Wednesday, 30 July 2014
Last updated 2 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…