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Sterling Capital Management, an investment manager offering equity, fixed income, and asset allocation investment solutions, has surpassed USD50 billion in assets under management.
As of 30 June, 2015, Sterling managed a total of USD50.4 billion in client assets. Founded in 1970, Sterling has evolved and grown steadily through the years, serving both institutional and individual clients throughout the United States and Europe. In the past 10 years alone, Sterling has experienced 70-percent growth in firm wide employees and 83-percent growth in new client assets.
"When I started back in 1991, we had less than USD1 billion in assets under
- 20/08/2015
Wedgewood Partners, a large cap growth equity asset manager, has appointed William “Bill” Thomas as Chief Compliance and Chief Administrative Officer.
Wedgewood manages approximately USD11 billion in client assets in Separately Managed Accounts (SMAs), Unified Managed Accounts (UMAs), and the USD2.4 billion (assets) RiverPark/Wedgewood Fund (RWGFX – Retail; RWGIX – Institutional) for which Wedgewood acts as the sub-advisor. Launched in September 2010, the RiverPark/Wedgewood Fund seeks long-term capital appreciation by investing primarily in the equity securities of approximately 18 -22 companies with market capitalisations in excess of USD5 billion and whom Wedgewood believes has a sustainable competitive advantage. Wedgewood’s Chief
- 20/08/2015
Lebenthal Asset Management (LAM), the asset management division of Lebenthal Holdings, has appointed Barbara Doran as a portfolio manager.
Doran will focus on large-cap growth equity strategies, joining a team that currently has capabilities in all-cap value, all-cap GARP, small- and mid-cap growth, income equity and taxable and tax-exempt fixed income.
“I am pleased to welcome Barb Doran to Lebenthal,” says James B Lebenthal (pictured), president of LAM. “Her specific portfolio management acumen will be a great resource for Lebenthal Asset Management and its client base, while her marketing skills will play a vital role in our asset-gathering process.
- 20/08/2015
Eze Software Group has enhanced its mobile offerings with the release of Eze Mobile for iPhone 6 and 6 Plus. The app gives users of the Eze Software OMS access to critical compliance, trading and portfolio management functionality on the go.
The functionality is already available for iPad and other mobile devices.
Eze Mobile will enable portfolio managers to use analytics data in real time, ensuring access to the latest portfolio updates on the go, including P&L. Compliance officers can ensure they can manage pre- and post-trade compliance alerts, view potential violations and manage restricted lists. Users can send
- 20/08/2015
The London Metal Exchange (LME) is to introduce market-making programmes to support the launch of new products and enhance liquidity on existing contracts. These are the first programmes of their kind to be introduced by the LME in its 138-year history.
The programmes will provide market makers for the LME’s forthcoming aluminium premium contract and two new ferrous contracts – steel scrap and steel rebar – set for launch on 23 November 2015. The LME is also today announcing a similar market-making programme, coming into effect on 1 October 2015, to boost existing third Wednesday contract liquidity on LMEselect as
- 20/08/2015
The real estate funds industry is alive and well from an asset raising perspective. In 2012, private RE funds closed with USD72 billion in committed institutional assets. By 2014, that number had increased by 45 per cent, according to leading alternative asset data provider, Preqin.
While this is encouraging, the reality is that for most RE managers, the playing field has become extremely competitive as more players enter the arena to compete for a share of the assets.
Institutional investors favour the big global names in real estate who are attracting the lion’s share of assets, in a similar fashion
- 20/08/2015
With concerns regarding infrastructure asset pricing ranking highest among institutional investors surveyed by Preqin, this extract from Preqin Infrastructure Spotlight – August 2015 examines the rise in average infrastructure deal sizes by geography, industry and project stage.
Global average deal size
As an asset class, infrastructure has grown in prominence and significance in recent years, although infrastructure deal flow has fluctuated alongside this. The number of completed infrastructure deals grew rapidly from 733 in 2009 to 1,056 in 2013. However, in 2014 the number of deals tailed off: only 883 deals were completed, with a further 325 completed this year so far.
- 20/08/2015
Hedge funds moved into health care stocks and shifted out of info tech stocks in Q2, according to S&P Capital IQ’s latest quarterly hedge fund tracker.
Health care drove the bulk of hedge fund buying for the second straight quarter, with net buys of USD7.2 billion, up from USD4.8 billion in Q1. The sector now constitutes 26 per cent of the holdings for ten largest hedge funds.
In a sign that activist investing is alive and well, activist target Baxter International was a top buy in Q2. This stock now constitutes about 18 per cent of Dan Loeb’s Third
- 20/08/2015
Liquidnet has launched its Next Gen Algo suite, designed to enhance the trading performance of its asset manager Member community around the world with precision tools built to address the complexities of institutional trading.
Liquidnet’s Next Gen Algos, in development for more than a year, have been engineered to address three key institutional needs: seeking large-scale liquidity, outperforming benchmarks, and trading portfolios.
“Our Next Gen Algos are the only ones that leverage Liquidnet’s deep and diverse pool of institutional liquidity spanning five continents and 13.7 billion shares in more than 7,500 symbols. As one of the few unconflicted, agency-only
- 20/08/2015
Chicago-based futures brokerage and clearing firm RJ O'Brien & Associates’ (RJO) London affiliate RJ O'Brien Limited is now live on the London Metal Exchange (LME) following its July 23 approval as a Category 2 clearing member.
RJO Chairman and Chief Executive Officer Gerald F Corcoran says: "We are very pleased to expand our capabilities and offer our clients direct services on the LME. This represents our first general clearing membership on a foreign board of trade. As we proceed on our product and regional growth initiatives in Europe and globally, we intend to strategically join a number of additional exchanges
- 20/08/2015
- 20/08/2015
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