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Returns fail to boost hedge fund inflows — eVestment
Despite solid investment returns, net inflows into hedge funds year-to-date April 30 have been flat at 0.2%.
Johnson Associates: Incentive compensation for money managers expected to rise 10% to 15%
Incentive compensation in the money management industry is expected to increase 10% to 15% in 2013, sparked by gains in assets under management and positive net flows.
San Francisco City & County adds board interview to hiring process
Money managers that are finalists to manage investments for the $17.19 billion San Francisco City & County Employees' Retirement System will have to jump through one additional hoop before they can close the deal: an interview with the seven-member board.
Providence Equity taps global head of business development
Renee Beaumont joined Providence Equity Partners as managing director and global head of business development.
Market Strategies acquires Cogent Research
Market Strategies International acquired Cogent Research, a marketing research firm focusing on financial services.
Ashmore research chief Jerome Booth retires
Jerome Booth has retired as head of research at Ashmore Investment Management, the London-based emerging markets specialist shop.
ING not a bellwether for asset manager IPOs
Money manager IPO activity should be strong this year, despite the pricing of the May 2 ING U.S. initial public offering below its initial range.
PineBridge Investments adds CIO for Middle East, North Africa and Turkey
Wael Aburida has joined PineBridge Investments as chief investment officer, leading its Middle East, North Africa and Turkey team.
Deutsche taps Lightyear Capital private equity exec to be new head of Americas
Jerry Miller was named managing director and head of Americas at Deutsche Asset & Wealth Management.
Horizon Cash Management promotes CIO to president
Michael Markowitz was named president at Horizon Cash Management, replacing
Allianz assets rise 4.4% in quarter, 17% for 12 months
Allianz SE, parent company of PIMCO and Allianz Global Investors, reported total assets under management of €1.934 trillion ($2.489 trillion) in the quarter ended March 31.
LIBOR investor suit against Barclays dismissed by U.S. judge
Barclays PLC won dismissal of a lawsuit by holders of its American depository receipts who claimed the U.K. bank misled shareholders about its manipulation of the London interbank offered rate.
Ex-BlackRock portfolio manager arrested in U.K. probe — sources
Mark Lyttleton, a former BlackRock managing director and portfolio manager, has been arrested as part of an insider-trading probe by the U.K. Financial Conduct Authority, two people familiar with the matter said.
Succession planning is a key area of focus for managers
Succession planning is a key element of an investor's due diligence process and, while it has always been important, it has become increasingly more so in recent years as more industry leaders near retirement age.
Level Global Investors co-founder sentenced to 6½ years in prison
Level Global Investors co-founder and portfolio manager Anthony Chiasson was sentenced Monday by U.S. District Judge Richard Sullivan in New York to serve 78 months in prison and to pay a $5 million fine.