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Merrill Lynch's ace up its sleeve
KBW has put a value on Merrill Lynch's 49 percent stake in asset manager BlackRock: $30 to $35 billion, reports MarketWatch. This qualifies as a crown jewel in the Merrill portfolio of assets. If it Read more...
Surprise! Hedge funds report often
There are a lot of myths when it comes hedge funds. The most common is that they are secretive and opaque. That's true to some extent. Not want to give away their Read more...
Pimco sees hiring opportunity in Wall Street crunch
Pimco is making it known on Wall Street that it is hiring. It has apparently approached between five and 10 top banks, presumably via HR, and asked them to inform pink-slipped employees of openings Read more...
The case for asset managers
The best time to buy in is always when things are at their worst. According to Financial News Online, William Katz of Buckingham Research thinks that asset managers of the mutual fund Read more...
And the top money managers are...
Drum roll please. According to Institutional Investor's Read more...
BlackRock acquires fund of funds
Despite the hedge fund woes we're now seeing, it's fair to say that asset managers of all stripes are bent on getting into alternative investments. The conventional wisdom is that that is what Read more...
So much for the fund IPO speed bump
Some people thought that all the furor over the so-called Blackstone Bill, which Read more...
ALSO NOTED: Asset managers turn up heat on Wal-Mart; Morgan Stanley okays Discover spinoff; and much more...
Company News:
> Morgan Stanley okays Discover spinoff. Article
> ABN seeks resolution to Read more...