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Allstate Investments outlines real estate strategy at ULI conference
trueAllstate Investments has altered its real estate investing strategies while also becoming net sellers of properties, bringing the size of its real estate portfolio down to $3.5 billion from $4 billion, said Edgar B. Alvarado, group head, real estate equity for the manager’s $85 billion insurance ...
Andrew Carter, father of active bond management, dies at 74
trueAndrew M. Carter — the father of active bond management who also created the first bond index fund and was considered “one of the finest math guys” in fixed income — built a clientele of some of the biggest corporate pension funds and worked at leading fixed-income investment advisory companies as ...
Fifth Street backs off IPO plans
trueFifth Street Asset Management announced on Wednesday it plans to withdraw an initial public offering that was intended to raise $200 million.
Towers Watson launches non-profit think tank to improve investment industry
trueTowers Watson is launching a global, non-profit think tank comprising asset owners, investment managers and other services providers that will focus on improving the investment industry for end savers.
SEC rejects applications for non-transparent ETFs
trueThe Securities and Exchange Commission has declined an appeal by active fund managers to allow ETFs to trade without disclosing their underlying holdings.
SSgA appoints chief portfolio strategist
trueLori Heinel was named chief portfolio strategist at State Street Global Advisors.
BNP Paribas hires equities director for institutional business
trueGuy Davies joined BNP Paribas Investment Partners as director-equities in its institutional business unit.
Northern Trust AUM dips for quarter, rises 9.1% for year
trueNorthern Trust Corp. reported total assets under management of $923.3 billion as of Sept. 30, a 0.1% decrease from three months earlier but up 9.1% from a year earlier, said its third-quarter earnings release Wednesday.
Compass iTech files suit against eVestment for 'campaign' against the firm
trueCompass iTech filed a lawsuit against eVestment for allegedly leading a “disruptive and destructive campaign” against the company and its data entry tool, ProFusion, following failed acquisition talks, said J.P. Hervis, Compass spokesman, in an e-mail.
SEC's compliance office makes conflicts of interest a top priority
trueConflicts of interest are a top priority for the Securities and Exchange Commission's office of compliance inspections and examinations, Andrew Bowden, OCIE director, told compliance professionals gathered at the NSCP Compliance Conference on Tuesday.
Evanston Capital Management names business development head
trueLance Donenberg was named principal and head of strategic business development at hedge funds-of-funds manager Evanston Capital Management.
DeAWM closes third secondary fund at $1.66 billion
trueDeutsche Asset & Wealth Management closed its DB Secondary Opportunities Fund III at its $1.66 billion hard cap.
Global, diversified managers in best position moving forward — report
trueImprovements in technology and regulatory reform have made geographical constraints even less of an issue in terms of capital management, resulting in the asset management industry becoming more global, a recent report by Goldman Sachs said.
BNY Mellon reports $1.65 trillion in AUM on strong LDI inflows
trueBank of New York Mellon reported $1.646 trillion in combined assets under management for its BNY Mellon Investment Management and wealth management businesses as of Sept. 30, up 1% from three months earlier and 7% higher than a year ago, the company reported in its earnings statement Friday.
Morgan Stanley's AUM inches up in quarter; revenue, income falls
trueMorgan Stanley Investment Management reported $398 billion in assets under management as of Sept. 30, up 0.5% from June 30 and up 11% from a year earlier, parent company Morgan Stanley's earnings statement revealed Friday.