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BATS Global names global head of exchange-traded products
trueLaura Morrison was named senior vice president, global head of exchange-traded products, at BATS Global Markets.
BlackRock's Fink gets $23.9 million payday for 2014
trueBlackRock Chairman and CEO Laurence D. Fink received a 4% pay increase from the year before, the company's proxy statement, released Friday, shows.
Morgan Stanley appoints new head of traditional asset management
trueMichael Levy was named managing director and head of traditional asset management at Morgan Stanley Investment Management, said an internal memo obtained by Pensions & Investments, the contents of which were confirmed by spokesman Matt Burkhard.
High-frequency trader Virtu Financial's shares soar on first day of trading
trueShares of Virtu Financial closed at $22.20 Thursday on the Nasdaq Stock Market, up 16.84% from the IPO price of $19 set Wednesday.
Blackstone AUM up 14% for year; first alternative manager to top $300 billion
trueBlackstone Group's total assets under management were up 14% year-over-year and up 7% quarter-over-quarter to $310.45 billion as of March 31, making the firm the first alternative investment manager to surpass $300 billion in assets under management, the alternative investment firm's first-quarter ...
GSAM's assets flat in quarter, up 8% for year
trueGoldman Sachs reported $1.029 trillion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of March 31, flat from three months earlier but up 8% from a year earlier, said its first-quarter earnings statement issued Thursday.
Greenwich: Institutional investors calling on social media for investment decisions
trueInstitutional investors are turning to social media to help inform investment decisions and shape conversation around allocations, said a new Greenwich Associates study.
BlackRock AUM gains 3% on positive flows across all asset classes, regions
trueBlackRock's assets under management totaled $4.774 trillion as of March 31, up 3% from three months earlier and up 1.4% from a year ago, BlackRock's earnings statement released Thursday shows.
AllianzGI taps former BlackRock director to head U.K. institutional client services
trueJoanne Wheatley joined Allianz Global Investors as head of U.K. institutional client services, a spokesman said.
Northern Trust: Managers remain optimistic on U.S., see opportunities in Europe
trueMoney managers believe the U.S. economy will remain stable over the next six months, but fewer managers expect U.S. corporate earnings growth to accelerate than the previous quarter.
Ken Fisher plans to relinquish title as CEO of firm
trueKenneth L. Fisher will relinquish by the end of next year the top executive role at the investment firm he founded in 1979, Fisher Investments, which now manages $60 billion in assets.
DOL grants BNP Paribas money management exemption
trueBNP Paribas can continue providing money management services to U.S. retirement plans, despite the parent company's June 2014 guilty plea to violating U.S. sanctions in several countries.
State Street teams up with 2 universities for research center focused on financial risk
trueState Street Global Exchange announced Wednesday it is collaborating with the University of California Berkeley and Stanford University’s Center for Financial and Risk Analytics in to establish a new research center focused on economic and financial risk.
RidgeWorth adds managing director as part of international push
trueRahul Shah was named managing director, sovereign wealth and official institutions, at RidgeWorth International, based in London.
Maitland acquires U.K. fund administrator Phoenix Fund Services
trueMaitland, an advisory, fund administration and fiduciary services firm, acquired U.K.-based fund administrator Phoenix Fund Services, marking its entry into the U.K. fund administration market.