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PineBridge Investments has signed an agreement to invest in, and provide services to, Method Holdings (Method), a financial holding company focused on aggregating the wealth management subsidiaries of “Top 100” CPA firms.
The PineBridge-Method partnership is designed to bring PineBridge’s proven investment strategies, asset allocation capabilities and manager selection expertise to Method’s wealth management platform for Registered Investment Advisors.
Method invests in, and provides asset management services to, the wealth management subsidiaries of large public accounting firms. These services range from a state-of-the-art investment platform to providing investment advice to individual investors.
“PineBridge has a long history of being a
BlackRock, Inc has reported full year diluted EPS of USD12.37, up 17% from 2010. Fourth quarter 2011 net income of USD555 million was down 7% from third quarter 2011 and 16% from a year ago.
Operating income for the fourth quarter and full year 2011 was USD808 million and USD3.2 billion, respectively. The full year 2011 operating margin was 35.8%. In the fourth quarter, BlackRock repurchased approximately 618,000 shares.
As adjusted results: Full year 2011 operating income of USD3.4 billion improved USD225 million, or 7%, and diluted EPS of USD11.85 improved 8% compared with 2010. Fourth quarter diluted EPS
International fund service provider Ifina Group and Isle of Man-based fiduciary service provider IQE have announced a co-operation initiative designed to strengthen both firms’ expertise, extend the services offered to clients and allow each firm to gain access to new jurisdictions. According to Ifina director Derek Adler (pictured), the two firms have been in discussions about possible co-operation for several months.
International Financial Administration Group is a multi-jurisdictional group of companies providing investment fund formation and administration and valuation services for investment funds domiciled in major centres including the UK, British Virgin Islands, Cayman Islands, US, Malta, Switzerland, Austria, Panama,
HazelTree, a provider of Treasury management services for alternative investment managers, has announced the appointment of Paul Calderone to the position of Managing Director of Operations, effective immediately.
Calderone brings a wealth of knowledge and experience from his years in institutional sales and development at Credit Suisse. In his new position, he will manage all aspects of HazelTree’s rapidly expanding operations, which are focused on delivering high-performance Treasury functionality to multi-primed hedge funds.
"HazelTree’s client base has tripled over the past six months, so Paul is joining us at a particularly exciting and opportune time," says company CEO Stephen Casner
The Luxembourg funds industry continued to expand over the last 12 months despite the eurozone crisis and declines in major stock indices. The number of funds in Luxembourg rose by 4.84% to 3,833 and net sales amounted to EUR16.998bn. While total AUM decreased over the period by EUR101.453bn, mainly as a result of market depreciation, total assets under management were still a steady EUR2,059.419bn, second globally only to the US.
The increase in net sales and funds enabled the Luxembourg fund industry to continue to maintain and even create employment in 2011. The Luxembourg financial centre, of which the fund
Hogan Lovells has advised long-standing client Kelso Place Asset Management LLP (Kelso Place) on its acquisition of the global fashion brand Nicole Farhi alongside current owner, private equity firm, OpenGate Capital, for an undisclosed sum. The transaction was announced on Wednesday 11 January.
Nicole Farhi is a British fashion lifestyle brand launched in 1982, headquartered in London, with four owned stores in London, New York, Paris and Milan; and collections available in department stores and boutiques worldwide.
Kelso Place has a strong track record in working with luxury fashion brands and will provide financial, strategic and hands-on, operational support to
Actis, the pan-emerging market private equity investor has announced the promotion of three Directors to Partner – David Grylls and Nick Luckock in London, and Natalie Kolbe in Johannesburg’
Grylls is a member of the Energy team, responsible for Actis’s current and future African energy investments including Umeme.
Luckock is a member of the Financial Services team, advising a number of portfolio companies including India’s IDFC and Brazil’s XP Investimentos, in addition to leading new investments.
Kolbe covers the South African market, most recently leading Actis’s acquisition of South Africa’s largest vehicle tracking company, Tracker, in October
Tully & Holland has acted as financial advisor to Catalog Marketplace (Glendale), in the sale of its assets to Capital Resource Partners (CRP). BCA Mezzanine Fund provided senior debt and preferred equity capital in support of CRP’s acquisition. Terms of the transaction have not been disclosed.
Glendale is a leading direct marketer of ceremonial uniform accessories and parade equipment worn and used by the military, police and fire departments, schools and organisations. Glendale sells through its catalog and its website www.paradestore.com. Glendale carries a broad selection of uniform accessories, flags and flag accessories, replica rifles, swords, and other related products used
Millennium Technology Value Partners completed a record year of capital deployment in 2011, continuing its focus on investing in many of the world’s leading private technology companies.
Millennium disclosed 18 portfolio companies receiving new or follow-on investment in the last 18 months. These include: Chegg, Twitter, Good Technology, Tumblr, BeachMint, IronPlanet, ETF Securities, Tremor, Acronis, HootSuite, Yodle, MarkLogic, Reply! LegalZoom, Envivio, PlaySpan (acquired by Visa), HauteLook (acquired by Nordstrom), and Ning (acquired by Glam).
Sam Schwerin (pictured), Millennium Managing Partner, says: "Given the burgeoning interest in the kind of shareholder liquidity solutions and flexible financing formats at the core of
AnaCap Financial Partners has held a successful first round of closings of its Credit Opportunities Fund II, with commitments already at GBP265 million (USD408 million), surpassing its GBP250 million target after just five months on the road.
The Fund, which has a hard cap of GBP350 million, targets performing, semi-performing or non-performing consumer and SME debt, including loans, leases, securities or other obligations requiring active asset management.
It will seek to capitalise on the rapidly evolving market opportunity in this space, driven by the need for financial institutions to de-lever after years of expansion. The financial services market now accounts
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