Asset Management and Custody Banks
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Brazil seeking vehicle for pension funds to invest in projects. BRASILIA, May 21- Brazil is sweetening terms for major infrastructure contracts to whet investor appetite and draw private capital and expertise needed to upgrade its deficient roads, railways and ports, the man in charge of planning the projects said on Tuesday.
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WASHINGTON, Feb 17- Thousands of protesters gathered on the Washington's National Mall on Sunday calling on U.S. Among the celebrities on hand were actresses Rosario Dawson and Evangeline Lilly, and hedge fund manager and environmentalist Tom Steyer.
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While Fidelity's assets under management rose 10 percent to $1.67 trillion, Vanguard's assets surged to $2 trillion, a 20 percent increase over 2011. Assets under management at BlackRock Inc, the world's largest money manager, rose 8 percent to nearly $3.8 trillion in 2012..
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LONDON, Feb 15- European shares nudged lower on Friday, held back by weak utilities and banks, though strategists reckoned that any dips in the equity markets should be seen as a buying opportunity.
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Silver Lake partnered with technology billionaire Michael Dell earlier this month to take his eponymous PC maker private for $24.4 billion in the largest leveraged buyout since the financial crisis.
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TOKYO, Feb 15- Japanese financial services firm Orix Corp will buy Dutch asset manager Robeco from its owner Rabobank for about 240 billion yen in a cash and stock deal, sources familiar with the matter said on Friday.
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Feb 14- Hedge fund heavyweights from Leon Cooperman's Omega Advisors to Barry Rosenstein's Jana Partners threw in the towel on Apple Inc in the fourth quarter, while other managers found discount retailers Dollar General Corp and Dollar Tree Inc attractive, regulatory filings showed on Thursday.
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Carl Icahn bought 14 million shares of Herbalife, making a major bet against Pershing Square's Bill Ackman, who is short the stock. The two had an epic showdown on CNBC last month .
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NEW YORK, Feb 14- Outside investors in Steven A. Cohen's SAC Capital Advisors have until the end of the day to decide if they still love the embattled billionaire hedge fund manager.
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BOSTON, Feb 14- Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.
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Some of the biggest hedge funds that helped make Apple a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.
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BOSTON, Feb 14- Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.
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NEW YORK, Feb 14- Outside investors in Steven A. Cohen's SAC Capital Advisors have until the end of the day to decide if they still love the embattled billionaire hedge fund manager.
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BOSTON, Feb 14- Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.
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Hahn worked in Boston for Deutsche Bank's private wealth management division, a unit of Deutsche Bank AG, from 2008 to 2009. FINRA permanently barred him from the securities industry last year after a series of customer and regulatory complaints, according to a public disclosure report.
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Hahn worked in Boston for Deutsche Bank's private wealth management division, a unit of Deutsche Bank AG, from 2008 to 2009. FINRA permanently barred him from the securities industry last year after a series of customer and regulatory complaints, according to a public disclosure report.
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BOSTON, Feb 13- Newly-named Legg Mason Inc chief executive Joseph Sullivan on Wednesday vowed to staunch the outflow of investor money from its funds and to renew relations with its investment units- two critical steps to rebuilding the Baltimore- based asset manager.
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NEW YORK, Feb 13- Apple Inc on Wednesday was hit by another shareholder lawsuit, a case that is similar to the court challenge that star hedge fund manager David Einhorn brought as part of his push to unlock the company's cash hoard.
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Feb 13- Asset manager Legg Mason Inc named Joseph Sullivan as its permanent chief executive officer on Wednesday, picking an insider to staunch outflows from its funds and smooth relations with its autonomous investment units. Baltimore- based Legg Mason had been seeking a new CEO since Mark Fetting stepped down under pressure last fall.
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Feb 13- Asset manager Legg Mason Inc on Wednesday named Joseph Sullivan as its permanent chief executive, picking an insider to staunch outflows from its funds and smooth relations with its autonomous investment units. Legg Mason of Baltimore had been seeking a new CEO since Mark Fetting stepped down under pressure last fall.
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AMSTERDAM, Feb 13- Japanese financial services firm Orix Corp 8591. T said it is in talks to buy Dutch asset manager Robeco from its owner Rabobank as a local newspaper reported the companies are close to reaching a deal.