Online News

Viewing stories published on December, 1, 2017. Click here to view latest.

Lightyear Capital closes fourth fund with more than $1 billion, including co-investments

ALTERNATIVES -

ALTERNATIVES -

Lightyear Capital raised more than $1 billion for its fourth private equity fund and co-investments.
CME, Cboe, Cantor Fitzgerald file with CFTC for bitcoin derivatives

Markets -

Markets -

CME Group, Cboe Global Markets and Cantor Fitzgerald filed product certifications with the CFTC to offer bitcoin derivatives.
Moody's: Flows into active result in positive quarter for asset managers

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Strong equity markets and positive net flows into actively managed strategies for the first time in years resulted in a positive third quarter for managers.
Rep. Richard Neal introduces two workplace retirement savings bills

Legislation -

Legislation -

Two new bills would require most employers to offer a defined contribution plan and simplify some retirement savings rules.
Fiera Capital to take over City National Rochdale Emerging Markets Fund

Money Management -

Money Management -

Fiera Capital agreed to take over management of City National Rochdale Emerging Markets Fund, a $1.7 billion mutual fund.
Hutchin Hill Capital to close, return money

Hedge Funds -

Hedge Funds -

Hutchin Hill closing doors, returning hedge fund assets to investors.
Tudor to shutter discretionary macro fund in restructuring

HEDGE FUNDS -

HEDGE FUNDS -

Tudor Investment Corp. is closing its Tudor Discretionary Macro Fund and letting investors shift assets to the main BVI fund as of Jan. 1.
U.K. corporate pension deficits rise 4.5% in November, but fall 37% for 12 months

Pension Funds -

Pension Funds -

The total deficit of all U.K. corporate defined benefit funds increased 4.5% in the month of November to 161 billion.

Money Management -

Money Management -

Jeffrey M. Solomon was named CEO of money manager and investment bank Cowen Inc.
Nippon Life buys 25% stake in TCW Group from Carlyle

Money Management -

Money Management -

Nippon Life Insurance Co. will purchase a 24.75% minority stake in TCW Group from the Carlyle Group.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Ki Jeong (Kelly) Lee has been appointed to lead IFM Investors' new Seoul office as client relationship director.

Money Management -

Money Management -

Michael DuCharme was named director, currency solutions at Mesirow Financial.

Real Estate -

Real Estate -

Avik Mukhopadhyay joined real estate manager Kennedy Wilson as a managing director for its investment management business.

Sovereign Wealth Funds -

Sovereign Wealth Funds -

Del Hart replaces Fiona Mackenzie at New Zealand Super in overseeing NZ$6.5 billion in mandates to roughly 30 external managers.
Churchill Asset Management closes $1.1 billion senior loan fund

Private Equity -

Private Equity -

Churchill Asset Management, Nuveen's private credit subsidiary, closed the Churchill Middle Market Senior Loan Fund at $1.1 billion.