Yahoo! Canada Finance: Asset Management Industry News

Press Conference Call on New Pension Report

Fri, 08 Aug 2008 14:05:46 GMT

Business Wire - National Institute on Retirement Security (NIRS):

Lazard Hires Marcel Herter as Head of Debt Advisory in Germany

Fri, 08 Aug 2008 08:00:22 GMT

Business Wire - Lazard Ltd (NYSE:LAZ) announced today that Marcel Herter has joined the firm as a Managing Director and Head of Debt Advisory in Germany, effective August 1.

Integrated Asset Management Corp. Announces Results for the Third Quarter of Fiscal 2008

Thu, 07 Aug 2008 21:08:22 GMT

Marketwire - Integrated Asset Management Corp. ("IAM") (TSX:IAM) today announced unaudited financial results for the quarter ended June 30, 2008.

Westwood One, Inc. Reports Results for the Second Quarter 2008

Thu, 07 Aug 2008 20:01:54 GMT

PRNewswire - Westwood One, Inc. (NYSE: WON) a provider of analog and digital media content, including news, sports, entertainment, traffic, weather, video news services and other information, to the radio, TV and on-line sectors, today reported its operating results for its second quarter ended June 30, 2008.

Hennessy Advisors, Inc. Announces Third Quarter Earnings of $0.06 Per Share

Thu, 07 Aug 2008 16:00:17 GMT

PRNewswire - Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA) Chief Executive Officer, Neil Hennessy, today announced fully diluted earnings per share for Hennessy Advisors, Inc. of $0.06 for the third quarter, which ended June 30, 2008, versus $0.17 for the prior comparable period.

Kiland Business Management Systems Selects AAID Security Solutions to Provide Long-Range RFID Readers and Tags With its Serial Asset Equipment Managem

Thu, 07 Aug 2008 12:02:37 GMT

PRNewswire - AAID Security Solutions, Member of Vuance Ltd., (Nasdaq: VUNC) and Kiland Business Management Systems (KBMS) have entered into a Strategic Partnership to use AAID's Ultra Long-Range Radio Frequency Identification (RFID) Technology to identify assets and create real-time inventory awareness of equipment located in rental and sales lots.

Cable and Wireless Jamaica Pension Plan Restructures Assets Through Sale of Prime Jamaican Land and Commercial Properties

Wed, 06 Aug 2008 21:35:39 GMT

Business Wire - The Trustees of the Cable and Wireless Jamaica Pension Fund, one of Jamaica’s largest pension funds, have placed for sale on the international real estate market four prime Jamaican properties attributable to a strategic portfolio realignment.

U.S. Pension Plans Benefit from Falling Liabilities in July, According to BNY Mellon Asset Management

Wed, 06 Aug 2008 14:27:56 GMT

PRNewswire - Funding ratios at the typical U.S. pension plan improved 0.6 percentage points as assets dropped less than liabilities, according to BNY Mellon Asset Management. Typical pension plan liabilities fell 1.4 percentage points versus a 0.8 percentage-point decline for asset returns at a moderate risk portfolio.

Absolute Adds GPS Tracking to Industry-Leading Mobile IT Asset Management Suite

Wed, 06 Aug 2008 11:05:59 GMT

CNW Group - Absolute(R) Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions announced today the availability of geolocation tracking for Computrace(R).

RBC Asset Management Inc. and Phillips, Hager & North July Sales Results

Tue, 05 Aug 2008 19:27:28 GMT

CNW Group - RBC Asset Management Inc. (RBC AM) announced July net sales of $917 million. Money market funds had...

Westwood One to Report Second Quarter 2008 Results in Teleconference Call on Thursday, August 7, 2008

Mon, 04 Aug 2008 14:31:33 GMT

PRNewswire - Westwood One (NYSE: WON) announced today that the company will report second quarter earnings for 2008 on Thursday, August 7, 2008.

Piper Jaffray Deploys Imagine Software for Portfolio and Risk Management

Mon, 04 Aug 2008 13:43:06 GMT

Business Wire - Imagine Software, a leading provider of on-demand, real-time portfolio and risk management solutions worldwide, today announced the successful rollout of its Internet-based Derivatives.com product with respected international middle market investment bank and institutional securities firm Piper Jaffray.

DPS Appoints Executive Director of Janus Education Alliance

Mon, 04 Aug 2008 12:24:48 GMT

Business Wire - Denver Public Schools (DPS) today announced the appointment of Jennifer Stern as executive director of the Janus Education Alliance, a new initiative created to improve the recruitment, development and retention of high-performing teachers.

CalSTRS Seeks Pension Accounting Consultant

Fri, 01 Aug 2008 18:23:13 GMT

Business Wire - The California State Teachers' Retirement System (CalSTRS) today launched a search for a consultant team to research, design and implement a best practice model for pension accounting and to provide CalSTRS employees transition support and training in its operation.

Piper Jaffray Appoints Doug Cameron to Boost Global Leadership in Renewable Energy and Clean Technology

Fri, 01 Aug 2008 13:00:04 GMT

Business Wire - Piper Jaffray, a global leader in renewable energy and clean technology, announced today the addition of one of the leading figures in this emerging industry, Doug Cameron, as managing director and chief science advisor.

Integrated Asset Management Corp. Announces $ 30 Million Financing for Canlan Ice Sports Corp.

Thu, 31 Jul 2008 21:17:11 GMT

Marketwire - Integrated Asset Management Corp. (TSX:IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp.("IPD") announced today the closing of a $30 million financing for Canlan Ice Sports Corp. (TSX:ISE) ("Canlan") The financing is a senior secured note with a 10 year term.

Fitch Downgrades & Withdraws Trapeza Capital Management's TruPS CDO Asset Manager Rating

Thu, 31 Jul 2008 20:55:42 GMT

Business Wire - Fitch Ratings has downgraded Trapeza Capital Management's (Trapeza) trust preferred CDO asset manager rating to 'CAM2-' from 'CAM2' due to performance deterioration.

Daydream & Wowza Partner to Deliver Enterprise-Class Digital Asset Management

Thu, 31 Jul 2008 12:02:01 GMT

PRNewswire - Daydream (www.day dream.co.uk), leading European digital asset management specialists, has partnered with Wowza Media Systems, an emerging leader in streaming media software, to provide enterprise-class digital asset management services via Daydream's FocusOPEN DAM platform.

Westwood One and AirSage Partner to Launch Next Generation Platform for Traffic Reporting

Thu, 31 Jul 2008 11:31:12 GMT

PRNewswire - Westwood One, Inc. (NYSE: WON) today announced a multi-year strategic partnership with AirSage, Inc. to combine traffic speed and flow information derived from cell phone signals with Westwood One's leading traffic incident reporting expertise.

/C O R R E C T I O N from Source -- SEAMARK Asset Management Ltd./

Wed, 30 Jul 2008 21:08:23 GMT

CNW Group - SEAMARK Asset Management Ltd. today announced second quarter earnings of $0.03 per share. Assets under...

SEAMARK Asset Management Ltd. Declares Regular Dividend

Wed, 30 Jul 2008 20:01:58 GMT

CNW Group - The Board of Directors of SEAMARK Asset Management Ltd. (TSX: SM) today announced that the next regular quarterly dividend of $0.07 per share would be payable on August 29, 2008 to shareholders of record on August 15, 2008.

Shari'ah Scholars, Asset Managers, and Attorneys Discuss Positioning Asset Management for Success in Islamic Finance

Wed, 30 Jul 2008 15:38:12 GMT

Business Wire - Organized by Finance IQ, the 2nd Annual Islamic Finance World Summit will be held October 20-22, 2008 in New York, NY.

Marathon Asset Management Expands Its Equity Portfolio Management Team

Wed, 30 Jul 2008 13:07:17 GMT

PRNewswire - Marathon Asset Management, LLC ("Marathon") today announced that it has strengthened and expanded its equity portfolio management team dedicated to the global equity business by adding industry veterans with substantial experience.

Capital Z Asset Management Hires Business Development Veteran

Wed, 30 Jul 2008 13:06:56 GMT

PRNewswire - Capital Z Asset Management (CZAM), a sponsor of emerging hedge fund managers, announced today that James M.

RedPrairie Integrates Inventory and Asset Management to Improve Distribution Efficiency

Wed, 30 Jul 2008 12:37:09 GMT

Business Wire - RedPrairie Corporation, a world leading consumer driven optimization company, has integrated the extensive asset management capabilities of its standalone Mobile Resource Management product into its industry-leading Warehouse Management system.

Visible Assets Selects CipherLab to Offer RuBee(TM) Mobile Computers, an RFID Alternative for Asset Management and Logistics Systems

Wed, 30 Jul 2008 12:02:32 GMT

Business Wire - Visible Assets, Inc. today announced that it has selected CipherLab, a leading innovator in Automated Identification and Data Capture (AIDC) for the retail, warehouse and distribution markets, as a partner in offering an alternative to RFID-based asset management and logistics systems.

State Street Appointed by Lazard Asset Management to Provide Investment Manager Operations Outsourcing Services

Wed, 30 Jul 2008 11:14:37 GMT

Business Wire - State Street Corporation (NYSE: STT), the world’s leading provider of financial services to institutional investors, announced today that it has been appointed by Lazard Asset Management (LAM) to provide investment manager operations outsourcing services.

Lazard Ltd Reports First-Half and Second-Quarter 2008 Results

Wed, 30 Jul 2008 11:06:50 GMT

Business Wire - Lazard Ltd (NYSE: LAZ) today announced financial results for the first half and quarter ended June 30, 2008.

Lazard Declares Quarterly Dividend

Tue, 29 Jul 2008 20:27:47 GMT

Business Wire - Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has declared a quarterly dividend of $0.10 per share on its outstanding Class A common stock.

Lazard Elects Philip A. Laskawy to Board of Directors

Tue, 29 Jul 2008 20:21:32 GMT

Business Wire - Lazard Ltd (NYSE: LAZ) today announced that it has elected Philip A. Laskawy to the firm’s Board of Directors, effective immediately.

Twelve New Clients Turn to Widen for Digital Asset Management and Premedia Services

Tue, 29 Jul 2008 19:33:18 GMT

Business Wire - Widen Enterprises, a Madison, Wisconsin-based premedia and software as a service provider, is proud to announce the acquisition of twelve new clients during its second quarter.

Agreement Reached in AT&T Pension Calculation Lawsuit Reports Cohen, Milstein, Hausfeld & Toll and the Gottesdiener Law Firm

Tue, 29 Jul 2008 18:53:12 GMT

Business Wire - Attorneys for a class of participants in the AT&T Pension Plan today announced an agreement to settle a class action lawsuit filed in 2003 under which the AT&T Pension Plan will pay a total of $16 million to settle a claim that it miscalculated the pension benefits owed to some non-bargained (management) retirees of certain AT&T companies who retired under a 2000 early retirement window known as the Enhanced Pension and Retirement Program (“EPR”).

ThingMagic Astra RFID Reader Simplifies Asset Management

Tue, 29 Jul 2008 12:44:38 GMT

Business Wire - ThingMagic, Inc. (www.thingmagic.com), a leading developer of radio frequency identification (RFID) technology, today debuted the Astra integrated RFID reader/antenna for asset management applications.

JRK Property Holdings (Formerly Known as JRK Asset Management) Announces New Initiatives in Corporate Expansion and Branding

Tue, 29 Jul 2008 12:03:13 GMT

PRNewswire - Los Angeles-based JRK Asset Management today announced a major branding initiative for the company. Effective immediately, the fully integrated owner and operator of a $3 billion commercial real estate portfolio will incorporate the JRK prefix into each of its subsidiary companies' names to better utilize the name recognition established by JRK over its 16-year history.

Apisphere to Add Location-Awareness Capabilities to ICOMMM Infrastructure Asset Management Software

Tue, 29 Jul 2008 10:03:35 GMT

Business Wire - Apisphere Inc. (www.apisphere.com), a leading provider of location-awareness services for mobile business applications, today announced it will be integrating location-aware field force automation capabilities with ICOMMM’s infrastructure asset management software, which provides proactive monitoring, maintenance and support capabilities for water distribution and sanitary system infrastructures as well as other public works assets.

Bayview Asset Management Announces Strategic Investment from Blackstone

Mon, 28 Jul 2008 14:17:19 GMT

PRNewswire - Bayview Asset Management, LLC (Bayview), a subsidiary of Bayview Financial, L.P., announced today that it has entered into a definitive agreement to sell a minority interest in the company to Blackstone Capital Partners, an affiliate of The Blackstone Group (Blackstone).

Interactive Data to Deliver BondEdge Cash Flows Seamlessly Through GGY AXIS Asset-Liability System

Mon, 28 Jul 2008 13:00:41 GMT

Business Wire - Interactive Data Corporation (NYSE: IDC) a leading provider of financial market data, analytics and related services, today announced that its Fixed Income Analytics business will make available the BondEdge® structured finance cash flow engine and library through GGY’s AXIS system via a seamless link.

Astor Asset Management: 5 Simple Steps to a Safer 401k

Thu, 24 Jul 2008 20:52:19 GMT

Business Wire - If the value of your 401k is dropping at the same rate as the stock market, something is wrong, and it has to be fixed immediately.

Ontario Teachers' Pension Plan and Morgan Stanley Infrastructure complete acquisition of SAESA Group

Thu, 24 Jul 2008 18:24:36 GMT

CNW Group - The Ontario Teachers' Pension Plan (Teachers') and Morgan Stanley Infrastructure (MSI) have completed the transaction to jointly acquire SAESA Group (SAESA), a Chilean electricity distribution, transmission and generation company, from Public Service Enterprise Group (PSEG) for a purchase price of US$887 million.

PSEG Global Closes Sale of SAESA Group to Morgan Stanley Infrastructure and Ontario Teachers' Pension Plan

Thu, 24 Jul 2008 18:00:39 GMT

PRNewswire - PSEG Global today announced that it has closed the sale of the SAESA Group of Companies (SAESA Group) in southern Chile to a consortium formed by Morgan Stanley Infrastructure and the Ontario Teachers' Pension Plan. The transaction had a final equity sale value of approximately $887 million plus the assumption of more than $400 million of consolidated debt of the SAESA Group.

Western Asset Inflation Management Fund Inc. as of June 30, 2008

Thu, 24 Jul 2008 12:18:33 GMT

Business Wire - Western Asset Inflation Management Fund Inc. (NYSE: IMF) announces its portfolio composition as of June 30, 2008.

Janus Announces Second Quarter 2008 Results

Thu, 24 Jul 2008 12:02:06 GMT

Business Wire - Janus Capital Group Inc. (NYSE: JNS) today reported second quarter net income from continuing operations of $65.6 million, or $0.40 per diluted share, compared with net income from continuing operations of $39.0 million, or $0.24 per diluted share, in the first quarter 2008 and $51.6 million, or $0.28 per diluted share, in the second quarter 2007.

Westwood Holdings Group, Inc. Reports Second Quarter 2008 Results and Declares Quarterly Dividend

Wed, 23 Jul 2008 20:00:27 GMT

Business Wire - Westwood Holdings Group, Inc. (NYSE: WHG) (Westwood) today reported 2008 second quarter revenues of $9.7 million, net income of $1.7 million and earnings per diluted share of $0.27.

Ontario Teachers' Pension Plan Board (Teachers') - Statement re: Moneysupermarket.com Group Plc (Moneysupermarket.com)

Wed, 23 Jul 2008 19:57:27 GMT

CNW Group - At the request of the UK Takeover Panel, Teachers' confirms that it made a preliminary approach, through Teachers' private investment arm Teachers' Private Capital, to Simon Nixon, Moneysupermarket.com's majority shareholder, in relation to a possible offer for Moneysupermarket.com.

Keeley Asset Management Corp. Announces Minority Investment From TA Associates and Employee Equity Participation Plan

Wed, 23 Jul 2008 19:00:44 GMT

PRNewswire - Keeley Asset Management Corp., a leading mutual fund and investment advisory firm, and its sister company Keeley Investment Corp. announced a minority investment from Boston based TA Associates, one of the oldest and largest private equity firms in the U.S. with a long history of investing in asset management firms.

Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation, Includes CD

Wed, 23 Jul 2008 15:02:08 GMT

Business Wire - Research and Markets (http://www.researchandmarkets.com/resea rch/5b6203/efficient_asset_ma) has announced the addition of the "Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation Includes CD (Financial Management Association Survey and Synthesis Series)" report to their offering.

Lockheed Martin to Provide UK With Second Phase of Joint Asset Management and Engineering Solutions Programme

Wed, 23 Jul 2008 14:00:15 GMT

PRNewswire - Lockheed Martin (NYSE: LMT) will add new capabilities to the UK Ministry of Defence's Joint Asset Management and Engineering Solutions (JAMES) logistics support programme under a recent contract amendment valued at 75 million pounds Sterling.

UBS Global Asset Management Launches US Fundamental Equity Market Neutral Strategy

Wed, 23 Jul 2008 13:55:52 GMT

Business Wire - UBS Global Asset Management today announced the recent launch of its new US Fundamental Equity Market Neutral strategy.

Piper Jaffray Opens New Office in Richmond, Va.; Hires Tina Neal to Expand Public Finance Banking Presence on the East Coast

Wed, 23 Jul 2008 13:10:56 GMT

Business Wire - Piper Jaffray & Co. strengthened its public finance business with the addition of Tina Neal as a senior vice president, investment banker. Neal, who is a specialist in municipal project financings, will work out of a newly established office in Richmond, Va. and help to build the firm’s public finance banking presence on the East Coast.

KCMH Announces Registration Approval of the KCM Trading Group- Begins Capital Raise for Alternative Asset Management Division

Wed, 23 Jul 2008 12:48:14 GMT

Business Wire - KCM HOLDINGS CORP. (OTC:KCMH) announced today that The KCM Trading Group registration was approved by the Financial Industry Regulatory Authority (FINRA).

Western Asset Inflation Management Fund Inc. Announces Final Results of Tender Offer

Wed, 23 Jul 2008 12:04:42 GMT

Business Wire - Western Asset Inflation Management Fund Inc. (NYSE: IMF) (the “Fund”) announced today that, in accordance with its tender offer for up to 371,640 of its issued and outstanding shares of common stock, which expired on Tuesday, July 15, 2008, the Fund has accepted that number of shares for payment today at $18.32 per share.

BB&T pension plan buys BB&T common stock

Wed, 23 Jul 2008 12:01:47 GMT

PRNewswire - BB&T Corporation (NYSE: BBT) today announced that BB&T's pension plan purchased approximately 2.45 million shares of BB&T common stock for approximately $52.9 million in a private placement transaction.

About half of defined-benefit pension plan sponsors have frozen plans

Tue, 22 Jul 2008 23:54:00 GMT

The Canadian Press - WASHINGTON - About half of employers with defined-benefit pension plans have frozen one or more of those plans, putting the retirement incomes of millions at risk, according to a U.S. government report made public Tuesday.

Public Sector Pension fund could face bigger ABCP writedowns: analyst

Tue, 22 Jul 2008 21:40:00 GMT

The Canadian Press - TORONTO - Federal public servants may see further shrinkage of their pension fund after it took writedowns totalling more than $1.4 billion in the last fiscal year on asset-backed commercial paper and other financial instruments.

Federal pension fund hurt by writedowns

Tue, 22 Jul 2008 19:38:24 GMT

CBC - The pension fund that invests the money intended to provide for the retirement of federal employees, the military and RCMP, has taken a $920-million charge to account for faltering financial investments in the 2008 financial year.