08/31/2018
Goldman drops subadvisor on $255m target date series
Goldman will now manage the money itself.
Alternative Investments
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.
08/15/2018
Mercer Announces Proposed Expansion
Transaction to complement Mercer’s existing investment consulting, alternatives and wealth management offerings
08/14/2018
Hedge-funder goes from millionaire to missing homeless person
A hospital camera recorded Greenwald as he walked out, authorities said.
08/13/2018
Bank of the West's environmental stand faces blowback
Overall, the world’s biggest banks increased their funding in fossil fuels in 2017 by 11 per cent to $115 billion
08/10/2018
MassMutual Is Weighing Sale of OppenheimerFunds Division
Mutual fund giant is said to be worth at least $5 billion
08/10/2018
Vanguard to launch Global Credit Bond Fund
The fund will invest in both corporate and non-corporate obligations
08/06/2018
Berkshire reinsurance swings to profit in Q2
The segment posted an underwriting gain of $297 million in the second quarter of 2018 after an underwriting loss of $375 million in the same period of 2017.
08/05/2018
Kushner family strikes deal with major real estate firm
Jarad Kushner's family have finally escaped a crushing debt by selling building