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Goldman Sachs and Deloitte & Touche LLP announced they had finalized plans to unload a portion of a $7 billion structured investment vehicle, which was set up by U.K. hedge fund manager Cheyne Capital Management LLP, according to a recent report by Bloomberg.
June 20 -
When an employee leaves a firm, can they take their client list with them to their new job?
June 20 -
As JPMorgan Chase begins to remove the Bear Stearns name from its buildings, the firm is taking the opportunity to enhance its own brand identity, The New York Times writes.
June 16 -
Julius Baer Americas, a subsidiary of the Swiss wealth manager Julius Baer Holding Ltd., has changed its name to Artio Global Investors Inc.
June 16 -
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Fidelity Investments has hired Michael Wilens, a senior executive at Thomson Reuters, to head the mutual fund companys $1.5 trillion asset management division.
June 13 -
In a conference call Thursday morning, Boston-based Putnam Investments announced that Robert L. "Bob" Reynolds will succeed Charles E. "Ed" Haldeman to become the firm's president and chief executive officer. Haldeman plans to stay on board and will take on a new role as the chairman of Putnam Investment Management, LLC.
June 12 -
Financial services firms continue to battle against one another for wealth management talent even though companies are forced to pay hefty salaries that crimp profits.
June 11 -
Instead of reporting to Ayer, Mass., federal prison on Monday to serve a 20-year term for defrauding $450 million from investors in the failed Bayou hedge fund, Samuel Israel III has either committed suicide or left clues to make authorities believe he has.
June 10