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Money Managers
Latest Headlines
Latest Headlines
Commission recapture service too good to be true?
Fees paid to sub-advisors is a perennial issue in the asset management industry. A whole cottage industry has formed around the idea of commission recapture, and many institutional investors are keen
Arca system upgrade tanks SPDR
With regulators taking a keen look at market structure, this is not a good time for system glitches. Apparently, a system upgrade at the NYSE Euronext's Arca triggered a near-10 percent drop in the
Correlation bubble to pop?
Has the art of stock picking been irreversibly harmed by the financial crisis? Not if you ask analysts at JPMorgan who believe the equity correlation bubble is about to burst, which would great news for lots of money managers.
The onset of the crisis and the subsequent recession has created a
Brokers offer better corporate access initiatives
There's a good reason why small agency brokers think they can win with corporate access soft-dollar offerings: the bulge-braket ( bulge bracket news) sell-side operations still focus mainly on large
More winners in the financial regulations sweepstakes?
We recently discussed the broad winners and losers in the financial reform sweepstakes . The top Wall Street banks as a group stand to be the biggest losers, while the hedge fund industry ( hedge fund news) appears to be the least harmed. Fortune goes a step further and notes some specif
Morgan Stanley Smith Barney to pare branches
Morgan Stanley Smith Barney ( NYSE: MS ) continues to consolidate. Expect some 120 "overlap" branches to be closed soon. That will bring the number of retail office outlets to about 750 , compared with 870 domestic locations as of March 31 and 958 on June 30, 2009, according to Bloomberg .
Fear of Citi dilution to mount?
Mr. Market struck a dour note as it digests the on-going Citigroup's ( C ) TARP repayment plan and the bank's anemic secondary offering. We've noted that the dilution could be rather extreme, to the tune of 25 percent, depending of course on where the deal prices. So while the government seems t
Sell-side research tops buys-side
We noted recently that bulge-bracket firm research has lost some market share, as of late . But the news isn't all bad--at least when it comes to scoring sell-side research against buy-side research.
A recent study from Harvard Business School and the University of North Carolina has found
What to make of the Sun Valley conference?
Allen & Co.'s annual deal maker bash in Sun Valley gets underway this week. It used to be the event for money managers to get together with top executives across the media and technology industries. And it was a high-profile brand-burnishing opportunity for a boutique investment bank that
Hits keep coming for Legg Mason
The credit crunch has been cruel to more than a few money managers. Bill Miller, the head of the Legg Mason Value Trust fund, is at the top of the list. He never gave up on financial stocks, even as they continued to crater. The old value mantras just plain let him down. He kept loading up on agen
