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After a rough 2008 in which almost 1,500 portfolios closed, hedge funds and bank trading desks are hiring again, and the top managers are being snatched up quickly, Reuters reports.
August 27 -
Securities and Exchange Commission Chairman Mary Schapiro has named James L. Kroeker as the chief accountant in the SEC's Office of Chief Accountant.
August 26 -
JPMorgan Asset Management has named former Fortis Investment manager Pierre-Yves Bareau to lead its emerging markets debt unit, following last week's departure of two long-time emerging market bond managers at JPMorgan.
August 26 -
Broadridge Financial Solutions and DeltaConcept, a global provider of portfolio management solutions, have aligned to launch a Switzerland-based platform that provides front-to-back integrated solutions for private banks and asset managers.
August 26 -
UMB Financial Corp. is installing Advantage Fee software from Fiserv Inc. to streamline billing activities in its investment management units, Fiserv said.
August 25 -
Wall Street's M&A business for asset management companies will be fueled by strategic expansion purchases and corporate divestitures over the coming year, according to a new survey by Jefferies Putnam Lovell.
August 24 -
Fidelity Investments said its assets under management have grown 9% since the end of 2008 to $1.4 trillion and that combining assets administered, it oversees $2.8 trillion, up 9% in that time.
August 20 -
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