Managers of Wealth Americas

Citigroup launches commodity trade finance business

Citigroup has hired Kris Van Broekhoven from Deutsche Bank to lead the new unit, part of its transaction services business, a spokesman said on Thursday.

Blackstone to Acquire GCA Services Group

The transaction is expected to close in October subject to certain government approvals and other customary closing conditions. Credit Suisse and Morgan Stanley acted as M&A advisors to Blackstone and are providing financing for the transaction.

ExpertPlan inks alliance with Redhawk Wealth Advisors

"We are extremely proud to have been selected by Redhawk Wealth Advisors to provide them with the retirement plan tools, resources and support to help them capitalize on increasing their retirement business," noted Ross Brown, Senior Vice Presid

SunGard identifies ten asset management trends affecting the fund management industry

Doug Morgan, president of SunGard’s institutional asset management business discuss the top trends affecting the fund management industry in 2012

RBC Global Asset Management announces August fund sales results

Sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC).

BlackRock set for US trust float despite tough market for IPOs

The fund manager, which runs $3.35trn (£2.11trn) for clients globally, will seek a premium listing on the London Stock Exchange when the trust has its IPO in October.

Virtus Adds $1.4B Manager To Its Booming Fund Family

Virtus, a $40 billion in asset multi-manager mutual fund company, spun out of Phoenix Companies in 2008 with the help of its CEO George Aylward.

ING to Sell Capital One Stake After Sale of Online Bank

Pricing is expected before regular trading opens today in New York, with settlement on Sept. 10, ING said in a separate statement.

Korn/Ferry Acquires Leading Diversity, Inclusion And Leadership Development Firm

The acquisition increases the scale of Korn/Ferry's Leadership and Talent Consulting business and extends the firm's capabilities within the fast-growing market for diversity and inclusion-focused talent management solutions.

It’s ad-ding up, hedgies going social

The traditionally secretive hedge fund industry is abuzz with chatter over the prospect of joining the wider world of social media, including Facebook, LinkedIn and Twitter, sources told The Post.

Investors flock to US hedge funds despite recent losses

North American funds have certainly not been immune from tough markets, and tough investors, over the years.

BNP Paribas Securities Services Top Rated in the 2012 Hedge Fund Administration Survey

These scores are higher than the average reported scores and we are also rated 'Best in Class' in all North American categories.

Principal Wins China Approval for $150 Million Investment

Principal is seeking investors for the fund, which will be domiciled in Dublin, Adam Lackey, a company spokesman, said yesterday by phone. Tony Chu, a Hong Kong-based portfolio manager, will help oversee the investments.

NSE exploring tie-up with Qatar Exchange

NSE’s chief executive officer (CEO) Ravi Narain on Tuesday met top officials of Qatar Exchange and briefed them about facilities that the Indian bourse offers to foreign investors.

Landmark bank deal turns prey into predator

M&T Chief Executive Officer Robert Wilmers has added about $40 billion to both its loan and deposit books since 2008 through at least four acquisitions, according to data compiled by Bloomberg. With Hudson City, M&T probably will rank 14th by asse

Paulson to Talk With BofA

The call comes within days of the decision by a major Paulson client, Citigroup Inc.'s private bank, to stop investing with Mr. Paulson's firm. That move is expected to lead to withdrawals of about $410 million.

Hedge Funds Are Getting Clobbered In 2012

The numbers are truly terrible. Bank of America Merrill Lynch’s investible hedge fund composite index shows hedge funds are up 1.85% so far in 2012.

Citadel’s Equities Co-Head Runnfeldt to Leave Hedge Fund

Runnfeldt, 46, became co-head of global equities in 2009 along with Brandon Haley and Steve Weller when Citadel started its equity fund.

BNY Mellon to double the size of its Dallas operations

The wealth management firm has signed a lease for about 6,000 square feet of space at the building at 6150 Sherry Lane, just west of Preston Road, which was being developed for the headquarters building of Bandera Ventures.

Citigroup Private Bank Said to Redeem From Paulson Fund

The private bank is redeeming from Paulson’s Advantage Fund and Advantage Plus Fund, said the people, who asked not to be identified because the information is private.

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