Ken Griffin’s Citadel LLC and Cambiar Investors LLC are among asset managers that reported holdings in billionaire Daniel Loeb’s Third Point Reinsurance Ltd. after the company’s initial public offering.
Carlyle Group LP, the world’s second- largest manager of alternative assets such as private equity and real estate, said third-quarter profit decreased 21 percent as it earned less for investment performance and sold fewer assets than a year ago.
We swoop down through the clouds to the Coliseum grounds. We see senators, centurions, aqueducts, Caesar, bloody-handed Brutus, Roman baths. So far, we might be watching a cheesy educational video about ancient Rome or a really bad movie preview.
RBC Wealth Management, the unit of Toronto-based Royal Bank of Canada that oversees almost $200 billion for more than 350,000 households, won the highest satisfaction ranking in a survey of full-service investment firms’ customers, according to J.D. Power & Associates.
Ray Bakhramov has been waiting almost two years for his hedge fund’s bet against emerging markets to pay off, which spurred a 20 percent loss in 2012 and cost him clients. Even with a slump from bonds to currencies over the last five months, he’s still waiting.