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.
Alternative Investments
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
08/06/2015
United Overseas Bank: A Growing Presence in New York Commercial Real Estate
U.O.B. acted as the administrative agent on the massive debt deal and contributed $220 million in financing
08/06/2015
New York hedge fund boss Dan Loeb takes large stake in Baxter
A letter Loeb sent to Baxter on Wednesday thanks current Baxter CEO Robert L. Parkinson Jr. for meeting with him over the last week
08/06/2015
New Private Foundation Guide Helps Advisors Reduce Tax Exposure, Boost Clients' Philanthropic Impact
According to Mr. Chartener: "It's essential that advisors talk about more than just investment returns.
08/05/2015
Pimco Investors Withdrew $2.5 Billion From Total Return
Investors took out record amounts of money amid concerns about lackluster returns
08/05/2015
Morning Coffee: The $26bn hedge fund which hires 20 year-olds. Worst paid bankers in the world
Historically, most funds have preferred to pinch junior traders from investment banks.
08/05/2015
Elliot Management: The Hedge Fund That Foreclosed on a Warship
If you don't want to pay, that's fine.
08/04/2015
O'Toole-Ewald Enters into Strategic Partnership with AN Valuations
This new strategic partnership brings OTE's services directly to AN Valuations' high net worth European clients, and enables both firms to offer competitive services to clients in the financial sector.
08/04/2015
Pinnacle Announces Completion Of Merger With CapitalMark
CapitalMark will operate as a division of Pinnacle Bank until March 2016
08/04/2015
CIT Finalizes OneWest Bank Deal
Thain will continue to lead the combined company.
08/04/2015
Funded Status of U.S. Corporate Pensions Falls to 86.7 Percent, According to BNY Mellon ISSG
Endowments and Foundations Fail to Meet Targets, Public Plans on Track
08/04/2015
Fund manager AGF targets institutional investors, infrastructure
AGF Management Ltd, one of Canada’s largest independent fund managers, expects its push into the institutional segment and infrastructure-related investments to drive growth over the next few years