OCC Approval for Pending Merger
The transaction, which remains subject to the satisfaction of other customary conditions to closing, is expected to be completed on or about August 18, 2014.
07/24/2014
Natixis Global Asset Management Launches Seeyond Multi-Asset Allocation Fund
The fund’s management team specializes in active volatility investing in Europe
07/23/2014
RBC Global Asset Management Announces Changes to Four International and Global Equity Funds
AM-UK specializes in global, European and emerging market equities, as well as global and emerging markets fixed income.
07/23/2014
Mitsubishi Corporation Enters into Strategic Partnership Agreement with I Squared Capital
Mitsubishi Corporation has entered into a strategic partnership agreement with I Squared Capital Advisors LLC, an independent infrastructure investment fund manager.
07/22/2014
UBS’s Puerto Rico Closed End Funds Have a Troubled Past
Investors over the last several months have been filing legal action against UBS Financial Services Inc. of Puerto Rico over closed-end municipal bond funds that have tanked in value.
07/22/2014
Hedge Fund Avoided More Than $6 Billion Tax, Report Says
The hedge fund used contracts with the banks to establish the “fiction” that it wasn’t the owner of thousands of stocks traded each day, said Senator Carl Levin, a Michigan Democrat and chairman of the Permanent Subcommittee on Investiga
07/21/2014
US investment firm partners with Breakwater Advisory
US-based investment firm Voya Investment Management (IM) has partnered with third-party marketing and advisory firm Breakwater Advisory to offer asset management services to Australian institutional investors.
07/21/2014
First Trust’s smart beta attracts the money
The Big Three exchange-traded fund providers – BlackRock, Vanguard and State Street Global Advisors – have dominated the ETF market for years by consistently attracting the lion’s share of inflows to their funds.
07/21/2014
RCS Capital Announces Initiative to Establish Leading Crowdfunding Investment Platform
Acquires Assets of Trupoly, White-Label Investor Relationship Management Portal and Adds Key Executives to Crowdfunding Initiative Crowdfunding Platform to Leverage RCS Capital Expertise in Investment Identification, Research, Due Diligence, Compliance,