08/11/2015
Community Bank opens new wealth management office
The deal will lead to some layoffs. More than 60 jobs at Oneida will be cut.
Alternative Investments
08/11/2015
SEB Implements Axioma Risk™ As Its Global Enterprise-Wide Risk Management Platform
Axioma Risk enabled SEB to address one of the most vexing problems facing risk managers: a lack of alignment between the risk-management team and the investment team.
08/11/2015
Lincoln Financial Network Announces 2014 Planners of the Year
Jack Friel, Mike Lockwood, Peter MallerSelected Among Thousands Affiliated With LFN
08/11/2015
Chinese buyers making mark on Vancouver’s luxury housing
The new data offer fresh granularity into Vancouver’s cosmopolitan housing market, where the average cost of a detached house has soared to $2.23-million
08/10/2015
BlackRock hopes big data can revive active equity funds
The goal: to arm its portfolio managers with data to give them an analytical advantage.
08/10/2015
Japanese investors may add U.S. munis to portfolios
Some pension clients not overly concerned about eventual rate increases could be attracted to munis because of their relative stability in “flight-to-quality” situations
08/10/2015
Warren Buffett closes in on his biggest deal
Its shares have fallen 19.5 per cent since the start of 2015 and closed at $193.88 on Friday.
08/10/2015
Man Group grows on shift to institutional focus, acquisitions
The turn came in part with Man's acquisition of GLG Partners, which was “very much an institutional business
08/10/2015
SEI Trust Company and Fiera Capital Corporation's U.S. Affiliate Partner to Provide International Equity Collective Investment Trust in U.S.
Leading Third-Party CIT Trustee, SEI Trust Company Helps Fiera Capital Achieve Another Milestone in Its U.S. Strategy
08/10/2015
Carmen Asset Management Puts Communication at Its Core
The company strives to make it clear to potential investors that if they choose Carmen Asset Management, they will be provided with an advisor who is well-versed in the art of communication
08/10/2015
Investment firm launches $35 million fund
The company has said it tries to fill a void in the lending market by essentially being a nimble lender on more speculative projects that traditional banks shy away from.
08/07/2015
BlackRock hopes big data can revive its active equity funds
The goal: to arm its portfolio managers with data to give them an analytical advantage.
08/07/2015
Deutsche X-trackers Announces Closure of UTLT and SUBD
Shareholders generally will recognize a capital gain or loss on the redemptions.
08/07/2015
Banks back away from Paulson Advantage fund after poor 2014
The banks cited concerns about costs, plus bets on illiquid securities as reasons for their moves
08/07/2015
Washington Trust Completes Wealth Management Acquisition
The acquisition, announced on June 2, 2015 and completed on August 1, 2015, increases Washington Trust Wealth Management's assets under administration
08/07/2015
Bob Diamond-Backed Incapture Shuttering $150 Million Fund
The firm has a technology group that Knez co-founded with former BlackRock executive Alan Moore.
08/07/2015
Atlas Mara and OPIC Partner With $300 Million to Advance Inclusive Lending in Africa
Under the terms of the agreement, OPIC will provide $200 million in long-term debt and Atlas Mara is providing $100 million of committed resources
08/06/2015
Stark Enterprises forms capital markets division
Stark Enterprises said in a news release that Stark Capital “will provide comprehensive real estate capital markets solutions with an emphasis on equity and debt placements
08/06/2015
Associated Estates shareholders OK purchase by Brookfield Asset Management
The company has over a 100-year history of owning and operating assets with a focus on property, renewable energy, infrastructure and private equity.
08/06/2015
Bank of America Starts to Pull Clients’ Money Out of a Paulson Fund
The move by the bank was based on months of discussions and related to multiple factors, according to one person knowledgeable about the bank’s thinking