Tag: 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.

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.