Money management

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  1. Money manager M&A deals down, but value up in first half — report

    trueMoney manager mergers and acquisitions totaled 66 in the first six months of 2014, down 12% from the first half of 2013, said a quarterly Sandler O'Neill + Partners report issued Tuesday.

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  1. Zell slams Pershing Square CEO over Herbalife action

    trueSam Zell ripped into William Ackman, CEO of Pershing Square Capital Management, for seeking to run down Herbalife Ltd. to bolster the hedge fund’s short position.

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  2. Hedge funds, banks come under fire for basket options

    trueRenaissance Technologies, Barclays Bank PLC, and Deutsche Bank AG were criticized Tuesday for misusing structured financial products to avoid taxes and banking leverage limits.

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  3. Napier Park returns hedge fund assets to Citigroup

    trueSpecialist credit manager Napier Park Global Capital has returned assets invested in its hedge funds to its former parent company, Citigroup.

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  4. Niagara County seeking provider for 457 plans

    trueNiagara County, Lockport, N.Y., is searching for a bundled provider for two 457 plans.

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  5. APG taps new CIO

    trueEduard van Gelderen was appointed chief investment officer at APG Asset Management.

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  6. SSgA records 4.2% hike in AUM for quarter

    trueState Street Global Advisors had $2.48 trillion in assets under management as of June 30, up 4.2% from three months earlier and 15.6% higher than a year ago, said parent company State Street Corp.'s earnings announcement Tuesday.

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  7. Artisan Partners assets rise 4.3% in second quarter

    trueArtisan Partners Asset Management reported $112 billion in assets under management as of June 30, according to its second-quarter earnings release Monday.

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  8. New York State Common Retirement Fund drops Cap Guardian for emerging markets equity

    trueNew York State Common Retirement Fund, Albany, terminated Capital Guardian as manager of a $430 million emerging markets equity portfolio, said information on the website of state Comptroller Thomas DiNapoli, sole trustee of the $176.2 billion pension fund.

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  9. Lazard adds exec for new small-cap growth strategies

    trueFrank Sustersic was named a director and portfolio manager at Lazard Asset Management, said a Lazard news release.

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  10. World Asset Management taps institutional sales chief

    trueRobert L. Hudon was named vice president and director of institutional sales of World Asset Management, said Kathleen Pitton, spokeswoman for the firm’s parent, Comerica Bank.

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  11. The search for that perfect subadvisory match

    trueAs institutional asset owners demand more outcome-oriented solutions, money managers increasingly are seeking out specialty or niche firms to help them subadvise their assets.

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  12. Multistrategy focus fuels 15% growth in subadvisory relationships

    trueThe move by institutional investors toward multistrategy investment solutions is helping propel growth in money managers' subadvisory business.

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  13. Texas pension fund executive discusses ins and outs of ETFs

    trueNot long after Leighton Shantz joined the $26 billion Employees Retirement System of Texas, Austin, as director of fixed income in April 2012, his review of the nearly $6 billion bond portfolio called for a shift in strategy. Moving to a bifurcated mandate of “rates” and “credit,” however, would ...

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