Managers of Wealth Americas

Moody's doubts Wells Fargo's Merlin purchase

Last month, Wells announced that it would buy Merlin Securities, a prime brokerage and technology provider based in San Francisco and New York.

Veteran media banker launches investment banking firm

Firm to Provide Strategic and Financial Advisory Services to Media, Entertainment and Consumer Companies

GlobeOp launches monthly Hedge Fund Performance Index

GlobeOp Financial Services will launch an independent, asset-weighted hedge fund performance index on May 15, 2012.

Baird Launches Small Cap Value Fund

The Fund is no-load and, like the other stock funds in the Baird fund family, it has an .85% management fee. The expense ratio is 1.1% for the institutional class and 1.25% for the investor class.

HSBC Eyes Blackstone's Fund Of Funds Throne

HSBC Holdings' fund of hedge funds chief is going after the industry's leader.

Warren Buffett tackles tricky question of succession

In spite of being the world's most famous investor, Warren Buffett's investment conglomerate Berkshire Hathaway is barely covered by Wall Street analysts.

Northern Trust Hedge Fund Services Prepares Clients for Form PF Reporting

Form PF is a new rule adopted by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) requiring private fund advisors to file disclosure data on holdings and risk exposures within their funds.

GAMCO Investors reports profit up 6.3pc y-on-y

Revenues, excluding incentive fees, rose $4.5 million. Operating income before management fee was $31.2 million, a 30.7% increase from $23.9 million in the prior year period.

Credit Suisse’s Asset Management Division Releases the Q2 2012 Edition of the Alternatives Quarterly

Mr. Keitel views the recent correction in risky assets not as a reversal of fortune for the markets, but rather as a renewed buying opportunity in the coming weeks for investors, especially in light of what he believes are attractive valuations.

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.

Alternative Investments