All articles by Verdict Staff
Verdict Staff
Investment managers less confident in US outlook: Northern Trust survey
Investment managers are less optimistic on the prospects for US economic growth in the near term and more concerned about the potential impact of an emerging markets slowdown on stock prices, according to a survey by Northern Trust Asset Management.
NorthStar Asset Management to buy 85% stake in Townsend Group
NorthStar Asset Management Group (NSAM) has agreed to purchase approximately 85% stake in Townsend Group , a provider of investment management and advisory services focused on real assets, for $380m from private equity firm GTCR.
David Barrett Partners expands presence in Asia with Hong Kong office
David Barrett Partners, an executive search firm specializing in investment and wealth management, has expanded its presence in Asia by opening an office in Hong Kong.
Canoe Financial to purchase assets of OLeary Funds management
Canoe Financial, an investment management firm in Canada, has signed an agreement to purchase O’Leary Funds management contracts which represent over $800m in investment assets.
Goldman Sachs profit falls 36% in Q3
Goldman Sachs has reported net earnings of $1.43bn for the third quarter of 2015, down 36% from $2.24bn a year ago.
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SYZ partners with ACE to launch private equity offering
Swiss banking group SYZ has joined forces with private equity group ACE & Company to extend its range of available asset classes by offering private equity investments to its clients.
Capital Group forms strategic partnership with Samsung Asset Management in Korea
Capital Group, a US-based investment management firm, has entered into a strategic partnership with Samsung Asset Management (SAM) to develop asset management products and capabilities for the Korean market.
AIMA, MFA create joint global steering group
The Alternative Investment Management Association (AIMA) Council and the Managed Funds Association (MFA) Board have established a joint global steering group (GSG), which will aim to achieve synergies that will benefit the combined membership and the alternative investment industry globally.
BlackRock Q3 net income down 8%
American fund manager BlackRock has posted a net income $843m for the third quarter of 2015, a decrease of 8% from $917m, a year ago.
Bank of America’s wealth arm sees 19% fall in Q3 net income
The Global Wealth and Investment Management segment of Bank of America has reported a net income of $656m for the third quarter of 2015, down 19% compared to $812m a year ago.