Managers of Wealth Americas

Money managers are moving beyond their regional specialties

Emerging markets specialist managers' ships are finally coming in after years — even decades — of growing these businesses.

Hedge Funds Hurt in May Commodity Rout

Galena Asset Management Ltd.’s metals fund dropped 2.6 percent in May, according to the company, and Brevan Howard Commodities Strategies Master Fund Ltd. fell 2 percent, according to a monthly report to investors obtained by Bloomberg.

NYSE Euronext Answers London Calling With Rival Exchange

Groupe Eurotunnel will be the first company to start trading on the NYSE Euronext London, from 19th July.

Reliance Trust Exceeds $100 Billion in AUM

Reliance Trust has announced that as of May 31, 2012, it has exceeded $100 billion in client assets under management and administration.

State Street Introduces 2 New Bond ETFs

The SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF seeks to track the performance of the BofA Merrill Lynch Emerging Markets Large Cap Senior Corporate Index

Sorrell appointed finance director at Man Group

He takes over Kevin Hayes, who joined Man in 2007 and is leaving the company to pursue other professional and personal interests, the company said.

CD&R among bidders for SocGen's TCW

The sources said that TCW, which oversees about $128 billion in assets, including the TCW and MetWest fund families, could fetch about $700 million.

Merriman Capital teams up with corporate cash manager Arboretum‎

Arboretum specializes in customized cash management solutions uniquely tailored to each client's risk profile, liquidity and return objectives.

SunGard’s Global Network Surpasses $400 Billion in Total Fund Assets

SGN Short-Term Cash Management portal is a global compliance, trading and research solution for institutional cash investors

California Hedge Fund Is Latest Europe Crisis Casualty

Hedge-fund manager Paul Sinclair is the latest casualty of Europe's sovereign-debt turmoil, almost six thousand miles away from the epicenter of the crisis.

Which is the world's most expensive city? Cost of living survey 2012

Tokyo is the world's most expensive city for expatriates according to the latest ranking by Mercer.

Bank of America plans $50-billion investment to go green

The Charlotte bank joins a number of other large banks in making similar commitments amid complaints that the bank finances coal extraction and mountaintop removal.

Estland and Partners Outsources to SEI‎

SEI's Institutional-Quality Infrastructure and Daily Reconciliation for Systematic Trading Key Factors in Firm's Decision

Hedge Fund Industry Assets to More than Double in 5 Years: Citi Prime Finance Survey

Institutions Expected to Increase Hedge Fund Allocations

The First North American Oil Sands ETF‎ launched

First U.S. Listed ETF to focus on global energy companies involved in Canada's oil sands

AllianceBernstein 4% decline in AUM

The 4% decline was due to negative investment returns, including the impact of foreign exchange movements, and modest net outflows in Institutions and Private Client, partially offset by Retail net inflows.

Goldman nears hedge fund admin unit sale

The combined business would oversee funds of close to $700 billion, although no formal agreement has been reached, the source added.

Deal or no deal, Morgan Stanley commodity trade shrinks

In the power markets, it is trading only one-fifth as much electricity as five years ago.

Deloitte announces significant investment in strategic markets

The investment program aims to expand client service and industry capabilities in select strategic markets, bolster the hiring and deployment of top talent, and cultivate innovative new services and multidisciplinary offerings.

Ex-Goldman Exec. Opens $500M P-E Fund

At Goldman Sachs, Yoon helped found the private-capital investing unit within the bank’s special situations group.

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