Donors will be able to use 25 different iShares offerings to customize their investments Barclays Global Investors has launched the iShares Charitable Giving Program, which offers clients access to donor-advised funds using pools of its exchange-traded funds.It’s thought to be the first time that a major fund firm has offered a charitable-giving program using only ETFs, said Eileen Heisman, president and chief executive of the National Philanthropic Trust, a national donor-advised fund program and charity with $660 million in assets under management.“To my knowledge, it’s very unique among [large financial] firms,” said Ms.
Posts Tagged ‘Assets Under Management’
Barclays rolls out ETF-based charitable-giving program
October 6th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Assets Under Management, Barclays Global Investors, Charitable Causes, Donor Advised Fund, Donor Advised Funds, Endowment Foundation, Exchange Traded Funds, Financial Advisers, Heisman, Industry Officials, Investment Account, Investment Firms, Investment Pools, John Tobin, Michael Latham, Minimum Investment, National Philanthropic Trust, Natural Fit, Philanthropic Legacy, Philanthropic Projects 
No Comments »Lord Abbett exits bundled 401(k) biz, handing off $1.2B to the Hartford
September 23rd, 2009 Before You Invest Lord Abbett will no longer provide bundled 401(k) services to the retirement plot market, and instead will focus on just offering investments to defined contribution plans Lord, Abbett & Co. LLC is exiting the business of offering bundled 401 (k) plans — and has agreed to transition its nearly $1.2 billion in 401(k) assets to The Hartford Financial Services Group Inc.Officials for Lord Abbett today said that the asset management firm will now focus on offering investments alone to defined contribution plans, rather than packaged products that included other services, such as record-keeping, to the 401(k) section of the retirement market.
Posted in Finance Fraud Tags: 401 K Plans, Asset Management Firm, Assets Under Management, Business Advisers, Financial Services Group, Financial Services Group Inc, Frank Gregory, Hartford Financial, Hartford Financial Services, Hartford Financial Services Group, Hartford Financial Services Group Inc, Lord Abbett, Mr Gregory, Open Architecture, Packaged Products, Plan Sponsor, Retirement Market, Retirement Plan Market, Retirement Plans, Retirement Services No Comments »Assets under management have dropped substantially worldwide
September 16th, 2009 Before You Invest A study has found that wealth has dropped 11.7 percent to $92.4 trillion over the period of the financial crisis.The study by a Boston consulting group found wealth would not return to 2007 levels for another six years.The United States, was the toughest hit region, primarily due to the decline in US equity investments in 2008.Also hit hard were off-shore wealth centres, where many companies and individuals had gone to avoid tax.In Switzerland and the Caribbean, assets declined to $6.7 trillion in 2008 from $7.3 trillion in 2007.Millionaires who made risky investments during the economic boom were especially hard hit, with the number of millionaires worldwide shrinking 17.8 percent to 9 million.
BlackRock planning global trading platform
September 16th, 2009 Before You Invest Asset manager BlackRock is to launch its own global trading platform, it has emerged.According to the Financial Times, the company intends to utilize the system to rival those used by many firms on Wall Street.The business will have around $3,000 billion in assets under management once it has completed its acquisition of Barclays Global Investors (BGI) in December and it has appointed Minder Cheng of BGI to oversee the launch of the platform.BlackRock said in a leaked internal memo seen by the news source that the new offering will “fully realize the cost efficiencies and trading opportunities across all asset classes as we become one of the largest trading operations in the world”.Those familiar with the plot – which is said to still be in its early stages – clarified that BlackRock will not be charging fees for the service due to the fact that it is being introduced in order to save clients money.The company reached a deal worth around $13.5 billion for BGI in June.
Charles Akre leaves FBR Focus Fund
August 8th, 2009 Before You Invest The manager of one of the best-performing mutual-funds of the recent years is leaving to start his own fund.Charles Akre will quit FBR Focus Fund on Sept. 22, and plans to launch his own fund, Akre Focus Fund.Under Charles Akre’s leadership, the FBR fund is the 10th-best stock fund performer since 1996.
Posted in Finance Fraud, Mutual Funds Tags: Akre, American Tower Corp, Assets Under Management, Best Performing Mutual Funds, Better Communications, Cap Funds, Capital Management, Communicatio, Five Star Rating, Focus Fund, Fund Shareholders, Inception, Leggio, Mid Cap Growth, Morningstar, Own Destiny, S 500, Shareholder Letters, Stock Fund, Stock Funds, Stock Holdings No Comments »Charles Akre leaves FBR Focus Fund
August 8th, 2009 Before You Invest The manager of one of the best-performing mutual-funds of the recent years is leaving to start his own fund.Charles Akre will quit FBR Focus Fund on Sept. 22, and plans to launch his own fund, Akre Focus Fund.Under Charles Akre’s leadership, the FBR fund is the 10th-best stock fund performer since 1996.
Posted in Finance Fraud, Mutual Funds Tags: Akre, American Tower Corp, Assets Under Management, Best Performing Mutual Funds, Better Communications, Cap Funds, Capital Management, Communicatio, Five Star Rating, Focus Fund, Fund Shareholders, Leggio, Mid Cap Growth, Morningstar, Own Destiny, S 500, Shareholder Letters, Stock Fund, Stock Funds, Stock Holdings No Comments »BlackRock to pay $13.5B for Barclays Global Investors
June 13th, 2009 Before You Invest Money manager BlackRock will become the largest asset manager in the world with its acquisition of Barclays Global Investors. The deal will boost BlackRock’s assets under management to about $2.7 trillion. “This is a transformational transaction,” said BlackRock CEO Laurence Fink.more athttp://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6483638.ece
Westgate chief charged with $150m fraud
April 27th, 2009 Before You Invest The president of New York-based investment firm Westgate Capital Management has been indicted on criminal charges relating to an alleged $150 million investment fraud.James Nicholson faces four felony charges in all, including securities fraud and investment adviser fraud, acting US attorney for the Southern District of New York Lev Dassin said.The indictment alleges that Mr Nicholson started the fraud in approximately 2004.
Posted in Finance Fraud Tags: 5 Million, Assets Under Management, Capital Management, Checks, Criminal Charges, Faces, Felony Charges, Indictment, Investment Adviser, Investment Firm, Investment Fraud, Investments, Investors, James Nicholson, Marketing Brochures, Mr Nicholson, Prosecutors, Securities Fraud, Southern District Of New York, True Value No Comments »Bridgewater named biggest US hedge fund manager
March 9th, 2009 Before You Invest Connecticut-based Bridgewater Associates has topped a new poll to find the United States’ largest hedge fund manager, overtaking JP Morgan Chase. The rankings, compiled by Absolute Return magazine, puts the firm’s assets under management at $38.6 billion as of January 1st. This represents an 11 percent decline since July of last year, but it was still enough to beat the Wall Street veteran. JP Morgan came second with $32.9 billion under management, down 26 per cent in the six months to the end of 2008. New York’s Paulson & Co climbed one place to third with $29 billion in assets under management, swapping places with DE Shaw Group, which clocked up investments worth $28.6 billion. Overall, the Absolute Return survey found that the number of US hedge fund managers controlling $1 billion or more had declined by 19 percent to 218 firms. New York was found to be the heartland of America’s hedge fund industry, with 121 fund managers – including seven of the top ten firms – calling the Empire State home. Connecticut was second with 29, followed by California.
Posted in Finance Fraud Tags: 1 Billion, Absolute Return, Assets Under Management, Bridgewater Associates, De Shaw, Decline, Empire State, Fund Managers, Heartland Of America, Home Connecticut, January 1st, Jp Morgan, Jp Morgan Chase, New Poll, Paulson, Return Survey, Shaw Group, Street Veteran, Survey Found That, Wall Street Comments OffDetails from Stanford company websites about his financial empire
February 18th, 2009 Before You Invest Quote from Allen Stanford in magazine”Our world is far different than the world my grandfather lived in when the first Stanford company was founded … As a company founded in the midst of the Fantastic Depression — an environment of despair and negativity — we have a long-proven understanding of how even the most severe downcycles can bring opportunities that yield significant benefits in the long run.”Following are details from Stanford company websites about his financial empire, including from a 2008 copy of the group’s Stanford Eagle Magazine.
Posted in Finance Fraud Tags: Advisement, Assets Under Management, Civil Complaint, Company Websites, Downcycles, Eagle Magazine, Fifth Generation, Financial Empire, Global Management, Global Wealth, Government Affairs Office, Great Depression, Institutional Service, Mexia, Policy Research Group, Securities And Exchange Commission, Stanford Group Company, Stanford Policy, Us Virgin Islands, Wealth Management Comments Off
