Deals & People September 15, 2010

Invesco New Hire to Co-Head Private Capital

Invesco announced that Henry Robin has joined its fund of funds team as a Managing Director.
Reported by

Robin will be based in Invesco’s New York office where he will join founding partner Phil Shaw as co-head of the private equity fund of funds business. 

According to the announcement, previously, Robin was a senior partner at North Sea Capital, a Copenhagen-based private equity fund of funds manager that is closely affiliated with Nordea, Scandinavia’s largest financial institution. Prior to that, he was a founding partner and deputy head of AlpInvest Partner’s New York office. He previously held senior positions investing in private equity funds at Credit Suisse First Boston and the MacArthur Foundation.  

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Invesco also announced that Theresa Boyd has rejoined the Private Capital team as a Senior Associate, after completing an MBA degree at Oxford University.  Boyd joins from Zyoxel Limited, a University of Oxford life sciences spinout. Prior to business school, she was a Product Manager for Invesco’s Private Capital Group.  

Since the group’s inception in 1982, the Invesco Private Capital team has committed over $4 billion to more than 450 private equity partnerships.  

 

Products September 15, 2010

TD Ameritrade Creates New Platform for UMAs

The Unified Managed Account Exchange, UMAX, will provide independent registered investment advisers (RIAs) with more flexibility and allow them to expand investment options for clients.
Reported by

With UMAX, Ameritrade is upgrading its unified managed accounts (UMAs) by giving RIAs two choices: 1) an open architecture approach in which advisers can build solutions from a larger selection of products using their own research and product selection strategy or 2) a bundled option that includes product research and asset allocation guidance. 

“Advisers working with UMAs have been limited by rigidity and lack of investment options,” said Matt Judge, director of product management, TD AMERITRADE Institutional, in a press release.  “With its open architecture and comprehensive product access, UMAX aims to provide advisers with the added flexibility and investment choice to help them respond to today’s volatile markets.” 

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With the open architecture option, advisers can offer clients a range of investment options, including Separately Managed Account (SMA) strategies, mutual funds, exchange-traded Funds (ETFs), exchange-traded notes (ETNs), closed end funds, third party strategists, and alternative asset classes.   

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