BNP Paribas Asset Management today signed a joint venture agreement with Shinhan Investment Trust Management Company, a full subsidiary of Shinhan Financial Group. According to the terms of the agreement, BNP Paribas will acquire 50% (minus one share) of the
Hedge funds were down 3.2 per cent in July, according to the Hennessee Hedge Fund Advisory Group, which advises individuals and institutions on over $1 billion in assets. The figure covers funds in the Hennessee Hedge Fund Index. Though hedge
Barclays is pleased to announce the appointment of Robert E Diamond as Chairman of Barclays Global Investors ("BGI"). He succeeds Matthew W Barrett in this position. The role as Chairman of BGI will be in addition to Diamond's separate responsibilities
Newton Scott, formerly a Main Board Director of Scottish Widows until his retirement in July this year, has been appointed as a non executive Director to the Life & Pensions Board of the Misys Financial Services Division. Newton, who is
DBV Winterthur Insurance AG has launched a new pension fund to cater to the occupational benefit needs of employees in medium and large enterprises. The winsecura Pensionskasse AG i. Gr (based in Wiesbaden) received official approval at the end of
State Street Corporation announced today that it has been appointed by Columbia Management Group, Inc., the asset management arm of FleetBoston Financial, to provide a variety of investment services to an additional 62 of Columbia Management Group's funds, representing approximately
Royal London Asset Management has become the first fund manager to centrally match a cross border trade live using the Central Trade Manager (CTM), says Thomson Financial DTCC joint venture Omgeo. The first trades were carried out with broker Dresdner
Newton Scott, formerly a Main Board Director of Scottish Widows until his retirement in July this year, has been appointed as a non executive Director to the Life & Pensions Board of the Misys Financial Services Division. Newton, who is
Charles Bryant has been appointed as a Director of the Misys Financial Services Division, which supplies software and services to product providers and intermediaries in the UK Life and General Insurance markets. He will have board level responsibility to deliver
Deutsche Brse reported on Wednesday that, compared to the second quarter of last year, sales revenue increased by about 12 percent, to 205.3 million euros. Earnings before taxes and interest (EBIT), at 80.0 million euros, was 14 percent higher than