04/20/2017
Baird reports record 2016 revenue
Assets under management drive growth
Alternative Investments
04/20/2017
KKR, Stone Point to Buy Focus Financial Majority Stake
The selling shareholders include current private equity investors as well as several employees and wealth management affiliates of Focus, the company says.
04/20/2017
Raymond James strikes $172M deal to buy Kansas City investment manager
Upon closing of the transaction, Scout Investments and its Reams Asset Management division will become a wholly-owned subsidiary of Carillon Tower Advisers, with projected combined assets under management and advisement in excess of $60 billion.
04/19/2017
Virtue Asset Management Marks Successful First Year With Opening of Second Office in Chicago
The mission of Virtue Asset Management is to help clients grow and protect the wealth they've worked diligently to accumulate — without incurring needless risk.
04/19/2017
Fidelity predicts wave of consolidation among asset managers
Popularity of passive vehicles is putting pressure on investment groups’ margins
04/18/2017
Elliott's BHP Billiton hit shows activist hedge funds target Australia
They have generally targeted only a few small and medium companies for underperformance or perceived governance problems.
04/18/2017
The Swiss Helvetia Fund, Inc. Announces Director Nominations And Resignations
In addition to Mr. Ricciardi and Ms. Hoysradt, Claus Helbig, a current Class II Director of the Fund, will stand for election at the 2017 Annual Meeting.
04/18/2017
Fee Pressure, Consolidation Aren't Over Yet for Asset Managers
It’s going to be a little rough in here for the mutual fund industry, but this is like a kidney stone.
04/18/2017
AGF Eyes Rich Investors to Counter Mutual Fund Slump
It can come in and it can go out, and we’ve experienced both sides of that coin.
04/17/2017
Riverside Strategic Capital Fund raises $418 mln
RSCF has attracted a number of outstanding investors, including New Mexico Educational Retirement Board, Northwestern Mutual and Phoenix Life.
04/17/2017
Fund Companies Making Layoffs
Outflows lead to shrinking investment teams among many active managers.
04/13/2017
Assets Fall at Passport as Performance Plummets
The San Francisco hedge fund firm, known for its volatile returns, is experiencing hefty redemptions following a period of employee turnover and big performance losses.
04/13/2017
Nationwide Mutual seeks $300m Caelus Re V 2017 cat bond
This is the first cat bond from Nationwide that has expanded its coverage to include other perils
04/12/2017
SEI Funds Receive Global Recognition in 2017
Total of Six Awards in UK, US, and Canada in First Quarter
04/11/2017
Intrawest nears sale to private equity-backed group
KSL is backing a ski resort operator whose identity could not immediately be learned
04/11/2017
Sprott to Sell Canadian Diversified Assets to Management-Led Group
We have entered into this transaction to refocus on our core competencies as a globally-recognized manager
04/10/2017
A star trader who generated $7 billion in revenue is prepping his own hedge fund launch
The fund is in the early stages of planning and is expected to launch as early as the end of this year or the early part of next year, one of the people said.
04/10/2017
Equity Hedge Funds Best Start Since 2013 Fueled by Asia Wagers
Emerging markets had some of the most robust gains, with an average 5.5 percent return led by wagers in India and China.
04/10/2017
Dawn Fitzpatrick, the woman who's in charge of $US25b of George Soros' funds
Soros himself is perhaps the finance world's most famous investor.
04/10/2017
Triple Leo launches into hedge fund admin space
Based in Philadelphia, Triple Leo Consulting will provide administration services to the hedge funds and fund of funds space.