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ING not a bellwether for asset manager IPOs
Money manager IPO activity should be strong this year, despite the pricing of the May 2 ING U.S. initial public offering below its initial range.
PineBridge Investments adds CIO for Middle East, North Africa and Turkey
Wael Aburida has joined PineBridge Investments as chief investment officer, leading its Middle East, North Africa and Turkey team.
Deutsche taps Lightyear Capital private equity exec to be new head of Americas
Jerry Miller was named managing director and head of Americas at Deutsche Asset & Wealth Management.
Horizon Cash Management promotes CIO to president
Michael Markowitz was named president at Horizon Cash Management, replacing
Allianz assets rise 4.4% in quarter, 17% for 12 months
Allianz SE, parent company of PIMCO and Allianz Global Investors, reported total assets under management of €1.934 trillion ($2.489 trillion) in the quarter ended March 31.
LIBOR investor suit against Barclays dismissed by U.S. judge
Barclays PLC won dismissal of a lawsuit by holders of its American depository receipts who claimed the U.K. bank misled shareholders about its manipulation of the London interbank offered rate.
Ex-BlackRock portfolio manager arrested in U.K. probe — sources
Mark Lyttleton, a former BlackRock managing director and portfolio manager, has been arrested as part of an insider-trading probe by the U.K. Financial Conduct Authority, two people familiar with the matter said.
Succession planning is a key area of focus for managers
Succession planning is a key element of an investor's due diligence process and, while it has always been important, it has become increasingly more so in recent years as more industry leaders near retirement age.
Level Global Investors co-founder sentenced to 6½ years in prison
Level Global Investors co-founder and portfolio manager Anthony Chiasson was sentenced Monday by U.S. District Judge Richard Sullivan in New York to serve 78 months in prison and to pay a $5 million fine.
Manulife recruits 2 emerging markets debt specialists from Federated
Roberto Sanchez-Dahl and Paolo H. Valle were named managing directors and senior portfolio managers of the $2.35 billion John Hancock Emerging Markets Debt strategy, at Manulife Asset Management.
AXA Investment Managers names institutional development and relations director
Lawrence Remstedt was named director of institutional development and relations at AXA Investment Managers.
Equities: Energy strategies give some firms the edge in quarter
Energy strategies made up the largest portion of the top equity performers for the year ended March 31 as investment performance as a whole vastly improved, according to Morningstar Inc.'s separate account/collective investment trust database.
Fixed income: High-yield bonds still dominate, but sector loses some ground
High-yield bonds led the way in the top 10 overall fixed-income rankings for the year ended March 31, but not with the domination they displayed in prior quarters, according to Morningstar Inc.'s separate account/collective investment trust database.
Legal & General expanding its market focus
Legal & General Investment Management has been expanding through what might be dubbed as a grave-to-cradle approach to pension funds.
Equity market jump helps bottom lines of money managers
Rising equity markets helped large publicly traded money managers such as Invesco Ltd., Affiliated Managers Group Inc. and Franklin Resources Inc. gain higher-fee inflows in the first quarter of 2013, but it's far from clear whether that could signal a groundswell toward stocks and away from ...