Fund manager Invesco said Monday that it had agreed to buy Morgan Stanley’s retail investment-management business for $1.5 billion in stock and cash. Morgan Stanley will receive $500 million in cash and $1 billion in stock, remaining the largest shareholder in the business, with a 9.4% stake. “This combines two midsize firms to make more scale in an industry where we reckon the largest companies are pretty well-positioned,” said Jeffrey Hopson, an analyst with Stifel Nicolaus.more at http://www.bloomberg.com/apps/news?pid=20601087&sid=a_YV.9gvXkCI
Posts Tagged ‘Business Manager’
Ethics are Part of Future Business Leaders’ Goals
June 3rd, 2009 
Before You Invest It takes some very smart young people to appreciate the need for ethics in business at an early age. Some established leaders in corporate America are realizing the financial stability caused by a firm commitment to ethics in law and business. The following fascinating tale is from the New York Times.
Posted in Finance Fraud 
Tags: Ambitions, Business Leaders, Business Manager, Business School Community, Carlock, Columbia Business School, Corpora, Corporate America, Corporate Responsibility, Ethics In Business, Financial Stability, Firm Commitment, Genentech, Graduating Class, Harvard Business School, Honor Code, Interesting Story, Lifelong Member, Madoff, New York Times, Top Business Schools 
No Comments »Thomson Reuters to Provide Sub-Millisecond Access to ISE
March 9th, 2009 Before You Invest Thomson Reuters today announced it has launched a new ultra low latency market data solution to the International Securities Exchange (ISE). Through Reuters Data Feed Direct, clients can access ISE’s Depth of Market Feed which provides increased trading opportunities within the equity options market by disseminating five price levels aggregated by quantity. Markets participants can deploy the new solution from within their own premises, co-located at the exchange or at Thomson Reuters hosting centre.
Posted in Finance Fraud Tags: Active Trading, Algorithmic Trading, Automated Trading, Business Manager, Data Solution, Direct Exchange, Equity Options, Global Business, Global Execution, High Frequency, International Securities Exchange, Maintenance Efforts, New Solution, Options Market, Options Markets, Reuters Data, Scott Kennedy, Soule, Standard Deviation, Time Feed Comments OffMadoff Exposure Spreads to Labor Union Pension Funds
January 9th, 2009 Before You Invest The financial carnage coming out of the Bernard Madoff investment scandal is now spreading from charities and wealthy individuals to labor union pension funds. In recent days, several have fessed up to their members their significant exposure to Madoff’s investment scheme, which will result in massive losses to their members.
Posted in Finance Fraud Tags: Assets Under Management, Bernard Madoff, Business Manager, Carpenters Union, Cnbc, Empire State, Financial History, Investment Scheme, Jeanneret, Massive Losses, Money Manager, Morin, Pension Assets, Pension Money, Ponzi Scheme, Sifting Through, Union Carpenters, Union Pension Funds, Wealthy Individuals, Wreckage No Comments »
