09/03/2019
Investcorp Finalizes Majority Interest Acquisition of CM Investment Partners
The transaction was first announced in June 2019
Alternative Investments
09/02/2019
New investment manager for two SAM funds
Separately, SEAMARK and SAM have entered into an agreement whereby SEAMARK will manage the core fixed income mandate for the accounts on SAM’s Separately Managed Accounts (SMA) platform.
08/30/2019
Boston Retirement terminates 2 large-cap equity managers
The target allocation to domestic large-cap equities is 17%.
08/30/2019
Adviser Bruce Lee launches quant investment manager Keebeck Alpha
Lee set up Keebeck Wealth Management in Chicago last year, with backing from Dynasty Financial Partners.
08/30/2019
John Hancock Investment Management implements expense reductions providing additional value to investors
John Hancock Investment Management, a company of Manulife Investment Management, today announced expense reductions on additional funds, representing a combination of direct management fee cuts, contractual expense cap reductions, and new breakpoints prim
08/30/2019
John Hancock Investment Management implements expense reductions providing additional value to investors
The funds affected are John Hancock Investment Grade Bond Fund, John Hancock Disciplined Value International Fund, John Hancock New Opportunities Fund1, and John Hancock Fundamental All Cap Core Fund and were made effective on July 1, 2019.
08/30/2019
Arthur J. Gallagher & Co. Acquires University Services Business of Garnett-Powers & Associates Insurance Services, Inc.
Steve Johnson and his associates will continue to operate from their current location under the direction of Norbert Chung, head of Gallagher's Western region employee benefit consulting and brokerage operations.
08/29/2019
Apollo and Athene to Acquire PK AirFinance From GECAS
Alec Burger, GE Capital President & CEO, said, “Apollo’s vast lending experience, complementary platforms, and exceptional track record across diversified assets and geographies make it the ideal partner to accelerate PK AirFinance’s
08/27/2019
Texas-based investment firm Invests in Cicero Capital Partners
The firm’s AUM as of 1 July, 2019, is approximately USD77 million.
08/26/2019
Japan’s biggest asset manager to expand into US market
The company, part of Sumitomo Mitsui Trust Holdings , currently has overseas offices in London, Hong Kong and Singapore, with 12, 10 and two staff, respectively.
08/26/2019
Third Point builds stake in Ray-Ban maker EssilorLuxottica - sources
The two sides announced a truce in May, but the company still faces uncertainty as it searches for a CEO that can deliver on the merger’s promised annual savings of 600 million euros.
08/23/2019
Bryn Mawr Trust seeks to go where robo can't
There’s a lot more complexity to serving family and intergenerational wealth.”
08/23/2019
SunTrust Foundation Awards $2.7 Million in Grants to Winners of the 2019 Lighting the Way Awards
Every one of these nonprofits has created impactful programs to support specific needs of their communities, and it is a privilege to recognize their efforts
08/22/2019
Berkshire Hathaway eyes Global yen bond offering
The mandate announcement for the potential deal surprised bankers away, who questioned whether the bonds would draw strong investor demand and also why Berkshire needs yen, as most of its assets are believed to be in the US.
08/21/2019
SS&C GlobeOp Forward Redemption Indicator
SS&C GlobeOp Forward Redemption Indicator: August notifications 3.41%
08/21/2019
Accredited announces two new program underwriting partnerships
Accredited Europe has also extended its program underwriting partnership with First Underwriting Limited
08/21/2019
WM Partners Selects Artivest Platform
We are proud that the Artivest Open Network serves as a gateway to financial advisors
08/20/2019
Goldman Files for Six Bond ETFs as Its Retail Force Expands
Even before the United Capital deal, the private wealth unit that is part of the GSAM division attracted $17 billion of net “long-term fee-based” customer assets in 2017
08/19/2019
U.S. equities, fixed income give boost to public plans
Public defined benefit plans in the Wilshire Trust Universe Comparison Service posted a similar median return of 6.62% for the year ended June 30.
08/19/2019
Pioneer wonders about future with perspective of the past
Richard M. Ennis discusses how investing has changed and what he sees coming up