06/21/2012
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.
06/19/2012
Reliance Trust has announced that as of May 31, 2012, it has exceeded $100 billion in client assets under management and administration.
06/19/2012
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.
06/18/2012
The sources said that TCW, which oversees about $128 billion in assets, including the TCW and MetWest fund families, could fetch about $700 million.
06/13/2012
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.
06/11/2012
The combined business would oversee funds of close to $700 billion, although no formal agreement has been reached, the source added.
06/08/2012
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.
06/07/2012
The firm currently has no plans to sell the business or a minority stake in it, said one of the people, who asked to remain anonymous because the talks were private.