10/29/2012

Top investment managers lose assets

Assets managed by the world’s largest 500 fund managers fell by around 3% to US$63 trillion in 2011, breaking a trend of the last two years which had seen assets rise by 16% and 4% in 2009 and 2010, respectively.

10/25/2012

Credit Suisse looks to run U.S. exchange

The plan, which has not been made public, is taking shape amid heightened tensions between exchanges and brokers, which compete with each other for trades. Brokers also are big customers of exchanges.

10/24/2012

Novia brings Carmignac Gestion to the UK

The funds cover equities, bonds and diversified asset classes, and have been added as part of a push to attract advised business, according to the two firms.