The challenges facing the asset management industry such as the implementation of new regulations, are accelerating and could make the remainder of 2012 a turning point for many companies, compelling them to take transformational steps to improve their competitiveness.
Finance/Venture
Carlyle ramps up IPO marketing with New York blitz
Carlyle Group LP ramped up efforts to market its shares to investors on Wednesday ahead of a planned initial public offering.
Sparks fly over dark pools stock trading reform
Europe's regulators are closing in on reform of "dark pools" stock trading, a move aimed at increasing transparency but which long-term investors fear will increase their trading costs.
BlackRock, China's CIC to launch investment fund: FT
BlackRock Inc and China Investment Corp will jointly launch an investment fund likely to be worth several billion U.S. dollars, the Financial Times said.
Haitong Securities flat in HK debut after $1.7 billion listing
Shares of Haitong Securities Co Ltd, China's second-biggest broker by assets, were little changed in its Hong Kong debut on Friday, as concerns over Europe's debt troubles dampened investor demand for new listings.
Latest News
Japanese private equity firm Advantage Partners told an investors' meeting on Wednesday that it has no immediate plans to launch a new fund despite the imminent end-June expiry of the investment period for its existing 220 billion yen ($2.7 billion) fund, three people who attended the meeting said.
Mitsui & Co. Global Investment Ltd. established MGI Group India Private Limited in a joint capital investment with Mitsui & Co., Ltd.
Sumitomo Mitsui Financial Group will buy a 24 percent stake in a mid-sized Chinese asset management firm for around $125 million, two sources with direct knowledge of the matter said, a move that would be its first foray in China's wealth management market.
Impact Investment Fund Partners with Express Life to reach 500,000 in Ghana with Financial Services
Intrepid Investment Bankers LLC ("Intrepid"), a leading middle market investment banking firm, today announced the sale of Celtic Capital Corporation ("Celtic Capital"), a portfolio company of Pine Tree Equity I, LP, in its sale to Pacific Western Bank. The transaction closed on April 3, 2012. Intrepid acted as financial advisor to Celtic Capital.
Acquisition of ICS Risk Advisors and Memento, Inc. reinforces FIS’ position as a leading provider of enterprise governance, risk and compliance solutions.
Berkshire Hills Bancorp, Inc. (Nasdaq: BHLB) today completed its acquisition of CBT – The Connecticut Bank and Trust Company, a $280 million bank with eight banking offices serving the Greater Hartford area.
Carlyle Group is among private equity funds bidding for a stake in unlisted South Korean group Kyobo Life Insurance worth around $1.8 billion, sources with direct knowledge of the matter told Reuters.
Kimco Realty Corporation (NYSE: KIM) today announced that it closed on a new $400 million unsecured term loan
