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Investment Management & Fund Operators

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IGM Financial announces initiatives to enhance operational effectiveness

Tuesday, 14 Nov 2017

Nov 14 (Reuters) - IGm Financial Inc :IGM Financial Inc. announces initiatives to enhance operational effectiveness.IGM Financial - ‍during Q4, will record a one-time charge of about $118 million after-tax, or $160 million pre-tax which equates to $0.49 per share after-tax​.IGM Financial Inc - ‍among initiatives is a decision to discontinue development of a new investment fund accounting system​.IGM Financial Inc - ‍after a thorough review, company instead will upgrade its current solution for investment fund accounting system​.IGM Financial - ‍post implementation of initiatives, anticipates 2018 non-commission expense increases of 5% relative to 2017​.IGM Financial - due to discontinued development ‍of investment fund accounting system​, other decisions, co to record charge about $74 million after-tax.

Anadarko to build new regional headquarters at Westridge Commons site

Wednesday, 8 Nov 2017

Nov 8 (Reuters) - KKR & Co LP ::Anadarko to build new regional headquarters at Westridge Commons site.‍Anadarko Petroleum Corporation has selected Westridge Commons as site for its new regional office​.

Aurelius acquires Cargill's Switzerland-based animal feed business

Monday, 6 Nov 2017

Nov 6 (Reuters) - AURELIUS EQUITY OPPORTUNITIES SE & CO KGAA :DGAP-NEWS: AURELIUS ACQUIRES CARGILL'S SWITZERLAND-BASED ANIMAL FEED BUSINESS.‍PARTIES AGREED NOT TO DISCLOSE PURCHASE PRICE​.AURELIUS EQUITY OPPORTUNITIES SE & CO KGAA - ‍CARGILL GENERATED REVENUES OF ROUGHLY EUR 130 MILLION IN FY 2017 (ENDING MAY 31, 2017)​.

Blackstone Group LP Q3 2017 total revenues $1.75 billion versus $1.43 billion ‍​

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Blackstone Group LP :Blackstone Group LP Q3 2017 total revenues $1.75 billion versus $1.43 billion ‍​.Blackstone Group LP qtrly net income per unit $0.56‍​.Blackstone Group LP qtrly economic net income was $834 million, up 21 percent; qtrly economic net income per unit $0.69.Blackstone Group LP qtrly distributable earnings was $626 million, up 5 percent; qtrly distributable earnings per unit $0.52.Blackstone Group LP - inflows were $19.7 billion in the quarter, bringing the last twelve months inflows to$62.4 billion‍​.Blackstone group LP - total AUM increased 7% year-over-year to $387.4 billion at quarter-end.Blackstone Group LP - declared qtrly distribution of $0.44/common unit to record holders of common units at the close of business on October 30, 2017.Q3 earnings per share view $0.54, revenue view $1.40 billion -- Thomson Reuters I/B/E/S.

Northern Trust Corporation reports third quarter net income of $298.4 million

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Northern Trust Corp :Northern Trust Corporation reports third quarter net income of $298.4 million, earnings per common share of $1.20.Q3 earnings per share $1.20.Q3 earnings per share view $1.12 -- Thomson Reuters I/B/E/S.Northern Trust Corp qtrly return on average common equity was ‍12.2%​ versus 11.6% in Q2.Northern Trust Corp - total assets under management at quarter-end $‍1,125.1​ billion versus $1,028.8 billion at Q2-end.Northern Trust Corp - qtrly net interest income on FTE basis $ 366.2 million versus $310.1 million.Northern Trust Corp qtrly ‍total revenue on FTE basis was $1,357.2 million versus $1,220.7 million​.Q3 revenue view $1.34 billion -- Thomson Reuters I/B/E/S.Northern Trust Corp - quarter end advanced approach common equity tier 1 ratio 13.3 percent versus 13.2 percent at Q2 end.Northern Trust - ‍with 'value for spend' initiative, plan to reduce expense run-rate by approximately $250 million by 2020​.

Premier Asset Management says Q4 ‍total AUM increased to 6.1 bln stg

Tuesday, 10 Oct 2017

Oct 10 (Reuters) - PREMIER ASSET MANAGEMENT GROUP PLC ::Q4 ‍TOTAL AUM INCREASED TO £6.1 BILLION AS AT 30 SEPTEMBER 2017​.‍Q4 TOTAL NET INFLOWS OVER YEAR ENDED 30 SEPTEMBER 2017 OF £747M​.Q4 ‍TOTAL NET INFLOWS OVER QUARTER ENDED 30 SEPTEMBER 2017 OF £205M​."‍ECONOMIC AND BUSINESS CHALLENGES RELATING TO BREXIT ARE NO CLEARER THAN THEY WERE SEVERAL MONTHS AGO"​." BREXIT UNCERTAINTY LOOKS SET TO PERSIST FOR SOME TIME YET"​.

Azimut Holding completes demerger by incorporation of Azimut Consulenza SIM

Monday, 3 Oct 2016

Azimut Holding SpA : Files contract on demerger by incorporation of Azimut Consulenza SIM in Azimut Capital Management SGR . As a result of the demerger, all of the equity, assets and liabilities of Azimut Consulenza SIM SpA will be transferred to Azimut Capital Management SGR, Azimut Financial Insurance SpA and the newly formed Azimut Partecipazioni Srl .The group now awaits the removal of Azimut by the Bank of Italy from the Securities Investment Firms (SIM) register and will pay 1.0 euro per share dividend within 30 days of such removal.

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