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BlackRock, Inc has reported full year diluted EPS of USD12.37, up 17% from 2010. Fourth quarter 2011 net income of USD555 million was down 7% from third quarter 2011 and 16% from a year ago.
Operating income for the fourth quarter and full year 2011 was USD808 million and USD3.2 billion, respectively. The full year 2011 operating margin was 35.8%. In the fourth quarter, BlackRock repurchased approximately 618,000 shares.
As adjusted results: Full year 2011 operating income of USD3.4 billion improved USD225 million, or 7%, and diluted EPS of USD11.85 improved 8% compared with 2010. Fourth quarter diluted EPS
US hedge fund Independence Capital Asset Partners (ICAP) has launched an onshore UCITS-compliant version of its flagship fund in conjunction with Swiss f
Ireland has ushered in its first Malaysian-managed fund platform this week.
German asset management firm, Fortinbras Asset Management, this week announced the launch of a new UCITS fund in conjunction with Deutsche Bank.
Increasingly, with Europe in turmoil and investors scratching their heads for the next growth story, the likes of Brazil, Chile, Columbia are gaining popularity
International fund service provider Ifina Group and Isle of Man-based fiduciary service provider IQE have announced a co-operation initiative designed to strengthen both firms’ expertise, extend the services offered to clients and allow each firm to gain access to new jurisdictions. According to Ifina director Derek Adler (pictured), the two firms have been in discussions about possible co-operation for several months.
International Financial Administration Group is a multi-jurisdictional group of companies providing investment fund formation and administration and valuation services for investment funds domiciled in major centres including the UK, British Virgin Islands, Cayman Islands, US, Malta, Switzerland, Austria, Panama,
HazelTree, a provider of Treasury management services for alternative investment managers, has announced the appointment of Paul Calderone to the position of Managing Director of Operations, effective immediately.
Calderone brings a wealth of knowledge and experience from his years in institutional sales and development at Credit Suisse. In his new position, he will manage all aspects of HazelTree’s rapidly expanding operations, which are focused on delivering high-performance Treasury functionality to multi-primed hedge funds.
"HazelTree’s client base has tripled over the past six months, so Paul is joining us at a particularly exciting and opportune time," says company CEO Stephen Casner
The Luxembourg funds industry continued to expand over the last 12 months despite the eurozone crisis and declines in major stock indices. The number of funds in Luxembourg rose by 4.84% to 3,833 and net sales amounted to EUR16.998bn. While total AUM decreased over the period by EUR101.453bn, mainly as a result of market depreciation, total assets under management were still a steady EUR2,059.419bn, second globally only to the US.
The increase in net sales and funds enabled the Luxembourg fund industry to continue to maintain and even create employment in 2011. The Luxembourg financial centre, of which the fund
Total capital invested in the hedge fund industry regained the USD2 trillion milestone to conclude 2011, according to data released today by HFR (Hedge Fund Research). The industry originally eclipsed USD2 trillion in AUM in Q1 2011 and peaked at USD2.04 trillion at mid-year before declining to USD1.97 trillion to end the volatile Q3 11.
Total hedge fund AUM finished the year at USD2.01 trillion, as Q4 2011 performance gains offset a nominal net capital outflow of USD127 million, a figure representing approximately 0.007% of total industry AUM. For the full year 2011, investors allocated USD70 billion of net new
Trinity Fund Administration (Cayman) Ltd has opened a new office in New York City. The New York office will be primarily a local contact point enabling the firm to better facilitate its North American clients and business partners.
John McCann (pictured), Managing Director of the Trinity Group, says: “North America is a key market for us, and we are absolutely delighted to be opening up a New York office which will further support our existing clients in the region, as well as bring in new prospective investment managers to our global business. We have no doubt that the opening of
