08/01/2013
Berkshire Q2 Profit Surges
Billionaire Warren Buffett's Berkshire Hathaway Inc reported second-quarter net earnings attributable to Berkshire shareholders
Alternative Investments
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.
07/18/2013
Fidelity Bank Reports $4.4million Profit
Provisions for Loan Losses at $2.3 million soared by 125% compared to the first six months in 2012 reflecting a continuing deterioration in asset quality
07/17/2013
Blackstone doubles revenues and triples earnings
Robust realizations allowed us to generate significant returns for our fund investors and higher distributable earnings for our unitholders.
07/16/2013
Ex-Morgan Stanley Executives Said to Target $2 Billion for Fund
Morgan Stanley’s infrastructure investment unit plans to seek $4 billion for a second global fund
07/15/2013
Citi Appointed by Mirae
Citi has been appointed by Mirae Asset to provide Fund Administration, Custody and Index Receipt Services for a new ETF Platform in the US
07/15/2013
Tiger Bay Advisors Acquires Gramercy Park Advisors
Tiger Bay Advisors announced that it has Completed The Acquisition of Gramercy Park Advisors
07/11/2013
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.30% in July.
07/09/2013
SkyBridge Capital And Woori Investment & Securities Announce Strategic Partnership
Representing every type of market participant from large institutional investors to individual retail investors
07/09/2013
Ex-JPMorgan Private-Equity Unit Said to Get $1.1 Billion
The initial closing for CCMP Capital Investors III LP includes a $200 million commitment from the New York-based firm, said one of the people, who asked not to be identified because the information is private.
07/08/2013
Libor moving to NYSE Euronext
NYSE Euronext will take over the Libor in early 2014.