With a strong market capitalization and bright management team in place, the stock of Wridgways Australia Ltd., a trucking and courier company, looked quite attractive to Steven Rogé , co-portfolio manager of the Rogé Partners Fund.
Assets in 130/30-type strategies climbed 77% during the six-month period ended Sept. 30, topping $53 billion, from $30 billion, according to a survey conducted by sister publication Pensions & Investments.
We formed Geller Capital Management LLC in March 2000 with the intention of offering clients a classic growth strategy and a hedged strategy — but that plan was short lived.
U.S. employers added 166,000 workers in October, a sign that the jobs picture remains strong in the face of a housing collapse and the credit crunch.
Sources say the firm has been asking hedge funds to take on mortgage-related securities.
Millions have the potential to realize additional tax savings by donating securities with long-term appreciation.
The layoffs are part of a global restructuring plan that will cut down on expenses, Aon said in a filing with the SEC.
Sun Life Financial’s U.S. division received the Life Office Management Association Educational Achievement Award.
Americans were making more and spending less in the month of September, according to two reports from the Department of Commerce.
Real gross domestic product out-performed economists’ expectations, rising 3.9% in the third quarter.
Pershing has added Calamos Asset Management to its FundVest no-transaction-fee mutual fund platform.
Citigroup Inc. will buy Carlton Hill Global Capital, a New York-based fixed-income money manager.
To serve RIAs, FundQuest has added Russell products to its managed accounts platform.
August home prices slumped for the eighth consecutive month and consumer confidence took a downward turn in September.
The new not-for-profit organization will called LL Global Inc., providing a unified management structure.
The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
RIA firms racked up $1.4 trillion in assets this year, compared to $950 billion in assets in 2005.
Americans are in denial about their finances. Federal data show that they spend like there's no tomorrow. Our middle class is among the most affluent in history, but many live paycheck to paycheck, their futures mortgaged to fund their increasingly expensive amusements.
He will replace Raj Singh, who will take a new position at the Swiss Reinsurance Co.
Age-based mutual funds appear to have firmly cemented a commanding position as the investment option of choice in Section 529 college savings plans, according to industry executives at the annual 529 Technical Conference in Las Vegas last week.
