Portfolio

Ready Or Not, SIFIs Are Coming

Patrick Morris is a veteran hedge fund manager who has come in from the cold.

On April 16, Knoxville, Tenn.-based BPV Wealth Management changws its name to reflect its rapid growth in the asset management business.

On April 16, 2012, a NYSE spokesperson confirmed that J.P. Morgan Commodity ETF Services has filed with the U.S. Securities & Exchange Commission to list on the NYSE Arca an exchange-traded fund based on physical ownership of copper.

On April 14, Touchstone finalized its deal with Old Mutual.

On April 16, 2012, a T. Rowe Price spokesperson confirmed that Robert Gensler, portfolio manager of the T. Rowe Price Global Equity Strategy, which includes the roughly $590 million Global Stock Fund, will retire from the firm on December 31.

Genworth Financial Wealth Management launched a program offering its advisors access to capital to fund acquisitions and retirement.

Money market funds bled $114 billion in the first quarter, the biggest quarterly outflow since the second quarter of 2010, according to a report released by Morningstar.

Patrick Morris is a veteran hedge fund manager who has come in from the cold.

On April 16, 2012, Federated Investors, Inc. has completed its purchase of the London-based liquidity and fixed-income product manager Prime Rate Capital Management.