Money management

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  1. Jerome Kohlberg dies

    trueJerome Kohlberg Jr., 90, co-founder and special limited partner emeritus of private equity firm Kohlberg & Co., and one of the founders of alternatives investment firm KKR & Co., the firm that helped popularize the use of leveraged buyouts, died July 30.

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  1. Van Eck to take over 2 ETFs

    trueVan Eck Global is acquiring two exchange-traded funds from Yorkville ETF Advisors and Exchange Traded Concepts.

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  2. Judge allows challenge to SEC administrative hearing to continue

    trueA legal challenge to the SEC's handling of enforcement cases through administrative proceedings will be allowed to proceed, U.S. District Judge Richard Berman ruled Monday.

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  3. ITG names interim CEO

    trueJarrett Lilien on Monday was named interim CEO of brokerage and financial markets technology provider Investment Technology Group.

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  4. Stone Harbor boosts emerging markets debt team

    trueKumaran Damodaran joined Stone Harbor Investment Partners as a portfolio manager on its emerging markets debt team.

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  5. Columbia Threadneedle recruits national sales manager

    trueJim Bumpus was named U.S. national sales manager at Columbia Threadneedle Investments.

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  6. Credit Suisse bolsters institutional distribution

    trueHarald Reczek joined Credit Suisse as head of EMEA and Swiss distribution for its asset management business.

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  7. Financial Stability Board suspends plans on designating managers systemically important

    trueThe Financial Stability Board will wait to finalize the methodologies for delegating money managers as systemically important financial institutions until its work on risks from money management activities is complete, said the regulator.

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  8. Managers bemoan absence of EU 'passport'

    trueMoney management industry associations criticized a recommendation by the European Securities and Markets Authority not to grant U.S. managers an extension of a passport to market alternative investment funds in European Union countries.

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  9. Northern Trust expands Canadian investment outsourcing unit

    trueTrang Lam was named vice president and senior client investment officer for Northern Trust Asset Management’s multimanager investment outsourcing unit in Canada.

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  10. Legg Mason's assets dip despite inflows

    trueLegg Mason reported $699.2 billion in assets under management as of June 30, down 0.5% from three months earlier and down 1% from a year earlier, said the company's earnings statement released Friday.

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  11. Voya's multiasset deputy CIO resigns

    trueFrank van Etten, deputy chief investment officer of Voya Investment Management’s multiasset strategies and solutions team, is leaving.

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  12. OFR study: Form PF too wide for hedge fund risk reporting

    trueHedge funds reporting their risk exposures to the Securities and Exchange Commission use one method, Form PF, regardless of how dissimilar their risk profiles may be, but it can still help regulators measure market risk exposure with further stratification, said a study released Thursday by the ...

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  13. Summit Partners chief operating officer dies in plane crash

    trueJoseph F. Trustey, 53, a managing director and chief operating officer of private equity firm Summit Partners, along with his daughter Anna, died in a plane crash on Wednesday night.

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