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GAO: Room for improvement in FSOC process
trueThe Financial Stability Oversight Council process for designating systemically important non-bank financial institutions, or SIFIs, could have more accountability and transparency, said a report issued Thursday by the Government Accountability Office.
Dutch manager MN to cut 200 jobs as part of 4-year 'efficiency' program
trueDutch money manager MN has launched a four-year cost-cutting and efficiency program in the Netherlands that will include the loss of more than 200 full-time jobs, said a spokeswoman for the firm.
Insight Investment picks institutional head for North America
trueVictoria May was named head of institutional for North America at Insight Investment, a spokeswoman said.
Amundi appoints deputy CEO for alternatives business
trueMichael Hart joined Amundi’s alternative investment unit as deputy CEO and global head of business development, a spokeswoman said.
Standard Life Investments boosts multiasset team
trueChris Faulkner-MacDonagh and Alex Wolf joined Standard Life Investments’ multiasset global strategy team, a spokeswoman said.
Securian acquires majority interest in Asset Allocation & Management Co.
trueSecurian Financial Group agreed to purchase a majority interest in Asset Allocation & Management Co. from a private equity fund managed by Stone Point Capital and related investors.
BlueBay shuts macro hedge fund as portfolio manager leaves to start own venture
trueBlueBay Asset Management is closing its $1.4 billion macro hedge fund after a senior portfolio manager left the London-based firm to start his own venture.
Northern Trust hires 2 for multimanager, consultant relations teams
truestrong>Armand Yambao was named pension risk strategist on Northern Trust's multimanager solutions team.
Columbia joins Blackstone in retail hedge fund initiative
trueColumbia Management, which oversees more than $350 billion, is joining with Blackstone Group to increase retail investors' access to hedge fund strategies.
Lazard Asset Management recruits emerging markets and multiasset manager
trueRupert Hope has joined Lazard Asset Management as a director and portfolio manager.
Martin Leibowitz wins IAQF/SunGard Financial award
trueMartin L. Leibowitz was named winner of the 2014 IAQF/SunGard Financial Engineer of the Year Award, said a joint news release from the organizations.
BofA: Managers more confident in global growth, Japanese equities
trueMoney managers outlook on global growth improved in November, said Bank of America Merrill Lynch’s monthly fund manager survey.
Oceanwood Capital closes Opportunities Fund to new investors
trueOceanwood Capital Management closed its main Opportunities Fund to new investors Monday after reaching $2 billion in assets.
Pioneer Investments recruits fixed-income client portfolio manager
trueCraig Anzlovar was named fixed-income client portfolio manager at Pioneer Investments.
FSOC process necessary, Dodd says
trueThe Financial Stability Oversight Council's mission to identify systemically important non-bank financial institutions is necessary, former Sen. Christopher J. Dodd said Tuesday at an event marking the fourth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act.