Fund profile: Abu Dhabi Investment Authority
The Abu Dhabi Investment Authority, which with an estimated $627 billion in assets is believed to be the largest sovereign wealth fund in the world, reportedly is reviewing its long-term investment…
DB funding relief at risk over an advice provision
A House committee yanked a pension bill provision safeguarding existing investment advice arrangements for DC plans and#8212; jeopardizing employer support for a package that also provides critical…
SWFs expected to hike equities, alternatives
Equity money managers and some in alternative investments are among the likeliest to benefit as sovereign wealth funds globally seek to diversify from government bonds and#8212; particularly U.S.
Indexed fixed-income assets plummet 25%
Indexed fixed-income assets fell more than the market during the six months ended Dec.
Pimco moves to the front
Pacific Investment Management Co. last year knocked Legg Mason Inc. and#x2014; parent of its rival, Western Asset Management Co.
Can Sipps survive the tidal wave of progress?
Are self-invested personal pensions (Sipps) still attractive as a vehicle for pension saving in the current climate?
Ameriprise said to have edge in bidding war for Columbia
Bank of America’s board is in the final stages of weighing bids by Ameriprise Financial and Nuveen Asset Management, backed by private equity firm Madison Dearborn Partners, for subsidiary Columbia…
Firms settling, but haven’t been sued
The mere mention in New York Attorney General Andrew Cuomo’s indictments and the SEC’s civil pay-to-play lawsuit was enough to induce three private equity firms to pay damages without ever being sued.
MandA activity slows to crawl as buyers balk at pricing
An anticipated spate of industry consolidation in 2009 is stalled at midyear, with potential buyers of high-profile money managers either refusing to commit or walking away from potential deals.
