09/06/2018
Duperreault wants to use more ILS to reduce AIG volatility
Underwriting is in its essence looking at risk and matching it with capital and AlphaCat gives AIG another capital to use and match risks, Duperreault explained.
Alternative Investments
09/05/2018
WTS Global Opens US Desks
With the office in San Francisco, the focus will be on high-tech and IT driven companies - a declared focus of WTS Global.
09/05/2018
Akaan Lombard International to acquire Principal Seguros life insurance business in Mexico
This acquisition will enable Akaan Lombard International to accelerate its growth plans for Mexico and Latin America, serving the needs of high net worth individuals, their families and institutions across the region.
09/05/2018
BMO Financial Group Completes Acquisition of KGS-Alpha Capital Markets
KGS has been rebranded as BMO Capital Markets.
09/03/2018
Councils urged to stop using pension funds to invest in fracking
Friends of the Earth Scotland, 350.org and Platform publish report showing local authorities in Scotland invest £972m in 12 companies fracking overseas
08/31/2018
JPMorgan Is Liquidating $1 Billion Credit Hedge Fund Led by Fahad Roumani
The JPMorgan fund has returned more than 50 percent since it opened, with no down year, according to the letter.
08/31/2018
BlackRock’s Decade: How the Crash Forged a $6.3 Trillion Giant
Ten years later, its shrewd moves are a master class in capitalizing on others’ risk.
08/31/2018
Goldman drops subadvisor on $255m target date series
Goldman will now manage the money itself.
08/30/2018
Amundi sees Wall Street's bull run continuing before slowdown in 2019-20
Amundi’s analysts expect a soft landing for the U.S. economy next year and in 2020, to a gross domestic product growth of 2 percent in 2020 as a result of the combination of trade barriers, higher inflation, higher interest rates, lower productivity
08/30/2018
Fifth Third to buy North Carolina investment adviser
The deal is expected to close by the end of this year.
08/28/2018
Vanguard nips at BlackRock’s heels for fund crown
Money manager attracted $112bn of net new flows in first half while bigger rival brought in $77bn
08/28/2018
JPM AM aims for onshore private fund license
Other foreign fund houses have set up a wholly-owned business in China through an IM WFOE structure.
08/28/2018
Apollo acquires Aspen for $2.6bn
"This transaction, which is the outcome of a thorough strategic review by Aspen’s board of directors, provides shareholders with immediate value and will allow Aspen to work with an investor that has substantial expertise and a successful track
08/27/2018
Western Union Partners with Aquila Heywood to Improve Services to Overseas Pensioners
Our goal is to deliver stand out products and solutions that best meet our customers’ needs and enable them to provide a great service to their members
08/27/2018
Cannabis cleanse? Why big tech is giving pot businesses the boot
YouTube and others are erasing the accounts of marijuana brands, limiting their ability to advertise themselves
08/23/2018
BTIG and Pacific View Asset Management Announce Indigena Capital Strategic Investment and Partnership
“We believe the investment strengthens our ability to deliver the capital and expertise so desperately needed in the global, Indigenous emerging market."
08/23/2018
Goodman and Canada Pension Plan Investment Board Increase China Equity Commitment to US$5 Billion
Our increased commitment alongside our long-term partner in CPPIB, will provide sufficient equity to leverage opportunities in the market
08/22/2018
International US hit longest bull market history
UK investors in US stocks have done particularly well from a combination of strong stock market returns and a weakening of the pound against the dollar.
08/20/2018
LGT’s debt manager raises $726m for latest fund
LGT bought private debt manager European Capital in 2017
08/17/2018
Neuberger Berman launches CLO income fund
Neuberger Berman, which is headquartered in New York, has 23 dedicated credit research analysts providing in-depth coverage for loans in CLO portfolios.