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BNP Paribas hires equities director for institutional business
trueGuy Davies joined BNP Paribas Investment Partners as director-equities in its institutional business unit.
Northern Trust AUM dips for quarter, rises 9.1% for year
trueNorthern Trust Corp. reported total assets under management of $923.3 billion as of Sept. 30, a 0.1% decrease from three months earlier but up 9.1% from a year earlier, said its third-quarter earnings release Wednesday.
Compass iTech files suit against eVestment for 'campaign' against the firm
trueCompass iTech filed a lawsuit against eVestment for allegedly leading a “disruptive and destructive campaign” against the company and its data entry tool, ProFusion, following failed acquisition talks, said J.P. Hervis, Compass spokesman, in an e-mail.
SEC's compliance office makes conflicts of interest a top priority
trueConflicts of interest are a top priority for the Securities and Exchange Commission's office of compliance inspections and examinations, Andrew Bowden, OCIE director, told compliance professionals gathered at the NSCP Compliance Conference on Tuesday.
Evanston Capital Management names business development head
trueLance Donenberg was named principal and head of strategic business development at hedge funds-of-funds manager Evanston Capital Management.
DeAWM closes third secondary fund at $1.66 billion
trueDeutsche Asset & Wealth Management closed its DB Secondary Opportunities Fund III at its $1.66 billion hard cap.
Global, diversified managers in best position moving forward — report
trueImprovements in technology and regulatory reform have made geographical constraints even less of an issue in terms of capital management, resulting in the asset management industry becoming more global, a recent report by Goldman Sachs said.
BNY Mellon reports $1.65 trillion in AUM on strong LDI inflows
trueBank of New York Mellon reported $1.646 trillion in combined assets under management for its BNY Mellon Investment Management and wealth management businesses as of Sept. 30, up 1% from three months earlier and 7% higher than a year ago, the company reported in its earnings statement Friday.
Morgan Stanley's AUM inches up in quarter; revenue, income falls
trueMorgan Stanley Investment Management reported $398 billion in assets under management as of Sept. 30, up 0.5% from June 30 and up 11% from a year earlier, parent company Morgan Stanley's earnings statement revealed Friday.
Mercer's fiduciary management head to join Winton Capital
trueDaniel Melley will join London-based hedge fund Winton Capital Management, said a spokesman for the firm.
Money managers tame their expectations on the economy, survey shows
trueMore money managers are adopting a moderate outlook on U.S. economic growth, a quarterly survey by Northern Trust shows.
Blackstone's AUM up 15% for the year
trueBlackstone Group's assets under management totaled $284 billion as of Sept. 30, up 1.8% from $279 billion in the second quarter and up 15% from the previous year, the alternative investment firm reported Thursday.
Aviva Investors hires 2 for infrastructure team
trueVeronique Leroy was named head of infrastructure investment services at Aviva Investors, spokesman Steve Ainger said in an e-mail.
GSAM's assets, revenue flat from prior quarter; AUM up 15% for the year
trueGoldman Sachs reported $1.008 trillion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of Sept. 30, flat from three months earlier but up 15% from a year earlier, according to its third-quarter earnings statement issued Thursday.
IACPM: Credit default concerns rising outside North America
trueCredit portfolio managers are concerned about credit defaults potentially rising over the next 12 months, but see credit spreads remaining steady over the next three months, said a survey from the International Association of Credit Portfolio Managers.