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.
Dias and Smith Settle with CFTC, Consent to Lifetime Ban
By Staff WriterWASHINGTON (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...
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 ...
December 01, 2004
Maybe This Time for CPAs?Ask most comprehensive advisors whether they believe that accountants will be a force in financial planning and most will pooh-pooh the notion, citing CPAs' "cultural"...
November 29, 2004
Merger Creates Larger Fund of Funds Business for BNP and FauchierPARIS (HedgeWorld.com)--BNP Paribas Asset Management through its joint venture with Fauchier Partners plans to merge with Fauchier in order to grow a fund of funds business. BNP Paribas said it would acquire a 50% economic interest in Fauchier Partners in consideration for contributing its shares in the BNP Paribas Fauchier...
November 23, 2004
ING Sells Baring Unit To Mass MutualING Sells Baring Unit To MassMutualByING Group, Amsterdam, has agreed to sell its Baring Asset Management unit in 2 parts to Massachusetts Mutual Life Insurance ...
November 22, 2004
MassMutual To Buy Offshoot Of Historic Merchant BankING Groep N.V., Amsterdam, has agreed to sell its Baring Asset Management unit to 2 U.S. companies.[@@]Massachusetts Mutual Life Insurance Company, Springfield, Mass., will ...
November 12, 2004
Hedge Fund Changes Seen within Broad Asset Management Industry EvolutionNEW YORK (HedgeWorld.com)--Common distribution platforms that include hedge fund products as well as mutual funds, annuities, separate accounts and insurance are the future business model for asset management companies, according to Steven Buller, Ernst & Young's Americas director and global co-director of asset management services. Mr. Buller was speaking at...