asset management

Highbridge Capital Management, which is owned by J.P. Morgan Asset Management (JPM), said it will buy a majority interest in Brazilian hedge fund Gavea Investimentos. Gavea has $6 billion under management and was founded by Arminio Fraga, former president of Brazil's central bank, Highbridge said...

HSBC (HBC) may be considering a bid for Northern Trust (NTRS), a California-based financial services group, The Daily Mail said. Northern Trust has more than $643 billion of assets under management and counts more than 20% of the wealthiest families in the U.S. among its clients. Sponsored...

The Securities and Exchange Commission, is examining whether asset managers that recommend and funnel money to hedge funds are acting in investors' best interest. This is important to you if you've got money managed by someone else. If you're a client, you can't easily verify performance and fees...

Bank of America Corp. (BAC) is considering reducing its 34% stake in asset manager BlackRock Inc (BLK)., Bloomberg News reported. The bank has not made a final decision and no deal is imminent, Bloomberg News said without naming its sources. The stake's carrying value was $10.1 billion as of June...

Wealth – and the number of wealthy people – declined over the past year. Unsurprisingly, the worldwide recession that has hammered portfolios has caused the number of millionaires in the world to fall. Those that remain generally aren't as rich as they used to be. Among those dethroned...