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News & Commentary
Content tagged with Asset Management posted in February 2013
London Whale Didn't Cause Lehman Bankruptcy, JPMorgan Says
News  |  2/28/2013  | 
The former JPMorgan Chase trader known as the "London Whale" was not responsible for Lehman Brothers' bankruptcy and should not be dragged into an $8.6 billion lawsuit.
Ex-Goldman Sachs Prop Traders Fail At Hedge Funds
News  |  2/22/2013  | 
Benros Capital joins the list of hedge funds run by former prop traders at Goldman Sachs to bite the dust. Wasn't this the reason the banks paid those bonuses during the bailouts?
Rebuilding Trust in Our Markets in the Year Ahead
Commentary  |  2/21/2013  | 
While regulators focus their efforts on automated or manual exchange-level risk management, firms should ensure that they have proper processes in place to manage risk from their own perspective in order to avoid the pain of repeating notable — and possibly avoidable — mistakes.
Pension Funds Look to Strip JPMorgan CEO Dimon of Chairman Title
News  |  2/21/2013  | 
Overseers of government worker pension funds pressed JPMorgan Chase to strip Chief Executive Jamie Dimon of his additional title of chairman after the London Whale fiasco.
Ex-Soros CIO Begins Courting Capital for New Fund
News  |  2/21/2013  | 
Keith Anderson, the former chief investment officer for billionaire trader George Soros' money management firm, is raising money for a new macro hedge fund.
Corzine Faces Lifetime Trading Ban
News  |  2/21/2013  | 
The former Master of the Universe might be banned from futures trading in the wake of the (suspicious) MF Global collapse.
Hedge Funds Run By Women Continue to Profit
News  |  2/19/2013  | 
Alternative investment funds that have a woman at the helm are happy to leave the reckless risk to their cowboy counterparts, a new study finds.
Fidelity Investments 2012 Profit Dips, Customers Flee Stock Funds
News  |  2/15/2013  | 
Fidelity Investments on Friday said profit in its financial services business dropped 29 percent in 2012 as customers pulled $24.4 billion from the company's actively managed stock funds.

So Your Financial Firm Has A New CEO….Now What?
News  |  2/15/2013  | 
Legg Mason and TD Asset Management both had a management shake-up in recent weeks. So, how can you make sure your new boss knows you're a keeper?
Welcome to the New Advanced Trading Community
News  |  2/14/2013  | 
A new community focused on the the needs of traders will allow members to interact and share ideas on some of the most important issues facing the industry.
Buy Side Could Seek Alpha in Post-Trade Data
News  |  2/14/2013  | 
While the traditional focus has been on TCA and best execution, buy side firms can also add returns to the bottom line by reconciling their bills and contracts with brokers.
Legg Mason Names Interim Head as CEO for Turnaround Push
News  |  2/13/2013  | 
Asset manager Legg Mason Inc named Joseph Sullivan as its permanent chief executive officer on Wednesday, picking an insider to staunch outflows from its funds and smooth relations with its autonomous investment units.

T. Rowe Price Joins Growing Opposition to Dell Buyout
News  |  2/13/2013  | 
Dell's third-largest shareholder, T. Rowe Price, joined a growing number of investors putting pressure on Michael Dell and his partner Silver Lake to sweeten their $24.4 billion buyout offer.
Where's the Transparency in Order Routing?
News  |  2/12/2013  | 
Buy-side firms are diving below the surface to find out where their orders are being routed.
This Teen Actress Beat Your Broker
Commentary  |  2/11/2013  | 
Will your next fund manager be a teenage starlet? Sure, why not?
Gaining Trade Order Transparency Can Be Costly
Commentary  |  2/11/2013  | 
The buy side is always looking for more transparency from their brokers, but gaining a view into the trading process requires an investment in technology and data experts.
Canada Wealth Managers See Shift to Equities in 2013
News  |  2/11/2013  | 
Buoyed by rising global stock markets, Canadian asset managers are increasingly certain that 2013 will be the year that investors who were burned by the financial crisis make a return to equity-linked products.

Schwab Unveils No-Fee Platform for ETFs
News  |  2/8/2013  | 
Charles Schwab is waiving transaction fees on exchange-traded funds, applying the formula it used to sell mutual funds to the masses.
TD Asset Management CEO Brian Murdock Resigns
News  |  2/7/2013  | 
Brian Murdock, the chief executive of TD Asset Management, has resigned to return to the United States from Canada.
U.S. Treasury Selling Last of Its Citigroup Securities
News  |  2/6/2013  | 
The U.S. Treasury said it was selling the last of its securities in banking giant Citigroup for an estimated $894 million.
The Buy Side Wants Transparency, So Get Ready for Big Data
Commentary  |  2/1/2013  | 
Equity traders are concerned about how many "hops" their orders are taking in the electronic marketplace, so FIX message tags are a hot topic on the buy side.
Legg Mason Reports Quarterly Loss, CEO Search Progress
News  |  2/1/2013  | 
Legg Mason Inc reported a quarterly loss on Friday on charges for impaired assets and continued outflows from its equity and bond funds, and said it should name a permanent chief executive soon.

Money Manager Franklin Profit Grows 7 percent, Shares Up
News  |  2/1/2013  | 
Money manager Franklin Resources Inc , which runs the Franklin and Templeton funds, said Friday its quarterly profit grew 7 percent, beating analysts' expectations even as additional investments from customers slowed to a trickle.

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