Tag: Investment Managers

Allegiant to Merge with PNC Capital Advisors

The PNC Financial Services Group, Inc., has announced its intention to merge Allegiant Asset Management Company with its affiliate, PNC Capital Advisors, Inc., on or about September 29, to form PNC Capital Advisors, LLC.

Martellaro to Depart Janus

Janus Capital Group Inc. has announced that Dominic Martellaro, executive vice president and managing director of Janus Global Advisors, will step down from his position effective October 31. 

Managers Have Expectations for Corporate Earnings Growth

Investment managers expect corporate earnings to increase in the next three months, and a majority expect global GDP growth to accelerate in the next six months, according to the second quarter 2009 Northern Trust Global Advisors (NTGA) survey of investment managers.

2008 Toll: $10T Less in Managed Assets

The economic crisis erased just under $10 trillion in professionally managed assets in 2008, with the bulk of the decline seen in the final quarter, according to Cerulli Associates.

Recession Foils Ponzi Schemers' Game

Ravaged by the same fiscal turbulence pounding the nation's legitimate businesses, Ponzi operations have been collapsing at a record clip, The Washington Post reported.

Law Firm Files Another Madoff-Related Suit

Spector Roseman Kodroff&Willis, P.C., filed another class action against Austin Capital Management Ltd. for millions of dollars of losses due to improper investments in securities controlled by Bernard Madoff and his company.

BlackRock Snags BGI, iShares

BlackRock, Inc. says it has executed a purchase agreement to acquire Barclays Global Investors (BGI), including its iShares exchange-traded fund (ETF) platform.