Investment Platforms
Get the latest news and insights on investment platforms (including digital, mobile and online platforms), and how these developments impact financial advisors, the wealth management industry and more.
AIG Seeks Principal-Protection Flexibility
By Allison BellA large New York insurer wants permission to use affiliates to back its own investment funds' guarantees.[@@]Asset-management units of American International Group Inc., New ...
January 18, 2005
Man Group Assets Reach New High Point: $42 BillionNEW YORK (HedgeWorld.com)--The world's largest freestanding hedge fund business, Man Group plc, has raised US$2.2 billion in the three months to Dec. 31, 2004, and estimates assets under management at US$42 billion, up from US$38.4 billion as of Sept. 30, 2004. According to a statement, redemptions were US$1.3 billion during...
January 10, 2005
Mellon Wins Bible Society ContractNU Online News Service, Jan. 10, 2005, 3:23 p.m. ESTA New York religious charity has picked a Pittsburgh bank to manage its gift assets.[@@]The ...
January 04, 2005
Dias and Smith Settle with CFTC, Consent to Lifetime BanWASHINGTON (HedgeWorld.com)--The Commodity Futures Trading Commission settled a lawsuit over an unregistered commodity pool and the misappropriation of its funds, with defendants Paulino Rene Dias Jr. and Victor Smith, both California residents, and Krute Corp., Woodland Hills, Calif. The CFTC initiated this action in April 2003. Mr. Dias was an...
January 03, 2005
Former BofA Duo Starts Wealth Management PlatformSAN FRANCISCO (HedgeWorld.com)--The West Coast institutional investment bank ThinkEquity Partners LLC is branching out into private wealth management with a new group called ThinkWealth Management. Stephen...
December 23, 2004
Former Goldman Sachs Director Joins Hedge FundNEW YORK (HedgeWorld.com)--P. Schoenfeld Asset Management LLC appointed Daniel Goldwater managing director and head of European operations, as of January 2005. He is to manage the London office, where he will be responsible for an event-driven portfolio and lead the growth of business in Europe and Asia. The firm is...
December 10, 2004
Merrill Hedge Fund Chief Moves to BNYNEW YORK (HedgeWorld.com)--Anthony Conroy has joined BNY Brokerage, a subsidiary of The Bank of New York, as managing director and head trader. Mr. Conroy comes from Merrill Lynch Investment Management, where he was managing director and head trader at the hedge fund unit for the past five years. The group...
December 03, 2004
Report: For Rich Opportunities, Look SouthWealthy Latin Americans already have placed $117 billion in cross-border asset management products.[@@]Researchers predict rapid growth in that cross-border asset management total in a ...