Money Management Executive Latest News

Money manager Neuberger Berman has agreed to pay $200 million for a diversified portfolio of 21 private equity investments from a European office.

Mutual funds and exchange-traded funds increased asset flows in November, according to a report by Morningstar Inc.

A pension fund has sued Goldman Sachs Group Inc. for its use of bonuses to employees during the first nine months of the year. The lawsuit was filed in state court in New York.

The alternative investment services unit of Bank of New York Mellon is launching a service that will confirm the values of assets that hedge funds hold.

Despite still being down from peak highs two years ago, hedge funds attracted $150 billion in new assets in the first nine months of this year, according to a quarterly report by Barclays Capital's prime services division.

Affiliated Managers Group, a Boston asset manager, announced Monday that it has agreed to acquire Highbury Financial, an investment management holding company based in New York.

TD Waterhouse has become the first execution only brokerage firm in the U.K. to offer its investors holding their shares in nominee form the right to receive proxy materials and vote electronically.

The Securities and Exchange Commission has announced the Fair Fund distribution of approximately $418 million to more than a million investors who were harmed by market timing activities in certain Invesco mutual funds managed by Invesco Funds Group, Inc.

John Hancock Funds announced Monday it has completed the adoption of Fiduciary Management Associates' FMA Small Company Portfolio, and has launched it as the new John Hancock Small Company Fund.

BlackRock Inc. announced in a regulatory filing that it plans to introduce a portfolio to give high-net-worth investors access to difficult-to-obtain hedge funds.