10/16/2012
BlackRock's Q3 EPS up 23% on new business
BlackRock Inc.'s third-quarter profit climbed 7.9% as the world's largest money manager saw its assets under management increase, while revenue climbed.
Alternative Investments
10/16/2012
Knight Capital Reports Net Loss After Software Error
Knight Capital Group today reported a consolidated net loss for the third quarter of 2012 of $389.9 million, or $602.9 million before income tax benefits.
10/15/2012
State Street Beats Estimates as Asset-Management Fees Rise
Revenue of $2.36 billion decreased 3% from $2.42 billion and $2.43 billion in the second quarter of 2012 and third quarter of 2011, respectively.
10/15/2012
2100 Xenon management team to acquire equity interest held by OMAM
"This is a very exciting time for our company," said Bruce Mumford, Partner
10/11/2012
Wells Fargo profit jumps 22 percent
The bank’s revenue increased as well
10/10/2012
RBC Global Asset Management Inc. Expands ETF Product Suite
"Since the onset of the financial crisis in 2008, it has become more challenging for investors to manage and source quality corporate bonds across different maturities,"
10/10/2012
Dodge & Cox Worldwide Funds Added to Ascentric Platform
The platform allows advisers to select investments from a wide range of investment vehicles for private investors.
10/09/2012
MetLife launches asset management business
Clients will include other insurers, pension plans and sovereign wealth funds, MetLife Inc. said
10/08/2012
Chinese bourses seek foreign capital
A group of leading Chinese fund companies will head for New York to conduct a two-day US roadshow, the latest effort to boost the weak domestic capital market, sources told the Global Times Monday.
10/08/2012
Former Wall Street trader who has spent $65,000 on web dating… and still can't find love
A multi-millionaire bachelor has revealed he has spent more than $65,000 on matchmaking services and still can't find his ideal wife.
10/08/2012
Aberdeen Introduces Three New Multi-Asset Funds
Aberdeen Asset Management announces the introduction of the Aberdeen Dynamic Allocation Fund
10/07/2012
The Rich Get Richer in ETFs
The so-called Big Three of the ETF business are BlackRock’s iShares, State Street Global Advisors and Vanguard.
10/04/2012
Worldwide investment fund assets increased to EUR 21.4 trillion in Q2 2012
Investment fund assets worldwide increased by 2.7 percent during the second quarter
10/03/2012
Carlyle Buys Hedge Fund Vermillion in Commodities Expansion
The price wasn’t disclosed.
10/03/2012
TD Bank Selected as One of the Nation's Best Banks
TD Bank has been recognized by Money as one of the nation's best banks in the magazine's 2012 list of the "Best Banks in America".
10/03/2012
Houlihan Lokey boosts real estate team with Rothschild hire
He joins from Rothschild Inc., where he spent eight years, most recently as a managing director overseeing the firm’s North American hotel/leisure and broader real estate practice.
10/02/2012
Norway’s Wealth Fund Targets U.S. Real Estate in 2013
The fund is preparing its move as a recovery in U.S. real estate values “lost steam” in the last three quarters.
09/30/2012
SS&C Acquires Gravity Financial
The transaction, which adds 40 fund services customers and 10 staff, supports SS&C's strategy of targeted growth and leadership in the alternative fund services industry.
09/27/2012
New York Life to Acquire a Minority Stake in Cornerstone Capital Management
MainStay Investments and Cornerstone to Partner on New "MainStay Cornerstone Growth Fund"
09/26/2012
State Street Planning Actively Managed Low-Volatility ETFs
The Global Minimum Volatility ETF will hold global equities with low long-term volatility and show low risk factors.