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BNY Mellon Investment Management
BNY Investments is the investment management division of BNY. It is one of the largest asset managers in the world. BNY Investments operates a multi-boutique model where individual investment managers operate largely autonomously under it. Background BNY Investments traces its origins to BNY Asset Management and Mellon Asset management which were the asset management divisions of Bank of New York and Mellon Financial respectively. In July 2007, BNY Mellon was created from the merger of the Bank of New York and Mellon Financial and BNY Mellon Investment Management (BNY Mellon IM) was created as a result of merging BNY Asset Management and Mellon Asset management. At the time of the deal, Mellon Asset management was far larger of the two with $930 billion (around 85%) in assets under management while BNY Asset management only had $179 billion under management. Under Mellon Asset management were the units Dreyfus, Newton, Walter Scott, Boston Company Asset Managem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emerging Market
An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to ''The Economist'', many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. Emerging market economies’ share of global PPP-adjusted GDP has risen from 27 percent in 1960 to around 53 percent by 2013. The ten largest emerging economies by nominal GDP are 4 of the 9 BRICS countries (Brazil, Russia, India, and China) along with Mexico, South Korea, Indonesia, Turkey ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lovell Minnick Partners
Lovell Minnick Partners is a private equity firm focused on investments in middle market financial and related business services companies in North America and Europe. History and structure Lovell Minnick was founded in 1999 by financial services executives Jeffrey D. Lovell and James E. Minnick. The firm currently has offices in Philadelphia, Los Angeles and New York. The firm has raised over $3 billion in committed capital since inception from institutional investors such as public and private pension funds, insurance companies, endowments and foundations. The firm has invested in more than 50 portfolio companies and made over 80 add-on acquisitions in the last 18 years. Some of the firm’s notable previously owned investments include ALPS, J.S. Held, Worldwide Facilities, Duff & Phelps, and AssetMark. More recent investments include SRS Acquiom, Mercer Advisors (which was sold to Oak Hill Capital in 2019), Foreside Financial Group, CenterSquare Investment Management, Tortoise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Assets
Real assets is an investment asset class that covers investments in physical assets such as real estate, energy, and infrastructure. Real assets have an inherent physical worth. Real assets differ from financial assets in that financial assets get their value from a contractual right and are typically intangible. Real assets are categorized into three categories: * Real Estate: REITs, commercial real estate, and residential * Natural Resources: Energy, Oil & gas, MLPs, timber, agriculture, solar, mining, and commodities *Infrastructure: Transportation (roads, airports, railroads), utilities, telecommunications infrastructure Real assets are appealing to investors for four reasons: high current income, inflation protection / equity appreciation, low correlation to equity markets, and favorable tax treatment. Background Investing in real assets has existed since the advent of property ownership. However, public investment only began in 1965, when the first publicly traded REIT ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernie Madoff
Bernard Lawrence Madoff ( ; April 29, 1938April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. He was at one time chairman of the Nasdaq stock exchange. Madoff's firm had two basic units: a stock brokerage and an asset management business; the Ponzi scheme was centered in the asset management business. Madoff founded a penny stock brokerage in 1960, which eventually grew into Bernard L. Madoff Investment Securities. He served as the company's chairman until his arrest on December 11, 2008. That year, the firm was the sixth-largest market maker in S&P 500 stocks. While the stock brokerage part of the business had a public profile, Madoff tried to keep his asset management business low profile and exclusive. At the firm, he employed his brother Peter Madoff as senior managing director and chief compliance officer, Peter's daughter Shana Madoff as t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Cuomo
Andrew Mark Cuomo ( , ; born December 6, 1957) is an American politician and lawyer who served as the 56th governor of New York from 2011 until his resignation in 2021. A member of the Democratic Party and son of former governor Mario Cuomo, Cuomo previously served as the 64th attorney general of New York from 2007 to 2010, and is currently running for mayor of New York City. Born in Queens, New York City, Cuomo is a graduate of Fordham University and Albany Law School. He began his career working as the campaign manager for his father in the 1982 New York gubernatorial election. Later, Cuomo entered the private practice of law and chaired the New York City Homeless Commission from 1990 to 1993. Cuomo then served in the United States Department of Housing and Urban Development as assistant secretary from 1993 to 1997 and as secretary from 1997 to 2001 under President Bill Clinton. Cuomo was elected New York attorney general in 2006, after a failed bid to win the Democrati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Attorney General Of New York
The attorney general of New York is the chief legal officer of the U.S. state of New York (state), New York and head of the Department of Law of the government of New York (state), state government. The office has existed in various forms since 1626, originally established under the New Netherland, Dutch colonial government of New Netherland. New York's attorney general is the highest-paid state attorney general in the country. Democratic Party (United States), Democrat Letitia James currently serves as attorney general, in office since January 1, 2019. Functions The attorney general advises the executive branch of state government as well as defends actions and brings proceedings on its behalf. The attorney general acts independently of the governor of New York. The department's regulations are compiled in title 13 of the ''New York Codes, Rules and Regulations'' (NYCRR). Organization The legal functions of the Department of Law are divided primarily into five major divisio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amaranth Advisors
Amaranth Advisors LLC was an American multi-strategy hedge fund founded by Nicholas M. Maounis and headquartered in Greenwich, Connecticut. At its peak, the firm had $9.2 billion in assets under management before collapsing in September 2006, after losing in excess of $6 billion on natural gas futures. Amaranth Advisors collapse is one of the biggest hedge fund collapses in history and at the time (2006) largest known trading losses. History 2000 founding The company was founded in 2000 by Nicholas M. Maounis and based in Greenwich, Connecticut. Throughout much of its history, convertible arbitrage was the firm's primary profit vehicle. Maounis had prior to founding Amaranth Advisors worked at Paloma Partners as a portfolio manager covering debt securities. The company was named after the amaranth an "immortal" flower that retains vivid color even after death. 2004–2005 Focus on energy trading During 2004-2005, the firm shifted its emphasis to energy trading, led by th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fund Of Hedge Funds
A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be "fettered", meaning that it invests only in funds managed by the same investment company, or "unfettered", meaning that it can invest in external funds run by other managers. There are different types of FOF, each investing in a different type of collective investment scheme (typically one type per FOF), for example a mutual fund FOF, a hedge fund FOF, a private-equity FOF, or an investment trust FOF. The original Fund of Funds was created by Bernie Cornfeld in 1962. It went bankrupt after being looted by Robert Vesco. Features Investing in a collective investment scheme may increase diversity compared with a small investor holding a smaller range of securities directly. Investing in a fund of funds may achieve great ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abu Dhabi Investment Authority
The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves and is estimated to manage $1.057 trillion. ADIA is one of the largest sovereign wealth funds in the world. ADIA's operations have been characterized as secretive and opaque. History In 1967, Abu Dhabi emirate created the Financial Investments Board which operated within its Department of Finance and was responsible for managing the Emirate's excess oil revenues. However, in 1976, Sheikh Zayed bin Sultan Al Nahyan, the founding president of the United Arab Emirates, converted it into the Abu Dhabi Investment Authority. The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. At the time it was novel for a government to invest its reserves in anything other than gold or short-term credit. Even ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuwait Investment Authority
The Kuwait Investment Authority (KIA) is the State owned sovereign wealth fund of the State of Kuwait, managing the state's reserve and the state's future generation fund, also known as "Ajyal Fund". Founded in 1953, the KIA is the world's oldest sovereign wealth fund. As of March 2025, it is the world's 5th largest sovereign wealth fund with currently US$1,029 billion assets under management. History and profile KIA was founded on 23 February 1953 to manage the funds of the Kuwaiti Government in light of financial surpluses after the discovery of oil. KIA manages the Kuwait General Reserve Fund, the Kuwait Future Generations Fund, as well as any other assets committed by the Ministry of Finance. To put KIA's size into perspective, the Kuwait Future Generations Fund has 15% of annual oil revenues added to it. The Chinese regulator awarded Kuwait Investment Authority an additional $700 million quota on top of $300 million awarded in March 2012. The quota is the highest to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middle East
The Middle East (term originally coined in English language) is a geopolitical region encompassing the Arabian Peninsula, the Levant, Turkey, Egypt, Iran, and Iraq. The term came into widespread usage by the United Kingdom and western European nations in the early 20th century as a replacement of the term Near East (both were in contrast to the Far East). The term "Middle East" has led to some confusion over its changing definitions. Since the late 20th century, it has been criticized as being too Eurocentrism, Eurocentric. The region includes the vast majority of the territories included in the closely associated definition of West Asia, but without the South Caucasus. It also includes all of Egypt (not just the Sinai Peninsula, Sinai) and all of Turkey (including East Thrace). Most Middle Eastern countries (13 out of 18) are part of the Arab world. The list of Middle Eastern countries by population, most populous countries in the region are Egypt, Turkey, and Iran, whil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
