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Canadian managers looking south for expansion
trueCanadian institutional money managers, armed with lots of capital, have an appetite for acquiring their U.S.-based counterparts.
Working with a world view
trueAlternative investment firms' push for retail clients is a global one.
'Smart beta' term stays, but investor interest divided
trueDespite reluctantly accepting the phrase “smart beta” to define alternatively weighted index investing, U.S. institutional investors remain divided on how and when to embrace these strategies and products, particularly exchange-traded funds, in their investment allocations.
Cardano adds U.K. head of business development
truePhil Redding joined Cardano as U.K. head of business development, said a spokeswoman for the investment consultant and fiduciary manager.
Franklin Resources taps 2 as co-presidents
trueVijay C. Advani and Jennifer M. Johnson were named co-presidents at Franklin Resources, effective Oct. 1, said a company news release.
Money managers launch new ETFs to satisfy demand
trueMore active money managers are looking to launch exchange-traded funds as institutional investors' appetite for the funds continues to grow.
ICI: Mutual fund fees continue downward trend for 401(k) participants
trueAverage equity mutual funds fees paid by 401(k) participants dropped to 54 basis points in 2014, down four basis points from 2013.
Public pension funds join the exodus from Claren Road funds
trueInstitutions are prominent among the investors that will have collectively reduced hedge fund assets managed by Claren Road Asset Management by 75% in the year ending Sept. 30.
Principal Financial taps its president to take on CEO role
trueDaniel J. Houston was named CEO of Principal Financial Group.
Co-head of TPG's Asian business leaving to start own firm
trueBenjamin Gray, co-head of the Asian business at alternative investment firm TPG, is planning to leave the firm once the current $3.3 billion TPG Asia VI fund has been invested.
ETF providers step up to defend the status quo
trueThe Securities and Exchange Commission's solicitation of perspectives on the state of exchange-traded products produced a fruitful, if predictable, bounty of views from the asset management industry.
Glenmede Investment Management picks president
truePeter J. Zuleba III was named president of Glenmede Investment Management, a spokeswoman said.
Manulife Asset Management names institutional sales director
trueDario Di Napoli was named managing director, institutional sales at Manulife Asset Management.
SS&C to acquire Citigroup's hedge fund and private equity administration business
trueSS&C Technologies Holdings will acquire Citigroup's alternative investor services business for $425 million, subject to certain adjustments, an SS&C spokeswoman said.
Cornerstone Real Estate adds portfolio management, business development positions
trueJoy Winterfield was named managing director of global portfolio management and Albert Yang was named managing director and head of business development, Europe, at Cornerstone Real Estate Advisers.