New Hire Roundup: Altegris Names Jack Rivkin CIO
Meanwhile, Convergent welcomed Richard Wells and the Senate Finance Committee approved three nominees for federal positions.
JPMorgan, Goldman Top First-Half Dealmaking
The research firm Mergermarket reports on Q1 and Q2 results.
Pharma Patent Ruling Pinches Opportunities in Emerging Markets
The decision by an Indian court not to grant a new patent to Novartis for a modified form of its cancer drug Glivec was a heavy blow to the company.
JPMorgan Tops M&A Charts for Q1
BofA comes in third as Morgan Stanley sees its mergers business drop, according to Mergermarket.
Ouch! DoubleLine Raids TCW Again for More Talent
The focus has now turned to equity analysts, as the fixed-income shop makes a push to broaden its investment horizons.
New Hire Roundup: BlackRock Names Shedlin CFO
This week in new hires, Gary Shedlin was named CFO of BlackRock, and Mary Justice was named Seattle market leader for the Private Client Reserve of U.S. Bank.
Jefferson National Adds Alternative Investments to Help ‘Fiscal Cliff’ Anxiety
More than 68% of advisors have increased their use of alternative investments.
Dutch Bailouts of ING, ABN Amro ‘Large Errors’: Committee
A parliamentary committee in the Netherlands said that the country’s government made “large errors” when it bailed out ING Groep NV, ABN Amro Holding NV and Fortis in 2008 and 2009, and those errors put taxpayers on the hook for greater risk and cost.
Compensation Spending Down at Goldman, Up at Smaller Firms
Goldman Sachs ended 2011 with one of the lowest compensation-to-revenue ratios of the publicly traded investment banks, 42%, according to SNL Financial analysis.
Ezrati, Golub See Flat Investment Year of Risk-On Trades: IMCA 2012
Lord Abbett’s Milton Ezrati and UBS’ Jonathan Golub discussed investment strategies for 2012 at the IMCA conference in New York on Monday.