11/16/2013
Pimco's El-Erian to Step in To Shore up $3B Multi-Asset Fund
Fund based on co-CIO's book launched in 2008 severely trailing peers
Alternative Investments
11/14/2013
SS&C GlobeOp Hedge Fund Performance Index up 1.06 per cent in October
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.16 per cent in November.
11/13/2013
100 Women in Hedge Funds Raises $1.27M For Charity
The funds will benefit Best Buddies International, a global nonprofit that creates opportunities for one-to-one friendship, integrated employment and leadership development for people with intellectual and developmental disabilities.
11/10/2013
Beware the fund managers who flatter to deceive
Don’t fall for the tricks and end up paying high fees
11/10/2013
Pershing brings institutional investment research to broker-dealers, advisers
The development of this solution is a direct result of an increasing number of advisors seeking additional resources as they continue to shift their business toward advisory.
11/06/2013
Nearly half of asset managers expect to hire alternative investment personnel
As alternatives are becoming an increased focus and a larger business line for some firms, Cerulli recommends continued evaluation of support levels to ensure that the appropriate resources are committed to alternative product lines on an ongoing basis.
11/05/2013
Deutsche Asset & Wealth Management, Harvest launch first RQFII product in US
Deutsche Asset & Wealth Management and Harvest Global Investments have launched the first RQFII product in the US.
11/05/2013
Fortress Asia Chief Eyes Spin-Off
Fortress Investment Group's top Asia trader is mulling a spin-off from the alternative investments giant.
11/04/2013
Lazard Asset Management Launches Emerging Markets Core Equity Fund
The Portfolio seeks to achieve a consistent pattern of performance with lower volatility of alpha by investing in emerging markets companies at all stages of development, including small and large capitalization, growth and value opportunities.
11/04/2013
Deutsche Asset & Wealth Management to Launch the First U.S. ETF to Directly Invest in China A-shares
Deutsche Asset & Wealth Management announces the launch of db X-trackers Harvest CSI 300 China A-Shares Fund
11/04/2013
Lazard Asset Management Launches Emerging Markets Core Equity Fund
Lazard Asset Management LLC today announced the launch of the Lazard Emerging Markets Core Equity Portfolio.
11/02/2013
Warren Buffett sees Berkshire Hathaway profits jump 29pc to $5.05bn
Billionaire Warren Buffett sees Berkshire Hathaway profits jump on Goldman Sachs and General Electric investments
10/29/2013
Brookfield Closes $7 Billion Global Infrastructure Fund
Brookfield Asset Management Inc. announced today that it held the final close on Brookfield Infrastructure Fund II with equity commitments totaling US$7 billion, creating a global fund that will invest in infrastructure
10/29/2013
Ex-Vinik Money Managers Said to Open Equity Hedge Fund Startup
trading in January, the person said. Vinik decided to close his $6 billion firm in May after the money manager made ill-timed bets on gold and the direction of stocks.
10/29/2013
PwC Buys Strategy House Booz & Company
Giant accountancy firm PwC bolsters advisory arm with Booz & Company 'merger deal'
10/29/2013
SEI Named 'Most Innovative Fund Administrator'
SEI today announced that it was named "Most Innovative Fund Administrator" in the 2013 HFMWeek U.S. Hedge Fund Services Awards among service providers with over $30 billion in assets under administration
10/27/2013
U.S.’s Raymond James seeking to Acquire Canadian Equity Management Firm
The search target: a Canadian money manager with at least $3-billion of equity assets under management.
10/27/2013
Russia's Sovcombank to buy local GE Money Bank
Russia's mid-sized Sovcombank is buying the local unit of GE Money Bank, a subsidiary of U.S. conglomerate General Electric
10/27/2013
SocGen’s Yu Said to Start Hedge Fund With $250 Million From Bank
The French bank will invest $250 million in New York-based Condorcet Global Opportunity Fund, which will trade the stocks of companies going through corporate changes
10/24/2013
Legg Mason Reports Results For Second Fiscal Quarter 2014
Legg Mason, Inc today reported its operating results for the second fiscal quarter ended September 30, 2013.