Posted by admin on August 16th, 2008
Crederian will offer full-service fund administration services to alternative investment funds, including hedge funds, private equity funds and fund of funds. The firm says it is targeting investment managers that want to focus on their core business of managing clients assets and rely on their outsourcing administration partner for timely and responsive accounting and investor [...]
Posted by admin on August 16th, 2008
MORE than 100 local councils, charities, churches, hospitals and nursing homes across Australia are sitting on a $2 billion black hole after buying subprime investments structured by Wall Street banks during the bull market but which are now potentially worthless Investment Opportunity.
Melbourne’s Metropolitan Ambulance Service and local councils are among those facing losses of hundreds [...]
Posted by admin on July 18th, 2008
Stocks rallied anew today as financials continued their revival and crude oil prices retreated below $130 a barrel.
The Dow Jones industrial average closed up 207.38, or 1.85%, at 11,446.66; the S&P 500 rose 14.95, or 1.2%, closing at 1,260.31; and the Nasdaq composite was up 27.45, or 1.2%, to close at 2,312.30. All numbers are [...]
Posted by admin on July 17th, 2008
Ashbel C. Williams Jr. was offered the position of executive director/CIO of the $163.5 billion Florida State Board of Administration, Tallahassee, pending contract negotiations and trustees’ approval.
Trustees have instructed Robert Milligan, interim executive director, to negotiate contract terms with Mr. Williams, who was executive director of the Florida SBA from 1991 to 1996, according to [...]
Posted by admin on June 20th, 2008
The funds became UCITS III compliant earlier this year following a vote by their shareholders. They are now in the process of obtaining local market registration, which is necessary in order for them to be marketed.
Both the funds are Luxembourg-domiciled and are aimed at institutional investors and high net worth individuals, with a minimum investment [...]
Posted by admin on June 20th, 2008
Pyramis Global Advisors, the institutional unit of Fidelity Investments, said on Thursday it has hired Kevin Uebelein as president and chief executive officer.
Uebelein joins Pyramis from Prudential Financial (PRU.N: Quote, Profile, Research), where he was chief investment officer for all its international businesses for the past seven years, Pyramis said in a statement. At Pyramis [...]
Posted by admin on June 11th, 2008
deCarta’s technology is ideal for the full continuum of mobile LBS solutions including off-board, server-based applications offered by mobile operators through to “connected navigation” — the ability to integrate personal navigation devices and smartphones through real-time two-way mobile connectivity to a variety of dynamic data sources and local search services.
In North America, location-based services have [...]
Posted by admin on June 9th, 2008
SunTrust Investment Services, a subsidiary of SunTrust Banks, has announced a new, coordinated multi-channel approach to retirement planning called Retirement GamePlan, which provides clients with the tools to plan for retirement.
SunTrust has developed Retirement GamePlan as a way for clients of all ages and income levels to more easily plan to reach their retirement goals [...]
Posted by admin on June 9th, 2008
Even as Safaricom notched a stellar 50 per cent increase in its share price on the first day of trading, for some investors, it was not a good debut for the telecoms giant.
For thousands of investors, many of who had borrowed expensively for interest rates of up to 20 per cent, Safaricom represented a major [...]
Posted by admin on June 9th, 2008
Billie Redmond, CEO of Coldwell Banker Commercial TradeMark Properties has announced that Allison Mitwol has joined the firm as a real estate advisor. In this position, Mitwol will specialize in the brokerage and leasing of retail properties in the Triangle area. Mitwol completed three years of work in residential sales before transitioning to commercial leasing [...]