TORONTO (AP) _ Brookfield Asset Management Inc. (BAM) on Thursday reported third-quarter earnings of $947 million.
The Toronto-based company said it had net income of 91 cents per...
CHRISTIANSTED, Virgin Islands (AP) _ Altisource Asset Management Corp. (AAMC) on Wednesday reported a loss of $3.5 million in its third quarter.
TORONTO (AP) _ Brookfield Asset Management Inc. (BAM) on Thursday reported second-quarter earnings of $399 million.
On a per-share basis, the Toronto-based company said it had profit of 36...
CHRISTIANSTED, Virgin Islands (AP) _ Altisource Asset Management Corp. (AAMC) on Wednesday reported second-quarter net income of $3.3 million, after reporting a loss in the same period a year...
MILWAUKEE (AP) _ Artisan Partners Asset Management Inc. (APAM) on Tuesday reported second-quarter net income of $39.2 million.
The Milwaukee-based company said it had net income of 66 cents...
MILWAUKEE (AP) _ Artisan Partners Asset Management Inc. (APAM) on Monday reported fourth-quarter net income of $32.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Milwaukee-based company said it had net income of 57 cents. Earnings, adjusted for non-recurring costs, came to 61 cents per share.
MILWAUKEE (AP) _ Artisan Partners Asset Management Inc. (APAM) on Tuesday reported third-quarter profit of $42.5 million.
On a per-share basis, the Milwaukee-based company said it had profit of 77 cents. Earnings, adjusted for non-recurring costs, came to 79 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
ATLANTA (AP) — Georgia Gov. Nathan Deal says a technology solutions provider that's the world's largest asset management firm will open a new innovation center in Atlanta and create roughly 1,000 jobs.
NEW YORK (AP) _ Sutherland Asset Management Corp. (SLD) on Tuesday reported second-quarter net income of $15.3 million.
The New York-based company said it had profit of 48 cents per share. Earnings, adjusted for non-recurring gains, were 47 cents per share.
The real estate investment trust posted revenue of $61.6 million in the period. Its adjusted revenue was $35.2 million.
MILWAUKEE (AP) _ Artisan Partners Asset Management Inc. (APAM) on Tuesday reported second-quarter profit of $42 million.
The Milwaukee-based company said it had net income of 72 cents per share. Earnings, adjusted for non-recurring costs, were 76 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
HARTFORD, Conn. (AP) — The president of billionaire Steven Cohen's investment firm in Connecticut has resigned, shortly after the firm was sued over alleged hostile, sexist and discriminatory conduct by male executives.
Douglas Haynes resigned from Stamford-based Point72 Asset Management on Friday. A company spokeswoman declined to comment Monday on whether Haynes' departure was related to the lawsuit and referred to a statement that said the lawsuit is "without merit."
NEW YORK (AP) — Insurer AIG is buying Validus, a provider of reinsurance, primary insurance, and asset management services, in a deal worth approximately $5.56 billion.
American International Group Inc. said Monday that it will pay $68 for each share of Validus Holdings Ltd. That's a 45.5 percent premium to the Bermuda company's Friday closing price of $46.72.
Shares of Validus rose almost 5 percent before the market opened.
It's a topsy-turvy time around the globe and normally, that would take a toll on major markets. Yet it has been surprisingly calm of late, particularly in the U.S.
John Vail, chief global strategist at Nikko Asset Management and expert on global markets, talked to The Associated Press for his take on the unusual state of affairs in global markets. Vail also heads up the investment strategy group for the firm, one of Asia's largest asset managers.
NEW YORK (AP) — An activist investor has bought a "meaningful" stake in Barnes & Noble Inc. and is urging the bookseller to sell itself.
Sandell Asset Management Corp. CEO Thomas E. Sandell, in a letter to Barnes & Noble's board, said "the public market for retail stocks is contributing to a risky and inhospitable environment" and the company would be better served if it were private or part of a larger company.
FRANKFURT, Germany (AP) — Germany's Deutsche Bank says net profit more than doubled in the first three months of the year as the bank pressed ahead with cost-cutting and saw more customer money flowing into its asset management business.
Net profit of 575 million euros ($626 million) exceeded 236 million euros from the same quarter a year ago and beat analyst expectations of 487 million euros as compiled by financial information provider FactSet.
LONDON (AP) — Standard Life has agreed to buy Aberdeen Asset Management for 3.8 billion pounds ($4.7 billion) to create Britain's largest asset management firm.
Aberdeen shareholders will receive 0.757 Standard Life shares for each share they own, giving them 33.3 percent of the combined company. Keith Skeoch, chief executive of Standard Life, and Martin Gilbert of Aberdeen, will be co-chief executives.
NEW YORK (AP) — European banking giant Deutsche Bank announced plans to raise at least $8.5 billion in capital and sell off a stake in its asset management business, in a move to help shore up the troubled German firm.
Deutsche Bank will issue 687.5 million new shares later this month, the bank said Sunday, in an effort to take advantage of the recent run up in the bank's stock price.
LONDON (AP) — British asset management firms Aberdeen and Standard Life are in talks about a possible merger that could create one of the country's largest fund managers.
The move would create an 11 billion-pound ($13.5 billion) company, reflecting the combined market capitalization of the two firms, overseeing assets worth 660 billion pounds ($811 billion).
NEW YORK (AP) — A former portfolio manager at an asset management firm was convicted of securities and wire fraud charges on Thursday.
Stefan Lumiere, who worked at Visium Asset Management LP, was convicted in Manhattan federal court by a jury that deliberated less than two hours.
RIO DE JANEIRO (AP) — The board of Brazilian state-run oil giant Petrobras has approved the sale of a key natural gas pipeline unit to a group of investors led by Toronto-based Brookfield Asset Management.
Petrobras says the group will pay $5.2 billion over five years to acquire a 90 percent stake in the Nova Transportadora do Sudeste unit.
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