Results for "money managers"

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Evercore hires Jewelle Bickford to help expand wealth advisory

August 13, 2013

Evercore Partners Inc., the investment bank founded by former U.S. Deputy Treasury Secretary Roger Altman, hired Jewelle Bickford as a partner in its wealth-management unit. Bickford was a senior strategist at GenSpring Family Offices, New York-based...

Why Modern Portfolio Theory is frozen in time

August 19, 2016

Ready for a quick pop quiz? What do the following five items have in common? The first KFC franchise; the beginning of the diet soda era; Modern Portfolio Theory; the first video recording; and the treadmill's predecessor. To save you a little...

Legg Mason close to naming new CEO: Report

February 11, 2013

Legg Mason Inc. (LM) is rumored to be close to announcing a new chief executive at some point this week, wrapping up a five-month search and putting interim CEO Joseph Sullivan into a new role in the company. Representatives at the Legg Mason...

Adding Concordia, Mariner buoys alternatives biz

January 15, 2013

Mariner Investment Group LLC is beefing up its alternative asset management capabilities by merging with Concordia Advisors. Mariner, which has $10.2 billion under management, will absorb the $1 billion Concordia firm. Terms were not disclosed,...

Independents to launch consumer education push

October 15, 2012

Advizent LLC is asking custodians and asset managers to help it fund a consumer education campaign to promote independent advice and the Advizent brand. Advizent, a nascent branding cooperative for independent advisers that was co-founded by...

Ameriprise said near deal for ING asset management unit

September 26, 2012

Ameriprise Financial Inc. (AMP), the Minneapolis-based insurer and money manager founded in 1894, is in advanced talks to buy most of ING Groep NV (INGA)'s asset management business in Asia, two people with knowledge of the matter said. The...

The largest money managers

June 17, 2012

Rank Name U.S. institutional tax-exempt AUM ($M) 1 BlackRock Inc. $831,742.0 2 State Street Global Advisors $694,512.0 3 Fidelity Investments $573,538.8 4 Northern Trust Global Investments $460,000.0 5 Vanguard Group Inc. $451,692.0 6 TIAA-CREF...

Struggling active managers face the reckoning

June 8, 2016

Active investment managers have done a pretty poor job of beating their benchmarks. And to add insult to injury, AllianceBernstein CEO Peter Kraus says the $30 trillion industry may need to cut assets by as much as a third. One of Dodd-Frank's...

Cetera brings in money managers to advise reps

October 9, 2011

Cetera Financial Group Inc. is launching a mutual fund/ETF advisory program that will give financial advisers in the firm's three broker-dealers access to institutional services and advice from three major money managers. Wilshire Associates...

Private exchanges are looking to lure money managers

May 1, 2011

Executives at illiquid-asset exchange SecondMarket Inc. want traditional money managers to use their company. “Asset managers are at the top of our target list,” said Jeremy A. Smith, chief strategy officer and head of the private-partnerships...

Calamos Investments patriarch gives up CEO title

March 18, 2016

Longtime Calamos Investments leader John Calamos Sr. will relinquish the CEO title next month after struggling for two years to reverse a decline in the company's business and stock price. Mr. Calamos, 75, will be replaced on April 4 by New...

Eliminating fear as a factor

December 6, 2009

In his 38 years in the business, I. Craig Hester has never seen clients as scared as they were during the market downturn. “Many times, I thought I had witnessed the emotion of fear — in 1987 and again on 9/11. It turns out, relatively speaking,...

Money manager and radio personality charged with foreign-currency fraud

December 6, 2009

The Securities and Exchange Commission has obtained an emergency court order freezing the assets of a Minneapolis money manager and a nationally syndicated radio personality for allegedly operating a foreign-currency-trading scheme. Patrick...

A rosy quarter for assets under management

November 15, 2009

The latest quarter was an enormous relief for many major money managers, which reported gains in assets under management for the three-month period ended in September, though several still saw declines from a year earlier. Affiliated Managers...

Back in the game: Gary Black, former Janus CEO, launches investment shop

October 23, 2009

Gary Black, former CEO of Janus Capital Group, launched a new money management firm, Black Capital Management, in New York. In a telephone interview, Mr. Black said his firm, which will be SEC registered, will offer traditional long-only as...

Stock jockeys feeling bullish, Russell finds

June 23, 2009

Investment managers are gathering into a bull stampede, according to the latest findings from Russell Investments. The Investment Manager Outlook, a quarterly survey of approximately 300 institutional money managers, found that while most managers...

AllianceBernstein vet tapped as GMO’s first CEO

February 12, 2009

Marc Mayer, a 20-year veteran of AllianceBernstein LP, was tapped as the first chief executive of GMO LLC, a spokesman confirmed today. His arrival in March will mark a departure from the collective-management structure that has characterized...

American Century plucks Lehman money managers

January 13, 2009

American Century Investments has hired two former money managers from Lehman Brothers Asset Management, a unit of Lehman Brothers Holdings Inc. of New York. John Lovito and Federico Garcia Zamora recently joined the firm as co-portfolio managers...

S&P Ratings gives BlackRock an A+

August 28, 2008

Standard & Poor's Ratings Services has increased its ratings for BlackRock Inc.'s long-term corporate credit rating and its short term rating, due to the New York-based money manager's “strong operating performance” during the “current challenging...

Massachusetts pension board fires five managers

August 7, 2008

The Massachusetts Pension Reserves Investment Management Board fired five managers , including Legg Mason Capital Management, a subsidiary of Legg Mason Inc. of Baltimore, for inconsistent performances and high-tracking errors. Others fired...

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