Articles and Features

US Bancorp is taking a 9.5 per cent stake in Nuveen Investments and cash consideration in exchange for the long-term asset business of US Bancorp's FAF Advisors. »

Structured investment provider Incapital Europe has launched the Digital Growth Plan for professional advisers. »

Troika Dialog has launched an open-ended index fund called Troika Dialog – Index RTS Standard. »

Barclays Capital has launched the Barclays Retirement Income Notes, a suite of products which seek to provide a cost-efficient, transparent and flexible alternative for generating retirement income. »

Fund managers are increasingly turning to equity and asset allocation as the number of fixed income funds in the absolute returns sector falls, says Standard & Poor’s Fund Services in its latest sector review. »

Battenkill Capital Management, a Princeton, New Jersey-based investment adviser, has been engaged as a sub-adviser by Hatteras Alternative Mutual Funds, a provider of alternative investment mutual fund products.  »

Private banking wealth managers and operations personnel say their clients want significantly enhanced financial reporting in a post-Madoff world, according to a poll conducted by SEI. »

Union Bancaire Privée had net earnings of CHF103.3m (USD95.6m) at the end of the first half of 2010, in line with expectations. »

Knight Capital Group has agreed to acquire Astor Asset Management, a money management firm specialising in macro-economic strategy and ETF portfolio construction, for approximately USD20m in cash and stock, based on assets under management at the close. »

Despite a challenging second quarter, net flows to long-term mutual funds worldwide in the first half of 2010 reached USD500bn, twice as much as in the first half of 2009, according to Strategic Insight, a business intelligence provider to the fund industry. »