These are the traditional pension plan arrangements that were common years ago but have fallen out of favor — except for some large employers and labor unions. With a DB plan, annual deductible contributions are mandatory — at least until the plan becomes fully funded, which can take years.
The annual amount that must be contributed [...]
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced that more than 200 clients have licensed Advent Portfolio Exchange? (APX) since the product was launched in late 2005. APX is Advent’s next generation portfolio management solution offering a powerful platform that brings together mission-critical portfolio [...]
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, today announced that Ark Asset Management Co., Inc. (Ark), a leading investment management firm in the institutional marketplace, will transition its installation of the Eagle investment management suite, which is currently managed in-house, to [...]
Many people see the financial-services sector as somewhat monolithic. Not so Bank of America CEO Ken Lewis, who isn’t afraid to talk about Bank of America’s commercial-banking dominance and rub it in the face of investment banks.
In a discussion with The Wall Street Journal’s Money & Investing editor, Nik Deogun, at today’s Deals & Deal [...]
ISLAMABAD: All major economic indicators, Foreign Direct Investment (FDI), exports, Large Scale Manufacturing (LSM), saving and investment and tax collections witnessed negative growth in the outgoing fiscal year 2007-08.
Foreign Direct Investment: According to the State Bank of Pakistan data, the net foreign private investment during July-March 2007-08 has declined by 46.3 percent over the corresponding [...]
A year ago, private equity executives were Wall Street’s new masters of the universe, riding an era of easy money to unparalleled success by pulling off record-setting buyouts and pulling down monstrous paydays.
The industry became so synonymous with making money that buyout giant Blackstone Group, a specialist in taking companies private, itself went public in [...]
Brewin Dolphin is the only UK investment management firm to have its investment banking division headquarters outside London. Francesca Craggs speaks to Graeme Summers, who heads the Newcastle-based operation.
THINK investment banking and the City of London or Wall Street probably springs to mind. Not many people may know the North East can boast its very [...]
Leading independently owned investment advice and financial planning company Goldridge Wealth Management (Goldridge) has appointed Joe Byrne to its board of directors. Byrne, who was Goldridge’s Investment Manager, now has responsibility for the leadership of the company’s investment analysis and research team and becomes its Investment Director.
Goldridge’s Chairman Daniel Mintz said, “Joe’s appointment is consistent [...]
Prospect Capital Corporation (NASDAQ: PSEC) (the “Company”) announced today that it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing its third fiscal quarter results for the period ended March 31, 2008, by Monday, May 12, 2008. The Company expects to issue its earnings press release before the opening [...]
The Madhvani group is set to scale up its investment portfolio in Rwanda with new ventures valued at US$20 million in the telecoms, tourism and insurance sectors.
The group already has investments worth $13 million in the sugar industry.
Mr. Mayur Madhvani, the group managing director recently presented his investment plans to President Paul Kagame.
The Madhvani group [...]
