Money management
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Fisher Investments opens subsidiary Down Under
Fisher Investments on Thursday announced it will create a wholly owned subsidiary in Australia.
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Copeland Capital names international equities chief
Erik B. Granade will join Copeland Capital Management this summer as head of international equities.
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Fink: BlackRock equity repurchase shows stocks are cheapBlackRock's repurchase of $1 billion in stock from Barclays demonstrates that equities are cheap compared with bonds, Laurence D. Fink, BlackRock chairman and CEO, said at his firm's annual meeting Thursday.
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Facebook brings its friends downMay was a month of great expectations for social media stocks with Facebook's initial public offering on May 18. However, the Global X Social Media index ETF is down 13% month-to-date through Wednesday. The fund's top three holdings - LinkedIn, Tencent Holdings and DeNA Co - are down 5.2%, 14% and
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J.P. Morgan hires former SEC enforcement chief to respond to investigations
William McLucas, former SEC enforcement chief, was hired by J.P. Morgan Chase to help respond to regulatory probes of the firm’s $2 billion trading loss.
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Waddell & Reed, BlackRock, Norway fund put pedal to metal for F1 stakeWaddell & Reed, BlackRock and Norges Bank Investment Management acquired a combined 21% equity stake in Formula One World Championship Ltd. for a total of $1.6 billion.
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Venor Capital chooses new business development exec
Eileen Mancera was named managing director for business development at event-driven hedge fund manager Venor Capital Management.
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Amundi takes 17.5% stake in TOBAM
Amundi has acquired a 17.5% equity stake in smart beta specialist TOBAM from the California Public Employees' Retirement System and TOBAM employees.
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J.P. Morgan trading loss hurt its retirement plans, lawsuit claims
J.P. Morgan Chase was sued by a former employee seeking to represent participants in the bank’s retirement plans who lost money on company stock the plan held after the bank reported a $2 billion trading loss.
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Fewer likes for Facebook as shares fall almost 11%
Facebook shares plunged Monday, with its stock falling about 11% below its IPO price of $38.