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LaCrosse Global Fund Services and Capital Services Group, both New York firms, have announced the start of a strategic alliance to support hedge fund clients seeking distressed debt opportunities in Asia.
September 9 -
Wells Fargo & Co. has announced that Wachovia Exchange Services is now operating as Wells Fargo 1031 Exchange Services.
September 9 -
JPMorgan Chase announced Wednesday that it has introduced the Prime-Custody Solutions Group, which delivers integrated prime brokerage and custody services.
September 9 -
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Gamco Investors Inc. of Rye, N.Y., said Tuesday that it promoted Kevin V. Dreyer to associate portfolio manager of the Gabelli Asset Fund, an open-ended fund managed by Gabelli Funds LLC.
September 8 -
Pacific Investment Management Co. of Newport Beach, Calif., has launched the Pimco Real Income Funds. The family of funds is designed to provide retirees with a stream of monthly income hedged against inflation.
September 8 -
Many retired Americans are financially aiding other members of their family, either by giving them money or managing their finances directly, according to the fourth Real Life Retirement quarterly survey from Charles Schwab & Co. Inc.
September 8 -
Northern Trust Corp. announced Tuesday that Steven L. Fradkin, an executive vice president and chief financial officer since 2004, has been named president of the Chicago company's corporate and institutional services unit.
September 8 -
Though John Murphy, a financial network rep at Union National Community Bank in Lancaster County, Pa., had been raised on modern portfolio theory and believes in the principles of asset allocation, that strategy clearly wasn't going to weather this storm.
September 8 -
Sumitomo Mitsui Financial Group Inc., Japan's second-biggest banking company, said it is in talks to end a brokerage venture with Daiwa Securities Group Inc. after agreeing in May to buy $5.9 billion of assets from Citigroup Inc.
September 8 -
HSBC Holdings PLC has bid on ING Group NV's private banking assets, a person familiar with the situation said.
September 8 -
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Forward Management LLC has made several moves since the beginning of the year, which include buying a boutique investment firm and taking a stake in another small asset manager with which it plans to launch a mutual fund.
September 4 -
Bank of America Corp. is changing signs at its New York and London offices to reflect the acquisition of Merrill Lynch & Co.
September 4 -
FundQuest, a Boston unit of BNP Paribas SA, expects 30% asset growth in the coming year within the unified managed accounts it provides. But Tim Clift, its chief investment officer, admits a portion of that growth is likely to come out of the traditional, separately managed accounts that FundQuest also provides.
September 3 -
Three firms will pay a total of $600,000 in fines to the Financial Industry Regulatory Authority to settle charges relating to the sale of auction-rate securities.
September 3 -
Credit Suisse Group AG and Julius Baer Holding AG will consider acquisitions to build their private banking units, according to executives at the Zurich banks.
September 3 -
For more information on this data, visit Novantas LLC and Market Rates Insight.
September 2 -
In a recent study, Olivia Mitchell, a professor of insurance and risk management at the Wharton School at the University of Pennsylvania, argued that by laddering the purchase of immediate annuities — or buying annuities gradually over time while keeping the rest of a portfolio invested in a mix of equities and bonds — clients can substantially increase the likelihood of meeting their retirement income goals.
September 2 -
Paul Tudor Jones, the billionaire hedge fund manager who outperformed peers last year, is wagering that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery.
September 2

