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Shaun Botterill/Getty Images After being trapped in a lift during the power cuts that crippled Britain in the early 1970s, Edward Bramson decided he had had enough of the UK. He quit for the US and began to make his name as a corporate raider.
Corrects Jan 20th story throughout to reflect that Thomson Reuters I/B/E/S changed forecast EPS figure to 37 cents a share from 35 cents, and adjusted actual EPS figure to 43 cents from 26 cents. The bank therefore beat expectations for profits,
The deal takes place in light of the dramatic increase in the company's international client base in the past year." Co. , run by chairman CEO Tal Keinan, today announced that David Steinhardt, who co-founded the company with Keinan and Jay Pomrenze,
C Trustee Company to France-based Natixis Global Asset Management...The tie-up will also allow the French fund manager with 719 billion dollars under management to expand its business in Asia, it added.
Glasgow, yesterday announced plans to create a £2.4 billion advisory business. The company, previously known as Resolution and Britannic, has recruited Michiel Timmerman from Aberdeen Asset Management to run Ignis Advisers, which will combine the
Suncorp says it will remain Tyndall Investment's major client, with about $18 billion of funds under management. "This transaction continues the simplification of the life business which will see us focus on life insurance, complemented by
Asset manager Blackstone Group has agreed to invest about $500 million for shares in General Growth Properties Inc. once the shopping mall operator emerges from Chapter 11 bankruptcy protection. General Growth disclosed
M General Growth Properties Inc. says asset manager Blackstone Group has agreed to invest about $500 million for shares in the shopping mall operator once it emerges from Chapter 11 bankruptcy protection. General Growth Properties Inc. says asset
Industry watchers have said equity funds targeting China could see double-digit returns per year under a five-year investment horizon. Four China-focused equity funds in Singapore saw returns of up to seven per cent in the three months to mid-August.
Daly, 48, has been with Legg for 22 years, including about nine years as CFO. Terrence Murphy, chief operating officer with Legg affiliate ClearBridge Advisors in New York has been named interim CFO while the company looks for a permanent replacement