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News

UBS Vet Opens Firm

Brian Singer has launched investment management firm Singer Partners, which will reunite him with former UBS Global Asset Management colleagues. Singer, who resigned from his post of Americas CIO and head of global investments solutions at UBS in 2007, will be partner and CIO at the new venture. Edouard Senechal who was previously a senior risk manager and executive director at UBS and Renato Staub, who has resigned from his position as senior asset allocation and risk…

Hall Capital Names New President

John Buoymaster will now serve as president of Hall Capital Partners, the firm announced in a statement. Buoymaster, who will also continue to hold the position of director of portfolio management, replaces John Boneparth who left Hall Capital to resume his consulting business. Buoymaster is also a member of the firm's executive committee and board of directors. In new role, Buoymaster will be responsible for guiding the firm's business strategy and operations. 'I'm delighted…

Munder Creates President Role

Munder Capital Management has selected James FitzGerald to serve as its first ever president, a newly created position in which he will report to John Adams, the firm's CEO and CIO. While retaining his responsibilities as of distribution and chief marketing officer, FitzGerald will now focus on overseeing the firm's growth plans. Prior to joining Munder in 2004, FitzGerald was a senior VP at MFS Investment Management. Earlier in his career he worked at Great West…

Haldeman Steps Down From Putnam Roles

After postponing his retirement following the sale of Putnam Investments to Power Financial two years ago, Charles 'Ed' Haldeman has stepped down from his positions as chairman of Putnam Investment Management, president of the Putnam Funds and member of Putnam Funds' board of trustees, Putnam said Tuesday. Putnam President and CEO Robert L. Reynolds will replace Haldeman as president of the Putnam Funds, but the position of chairman of Putnam Investment Management will not be replaced. 'Ed…

Madoff Receives 150-Year Sentence

Bernie Madoff, the mastermind behind a massive multi-billion dollar billion Ponzi scheme, a fraud measured by some to have reached $65 billion, was sentenced to 150 years in prison, the maximum allowed for this white-collar crime, by Judge Denny Chin yesterday in a Manhattan courtroom. When Chin announced the sentence the reaction from the courtroom was a round of applause, according to reports. Madoff, who pleaded guilty to the fraud in March, apologized to his…

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Articles

Odds & Ends - June 29, 2009

*Marc Seidner is stepping down from his position as head of domestic debt investing with Harvard Management Company (HMC). HMC oversees Harvard University's $29 billion endowment fund. Seidner is stepping down at the end of the month following a three-yeat stint in the role. *Janus Capital Group Institutional has named Jason Stefanelli VP and institutional sales director, where he will market strategies managed by the firm and its subsidiaries, Perkins Investment Management and INTECH, to corporations,…

Odds & Ends - June 22, 2009

*Auriel Capital Management has named Adam Seitchik managing director, where he will develop customized environmental, social and governance strategies for institutional investors. Seitchik was previously CIO at Trillium Asset Management. He has been replaced at Trillium by Stephanie Leighton, who was promoted from director of equity research to CIO, and by Farnum Brown, a portfolio manager who also took on some of Seitchik's former duties. *The $77.2 billion Ontario Teachers Pension Plan (OTPP) has named…

Private Equity Faces Uphill Climb

The private equity business is facing trouble. A large number of private firms--23%--are expected to go out of business in coming years because of the economic downturn, according to a new study by Coller Capital. In its Global Private Equity Barometer report unveiled earlier this week, the London and New York secondary private equity firm disclosed that institutional investors believe that 23% of leveraged buyout firms and 28% of venture capital firms won't be able to raise…

BlackRock Scoops Up BGI

Barclays on Friday announced the sale of its asset management business, Barclays Global Investors (BGI), to BlackRock for $13.5 billion, a transaction that creates a money management giant. The sale, a cash and stock deal, gives Barclays a nearly 20% interest in the newly combined group, which will be renamed BlackRock Global Investors. State Street Corp. and Vanguard Group, meanwhile, face a new and powerful competitor, say market observers. Barclays has by far the largest ETF business,…

Odds & Ends - June 15, 2009

David Oliner has joined Dune Capital Management as a managing director and principal, where he will also serve as a partner of Dune Real Estate Partners and as a member of the real estate investment committee. Before joining Dune, Oliner was as managing director and senior commercial mortgage trader at Morgan Stanley. Prior to that, he was a senior trader at Bankers Trust. Jack Taylor, Steven Plust and Stephen Alpart have joined Prudential Real Estate…

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