Sunday, 21 December 2014
Last updated 1 day ago
Apr 24 2008 | 11:39am ET
Ameriprise Financial and Lincoln Financial Group are in talks to acquire J.W. Seligman & Co. with an eye toward its highly-successful $1 billion technology hedge fund.
The Seligman Tech Spectrum Fund, managed by Paul Wick, is down 4.3% this year, but returned 16.6% last year and 28.4% the year before. The fund is currently closed to new investors.
Seligman also manages a number of traditional investment portfolios, which both Ameriprise and Lincoln Financial could fold into their own products, Dow Jones reports.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.