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Showing 941 - 950 of 1132 results for "Parent"

Neuberger Berman pledges money guarantee

RUTH LIEW  |  THURSDAY, 9 OCT 2008
... whether a money market fund making a claim has complied with the conditions. Neuberger Berman along with a huge slice of the parent company's asset management business was recently sold for $2.7 billion to private equity giants Bain Capital Partners ...

PE firms gobble Lehman Bros AM

RUTH LIEW  |  WEDNESDAY, 1 OCT 2008
Neuberger Berman, a subsidiary of the now defunct Lehman Brothers, along with a huge slice of the parent company's asset management business has been sold for $2.7 billion to private equity giants Bain Capital Partners and Hellman & Friedman. The transaction ...

AIG not impacted by bail-out failure

ALEX DUNNIN  |  TUESDAY, 30 SEP 2008
... New York Times. The failure of the bill, however, has no impact on the funding arrangement already put in place for AIG, parent company for AIG Life Australia. This is because on 16 September, the US Federal Reserve agreed to assist AIG via a US$85 billion ...

Fortis bank $19.5bn bail-out 'stabilises' FIA

MICHELLE BALTAZAR  |  MONDAY, 29 SEP 2008
... Management business, was fully integrated into Fortis Investments in May and should not be lumped along the forced sale of the parent group's ABN Amro holding, as announced today. Adding to that, the $6 billion in funds under management handled on clients' ...

Nomura absorbs Lehman Bros Australia

MICHELLE BALTAZAR  |  TUESDAY, 23 SEP 2008
... reported that Lehman Brothers in Europe is planning to recoup more than $10 billion of its own funds which was sitting in the parent account before the company filed for bankruptcy. It argued that the monies weren't part of the Barclays transaction and ...

Super cushions local asset managers

MICHELLE BALTAZAR  |  FRIDAY, 19 SEP 2008
... current market crisis - unlike their European and US counterparts which are under the hammer, if not already sold, as their parent banks review their capital base. Contrary to events unfolding overseas, where companies such as Spanish bank Santander ...

HBOS Australia gives Lloyds thumbs up

RUTH LIEW  |  FRIDAY, 19 SEP 2008
HBOS Australia's parent company is being swallowed by UK bank Lloyds TBS, but its local arm is welcoming the move as a way to grow its client base. In a statement released by the company, HBOS Australia claims the acquisition would position the firms' ...

Lehman Bros files for bankruptcy

RUTH LIEW  |  TUESDAY, 16 SEP 2008
... administration. "The directors of [these firms] have concluded that in the absence of ongoing financial support from the ultimate parent company, they are or are likely to become unable to pay their debts as they fall due and accordingly have taken steps ...

Astarra joins Deloitte online service

MICHAEL HOBBS  |  MONDAY, 15 SEP 2008
... software's ability to show directors and board members specific data across a range of policies and procedures. The firm's parent company, Astarra Funds Management manages $365 million in funds under management and Astarra Capital manages more than $660 ...

Once lost, now found: super

RUTH LIEW  |  MONDAY, 18 AUG 2008
... customers hunt and consolidate lost super accounts. Earlier this year, the CommInsure-backed fund joined ranks with its parent bank to data-match lost members against their customer information databases. Industry superannuation funds have also been ...