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.
Tag: Investment Managers
BlackRock, Inc. says it has executed a purchase agreement to acquire Barclays Global Investors (BGI), including its iShares exchange-traded fund (ETF) platform.
Russell Investments created five new global service lines: Consulting and Advisory Services, DB/DC Outsourcing, OpenWorld, Retail, and Russell Investment Services (RIS).
A study by consulting firm kasina found that investment managers will further rely on analysts to guide advisers to products.
Globally, investment manager search activity is slowing down as investors focus their attention on strategic issues, according to Mercer’s 2008 Global Manager Search Trends report.
ETF Portfolio Management (ETF PM) launched a new investment platform.
Curian Capital said it expanded its Custom Style Portfolios with the addition of the Curian Tactical Advantage Strategy.
Northern Trust has launched a tool designed to make it easier for institutional clients to manage the workflow and reporting needs related to oversight of investment managers.
McLean Wealth Advisors launched a fee-based platform, supported by FundQuest, for their investment services business.
Barclays Global Investors (BGI) introduced a resource for financial advisers to identify third-party managers (TPMs) who offer model ETF portfolios.
ProNvest Inc. has rolled out a new service designed to assist plan sponsors with their fiduciary liability in offering managed accounts.
The Merrill Lynch Fund Manager Survey for January found that global investor gloom is starting to lift, with hopes of improving growth and inflation rather than deflation.
MUTUALdecision, an online source for predictive mutual fund models, launched a tool enabling investors and financial advisers to rank U.S. mutual funds based on academic research.
The top concerns of fund managers during the next 10 to 20 years focus on inadequate retirement incomes from defined contribution (DC) plans for large segments of the population and greater regulation costs, according to a Watson Wyatt survey.
Morningstar said its 2008 fund manager winners demonstrate proven strategies by experienced teams, rather than “trend-chasing.″
Highland Capital Management, L.P., has announced portfolio management changes to two funds, effective January 1.