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Memphis Light, Gas & Water rejects emerging markets debt hire, opts to stay in ETF
trueMemphis Light, Gas & Water Division decided not to hire any new emerging markets debt managers.
EMPEA: $30 billion in private capital raised for emerging markets in first 9 months
trueSome $30 billion of private equity, private infrastructure and private credit capital was raised in the first three quarters of this year for developing economies, compared to $51 billion of private capital raised for emerging markets in all of last year, said data released Wednesday by the ...
Sun Life Investment Management chooses new CIO
trueRandy Brown was named chief investment officer at Sun Life Financial, effective Jan. 11.
Federal judge issues another injunction against SEC administrative proceedings
trueIronridge Global Partners LLC became the latest investment firm to win a preliminary injunction against a Securities and Exchange Commission administrative proceeding, in a ruling issued by U.S. District Judge Leigh Martin May in Atlanta on Tuesday.
Beth Curry, co-founder Eagle Capital, dies at 74
trueBeth Curry, a former homemaker who co-founded Eagle Capital Management, a New York-based investment firm with $25 billion in assets, after returning to school for an MBA, has died. She was 74.
BlackRock shutters global macro fund
trueBlackRock has nearly finished closing its global macro hedge fund and returning money to investors.
Texas school district issues call for third-party administrator
trueFort Bend Independent School District, Sugar Land, Texas, is searching for a third-party administrator for its three retirement plans.
U.K. watchdog slates review of competition in money management
trueThe U.K. Financial Conduct Authority in 2016 will examine the value proposition of money managers, as well as the effect of investment consultants on institutional money management.
Barclays to pay additional $150 million for FX manipulation settlement
trueBarclays will pay an additional $150 million in a settlement with New York state’s banking regulator for manipulating foreign-exchange trading through the bank’s automated electronic system that allowed it to reject unprofitable trades.
Fisch Asset Management adds to convertible bond team
trueMartin Haycock joined Fisch Asset Management as product manager for convertible bonds.
Mercer extends its delegated investment solutions business to Japan
trueFumihiko Otsuka was named representative director and president of Mercer’s investment solutions business in Japan.
McKinsey: Manager AUM up 5% in 2014; profit margin back to pre-crisis level
trueNorth American money managers' assets under management reached an all-time high of $31 trillion in 2014, up 5% from the previous year, said a report from management consulting firm McKinsey & Co.
Martin Currie acquires Japan long/short fund; manager to lead hedge fund business
trueMartin Currie Investment Management will acquire the $167 million RIT PK Japan long/short hedge fund as well as the services of its veteran London-based manager, Paul Kirkby, who will lead a combined $425 million Japan long/short business for the firm.
Hamilton Lane names head of new Seoul office
trueSungji “Steve” An, a vice president on Hamilton Lane's business development team, was named official representative of the private markets investment firm's new office in Seoul.
BofA: Managers more optimistic, moving back to higher-risk allocations
trueMoney managers are increasing their allocations to higher-risk assets and reducing their cash holdings amid higher growth and inflation expectations, Bank of America Merrill Lynch’s latest monthly fund manager survey found.