Managers of Wealth Americas

Aviva close to sale of ailing US business for £1billion

Earlier this year Aviva took an £876million writedown on the US operation, now widely seen as a disastrous purchase.

Legg Mason and Permal Announce Acquisition of Fauchier Partners

The transaction is expected to close in the first quarter of 2013.

December net flows advance - SS&C GlobeOp

Capital Movement Index: December net flows advance 0.40%

Survey finds hedge fund manager bulls outweigh bears for 2013

Hedge Fund Manager Bulls Outweigh Bears by Ratio of 3 to 1

Sales of American Eagle bullion soar

Demand for gold coins in the US has leapt since the presidential election

SS&C Appoints Paul Igoe General Counsel

He was previously vice president, general counsel and secretary for Manchester, Connecticut-based Lydall, Inc.

T. Rowe Price Launches Ultra Short-Term Bond Fund

New Fund Provides Investors with Alternative Short-Term Investment Vehicle

Oppenheimer completes acquisition of leading edge MLP investment manager

Private equity investments may be subject to greater risks than investments in publicly traded companies due to limited public information and lack of regulatory oversight.

RBC launches absolute return fixed income offering for U.S. HNW's

The fund is available to institutional and high-net-worth investors across the United States.

Los Angeles-based alternative investment firm expands Citi mandate

Kayne Anderson is a Los Angeles-based alternative investment firm focusing in the energy, infrastructure, growth capital, real estate and middle market credit sectors.

Wells Fargo Rebrands Merlin Securities

"Wells Fargo Prime Services fills an important niche in our product set," said John Shrewsberry, head of Wells Fargo Securities. "

AMP Capital expands investment team

He has 12 years’ industry experience in US and European markets and joins AMP Capital from WestLB

Kleinhenz Capital and Corriente Advisors to shut down

Hedge funds Kleinheinz Capital Partners Inc., and Corriente Advisors have respectively sent letters to their investors to inform them of their decision to close shop and return their money, media reports indicated.

Societe Generale’s Lyxor Said to Seek Fund Withdrawal From SAC

Lyxor’s investments with SAC are very limited

ABN AMRO Clearing Implements NASDAQ OMX's SMARTS Broker

ABN AMRO Clearing will utilize the automated trade monitoring solution to facilitate quick identification

Bullion and Proof American Eagle Gold Coins Soar

Demand stepped up several levels for American bullion and collector proof gold coins, the latest sales figures from the United States Mint show.

BlackRock Announces Amalgamation of BlackRock Asset Management Canada Limited and BlackRock Investments Canada Inc.

The amalgamated corporation will continue to be known as "BlackRock Asset Management Canada Limited" and will be the trustee and manager of the entire Canadian family of iShares exchange-traded and closed-end funds.

Lehman sells apartment-owner Archstone for US$6.5 billion

“The sale of Archstone to Equity Residential and AvalonBay is a very positive outcome for our creditors,” said Lehman's Chairman Owen Thomas.

BNY Mellon Appointed as Successor Depositary by KB Financial Group, Inc.

"We look forward to working closely with KB Financial on efforts to advance the growth of their DR program by expanding outreach to the global investment community."

CarVal Investors Selects Northern Trust for Fund Services

CarVal Investors is a leading global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies.

Alternative Investments