Managers of Wealth Americas

FolioDynamix bags wealth technology accolade

FolioDynamix received the Advisory Solutions Technology Innovation of the Year Award for its release of FDx SingleSight Version 6.1.

Wells Fargo to buy prime brokerage Merlin Securities

Prime brokerage includes services such as lending, clearing trades and record-keeping that help hedge fund managers run their firms.

US based hedge fund Och-Ziff halts India funding

Och-Ziff, the $30-billion New York-based hedge fund, has frozen secondary market stock investments in India due to soaring compliance costs and muddled tax policies, four people familiar with the development said.

Warba Bank funds announces first residential project in the United States

The Court Square development will consist of approximately 155 apartment units with high-end finishes, spacious interiors and large private balconies with Manhattan skyline views.

UBS rolls out new DJ-UBS Commodity Index-linked ETN

By diversifying exposure across multiple commodity futures maturities, the Index seeks to limit concentration at any one point on the respective commodity futures price curve.

Lazard profit declines on higher costs ‎

Assets under management increased 11%

T. Rowe Price sees AUM grow to $555bn

The increase in the first quarter of 2012 is attributable to net cash inflows of $12.4 billion, including $4.2 billion originating in the target-date retirement portfolios, and market appreciation and income of $52.9 billion.

Connecticut-based hedge fund manager found dead in NC

He was staying with family members at a house on Figure Eight Island, a gated development on a barrier island near Wilmington.

LCH.Clearnet buys U.S. rival

LCH announced Tuesday, April 24, that it will buy Nasdaq OMX Group Inc.'s majority stake in IDCG and in return give Nasdaq a stake in LCH. As of November 2010, that stake was roughly 80% of IDCG

Barings plans to close North America fund

A spokesperson says: “As a result there are always likely to be some funds that are closing while others are being launched.

Wells Fargo completes BNP unit acquisition

Terms were not disclosed.

Blackstone payouts hit as performance fees fall‎

Total revenue fell 17 percent to $952 million in the first quarter, down from $1.15 billion in the same quarter the year before.

Hedge fund assets swell to new high

Total investor capital allocated to hedge funds in the first quarter exceeded $16 billion, HFR said in a statement.

Matthews Asia's UCITS Funds Now Available on Allfunds Bank

Through this relationship Matthews' Asia Dividend, Pacific Tiger (Asia ex-Japan), China, India and China Small Companies Funds are now accessible to Allfunds Bank's large network of clients.

Prime brokerages consolidate after "big bang"

Hedge funds are cutting back on the brokerage accounts they hold as the prime brokerage industry begins to consolidate more than four years after the Lehman Brothers bankruptcy blew the sector wide open.

Schwab profit falls but says financials to improve ‎

Revenues and Earnings Rise by 7% and 20%, Respectively, Over Preceding Quarter

The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.05% in March

There have not been any funds added to the Dow Jones Credit Suisse Hedge Fund Index in March

Bank of America to Sell 31-Story Manhattan Office Tower

The building is selling for $230 million, or about $300 a square foot, according to the Wall Street Journal, which reported the agreement earlier today.

Deutsche Bank To Decide On Guggenheim Bid Tuesday - Sources

U.S. financial services firm Guggenheim Partners, which entered exclusive negotiations with the bank on the sale, has until the end of this week to make a detailed bid for the operations, which could be worth around EUR1.6 billion, below the previously s

ABN Amro to sell commercial insurance arm to Aon

ABN AMRO Insurance, part of Delta Lloyd Group, is taking over the intermediary activities in the commercial general insurance segment for the Small and Medium-Sized Enterprise sector from ABN AMRO Bank.

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