Assets in multimanager products a segment that includes both funds of funds and manager of managers vehicles expanded by 30% during 2004 to exceed US$960 billion, according to the most recent Cerulli Quantitative Update, Global Multimanager Products 2005. Expansion in
JPMorgan is celebrating two milestones in the asset management arena. The first sees the firm reaching its two year anniversary after acquiring full ownership of JPMorgan Retirement Plan Services, and, for the second, the organization has announced that it has
Research and Markets has published "Offshoring Special Report Doing Business in the Dublin, 2005," which aims to delve into why Dublin has become such an attractive International Offshore Financial Center (IOFC). While the offshore sector has continued to grow as
Fortis Prime Fund Solutions has opened an operation in Geneva to offer administration, custody and bridge, leverage, and structured financing to hedge fund managers and funds of funds. Eric F. Jacobson has joined the Geneva office as Managing Director. He
As banks continue to look for ways to lower overhead, a recent Celent report says all of the top 50 banks in the United States are exploring business process outsourcing and in the coming years the billions already spent outsourced
NEW YORK Marsh and McLennan Cos. Announced Wednesday it will not sell its asset management business Putnam Investment and has no plans to do so in the future, Reuters reported. "While strategic review is under way, there are no current
Investment Company Institute (ICI) President Paul Schott Stevens has welcomed the appointment of Christopher Cox to succeed William Donaldson as chairman of the Securities and Exchange Commission (SEC). "Chris Cox has a record of extraordinary accomplishment as a leader in
Strategic Compliance Solutions, a regulatory compliance and operations consulting firm for hedge funds headquartered in the US Virgin Islands, has opened an office in Essex, Connecticut. Kate Dressel, founder and president of SCS, said that the new office will enable
The Macquarie European Infrastructure Fund has agreed to acquire 49% of NRE Holding N.V. (NRE), a gas and electricity distribution network located in the Netherlands. NRE owns the gas and electricity networks in and around the city of Eindhoven and