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Silver Lake gains $4.5 billion on Alibaba IPO
truePrivate equity firms Silver Lake Partners, Asia Alternative Management and Siguler Guff, as well as Singapore sovereign wealth fund Temasek Holdings, have reaped billions of dollars in paper gains after Chinese e-commerce firm Alibaba Group Holding Ltd. went public Friday.
Hedge fund manager PEAK6 to go independent
truePEAK6 Advisors, which manages $2.3 billion in hedge fund assets, will spin out of parent company PEAK6 Investments on Sept. 30.
AXA Investment Managers taps business development manager
trueMartin Powis was named business development manager at AXA Investment Managers.
Money managers, markets relieved by Scotland's 'no' vote
trueScotland's “no” vote on independence was met Friday with a sense of relief among money managers and markets.
Alger celebrates the past by looking to future
trueFred Alger Management Inc. has a different way to celebrate its 50th anniversary.
GAO: Large partnerships avoid IRS scrutiny
trueCongress should consider requiring large partnerships such as private equity and hedge funds to take steps to make it easier for the Internal Revenue Service to audit them and collect taxes due, the Government Accountability Office said in a congressional report delivered Thursday.
Vanguard's head of European institutional business dies at 53
trueSimon Vanstone, head of European institutional business at Vanguard Group, died on Wednesday.
Bridgewater combines pure alpha and risk-parity beta in new strategy
trueBridgewater Associates introduced on Wednesday the firm's first new investment strategy since 1996.
PIMCO's emerging markets equity portfolio manager leaves
trueMaria “Masha” Gordon left PIMCO as head of the firm’s emerging markets.
Vontobel appoints emerging markets bond portfolio manager
trueValentina Chen was named a portfolio manager on Vontobel Asset Management’s emerging markets fixed-income team.
Norway city taps Storebrand as manager for new pension fund
trueThe municipal council in Asker, Norway, hired Storebrand Asset Management to run the operation and investment management of its newly established pension fund.
Old Mutual Global Investors adds head of Asian equities
trueJoshua Crabb will join Old Mutual Global Investors as head of Asian equities, effective Oct. 1.
European outlook brightens, manager survey finds
trueMoney managers' outlook on European equity markets improved in September, said Bank of America Merrill Lynch's monthly fund manager survey.
Prudential adds real estate portfolio manager in realignment
trueJames Glen joined Prudential Real Estate Investors as a principal and portfolio manager for its core U.S. real estate fund.
BlueBay Asset names macro alternatives strategy director
trueWike Groenenberg was named alternatives strategy director, macro, at BlueBay Asset Management.