News

Morgan Stanley Sues Lancer Group

Morgan Stanley is suing the Lancer Group after a $15.6 million investment with the New York based hedge fund soured, according to an SEC filing. Morgan Stanley wrote down the value of its investment in the Lancer Partners, L.P. fund

Accenture Fires Nearly 800 Employees

Accenture Ltd., the world's largest consulting company, is cutting 1% of its workforce (760 workers), targeting managers and partners, largely in the US, according to Dow Jones

BBH Wins $1.2 Billion Touchstone Investments Mandate

Brown Brothers Harriman (BBH) announced today that Touchstone Investments had appointed the bank to provide it with custody, securities lending and brokerage services.The new agreement gives BBH access to $1.2 bilion invested in 26 mutual funds. "BBH stood out as