03/02/2015
Hedge fund Kerrisdale says Webster should consider spin-off
Hedge fund Kerrisdale Capital on Monday urged Webster Financial Corp. to consider spinning off its health savings business from its core banking operations
Alternative Investments
02/27/2015
BNY Mellon Investment Management, Standish and Amherst Holdings Announce Formation of Real Estate Credit Management Platform
BNY Mellon Investment Management announced today that it has partnered with Amherst Holdings, LLC, a leading financial services provider to institutional investors in the mortgage and structured finance sectors, to launch Amherst Capital Management LLC (A
02/27/2015
Concept Capital Markets receives Best North American Prime Broker Award from Hedgeweek for second consecutive year
Concept Capital Markets, LLC named Best North American Prime Broker by Hedgeweek Global Awards in its 2015 reader nominated survey
02/26/2015
Insurer for wealthy now accepting Delaware members
PURE offers broad insurance plans with higher limits than typically offered by standard carriers, according to company information.
02/26/2015
Billionaire divorce: How Ken Griffin made his fortune
Today he's one of the wealthiest managers in the hedge fund world.
02/26/2015
Wells Fargo brings veteran's top US equity strategy to UK
The investment approach for the U.S. Select Equity Fund, a new sub-fund for the Luxembourg-domiciled Wells Fargo (Lux) Worldwide Fund, is a style-neutral, all-cap strategy.
02/25/2015
Legg Mason in takeover talks with non-US targets
Legg Mason's chief executive Joe Sullivan said the firm is in talks to buy two businesses that are both not based in the US.
02/25/2015
Fidelity Investments Aligns Clearing and Custody Units
Sanjiv Mirchandani appointed president of Fidelity Clearing and Custody Michael Durbin appointed president of new Fidelity Wealth Technologies group
02/25/2015
RBC to Provide Currency Liquidity on EBS Direct Venue
RBC as an LP will further bolster this growth and give customers access to a leading liquidity provider in both major and emerging market currencies.
02/25/2015
Hedgies Stumble Upon the Brilliant Idea of Investing in Apple
It found, first of all, that all those “sophisticated investors” would have been better off stashing their money in basi
02/24/2015
Stifel to buy wealth manager
The acquisition will add 730 financial advisers, boosting Stifel’s headcount of wealth management professionals by 35% to more than 2,800.
02/23/2015
Carlyle Hedge-Fund Unit Has Big Outflow
Carlyle is one of several buyout firms that has expanded into hedge funds in recent years
02/23/2015
Harbour partners with global asset manager
“In searching for an appropriate global equity manager to partner with, we sought a manager with a strong track-record, high quality people, a research edge and a philosophical alignment with Harbour.”
02/23/2015
Gold Fever Fading as $4 Billion Erased From Funds: Commodities
The net-long position in gold tumbled 18 percent
02/20/2015
Big money managers warming to ETFs
That is up from 11 firms, 20 portfolios and $3 billion in AUM when the program was launched in August 2013.
02/20/2015
Sprott 2015 Flow-Through Limited Partnership Completes First Closing on CEE Units
Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians
02/19/2015
Arthur J. Gallagher & Co buys Cohn Financial in US
CFG is specialized in offering customized private placement variable universal life insurance and private placement variable annuities.
02/19/2015
Costa Rica confirms underwriting team for up to US$1bn bond
The country has appointed international law firm Arnold & Porter as legal advisor for the sale.
02/19/2015
Uber Expands Funding Round by $1 Billion
The move, which was confirmed by Uber, comes just weeks after the company closed a $1.2 billion round of financing
02/19/2015
Robo-Advisor Betterment Raises $60 Million, Led by Francisco Partners
Betterment LLC raised $60 million from private equity firm Francisco Partners and other investors