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New Global Resources ETF Makes Debut
Tuesday, September 14, 2010 - 10:46am | 152State Street's (NYSE: STT) State Street Global Advisors unit, the second-largest U.S. ETF issuer, rolled a new resources ETF with a global slant today with Global Natural Resources ETF makings its debut under the ticker “GNR.” GNR will track the S&P Global Natural Resources Index, which is home...
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Eaton Vance Still Unattractive To Citi
Tuesday, September 14, 2010 - 9:57am | 201In a recent report from Citi (NYSE: C), analysts are encouraged by the filling of Eaton Vance's (NYSE: EV) head of institutional business with Scott Ruddick, as well as the promotion of Matthew Witkos to oversee the firm's overall global distribution. Citi added that the stock screens expensively...
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Hold Rating Reiterated For Eaton Vance
Tuesday, September 14, 2010 - 9:07am | 110Eaton Vance Corporation (NYSE: EV) is reported by Jefferies to have internal growth that is above average and reflects its divserse array of products and strength in fixed income. According to Jefferies, Eaton Vance has reported 18 consecutive quarters of inflows, and this streak is expected to...
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The Daily Long and Short Setup
Tuesday, September 14, 2010 - 8:44am | 80Futures still remain slightly negative, and the retail sales report didn't see any significant changes to the market as a whole despite the report beating expectations. LONG: Allegheny Energy (AYE) SHORT: AllianceBernstein Holdings (AB) Read more...
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SEI Investments Co. Chairman Sells 80,000 Shares of SEIC
Monday, September 13, 2010 - 4:43pm | 57In a Form 4 filed after the bell today, SEI Investments Co. (NASDAQ: SEIC) Chairman of the Board, Alfred West, reported that he sold 80,000 shares of SEIC on September 9th-10th for an average price of $19.18. The transaction totaled $1,534,240. Mr. West owns 15,289,227 direct shares of SEIC....
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AllianceBernstein August 31, 2010 Assets Under Management
Monday, September 13, 2010 - 4:20pm | 68AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) announced that preliminary assets under management fell to $467 billion from $482 billion during August 2010. The 3.1% decline was due to negative equity investment returns and net asset outflows, mainly from institutional...
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Investors Big on Japan Real Estate - Analyst Blog
Monday, September 13, 2010 - 10:51am | 628With the bottoming out of real estate prices and a recovery in the debt market, foreign investors are increasingly favoring Japanese real estate over others. Over $2 billion worth of investment deals were inked since late last year with more in the pipeline. Mapletree Investments, the real...
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Goldman Meets With NTRS Management
Monday, September 13, 2010 - 8:32am | 110Northern Trust Corporation (NASDAQ: NTRS) had an investor visit with Goldman Sachs and the key takeaways were that capital for NTRS was solid and building, reporting Tier 1 common of 13.2%, M&A on the horizon in new geographical locations and new products, and buybacks are seen in NTRS's future...
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Citi Favorable On Invesco (IVZ)
Monday, September 13, 2010 - 7:30am | 96Citi Investment Research has some favorable thoughts on Invesco Ltd (NYSE: IVZ), as the August assets under management continues to grow. It has a Buy rating, and a $25 price target on shares. In the research report, Citi writes, "Remains a top pick (Buy, $25 target) and TPL! Selection — Given: 1...
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Franklin Reports Higher August AUM - Analyst Blog
Friday, September 10, 2010 - 2:03pm | 511Franklin Resources Inc. (BEN) reported on Thursday that the preliminary month-end assets under management (AUM) by its subsidiaries came in at $600.4 billion for August, slightly down from $602.9 billion as of July 31, 2010. AUM improved 21.1% from $495.7 billion on a year-over-year basis. At the...
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Franklin Resources Reports Positive Fixed Income Flows
Friday, September 10, 2010 - 10:49am | 98Franklin Resources, Inc. (NYSE: BEN) reported on 8/31 a total AUM of $600.4B, down 0.4% from the $602.9B reported on 7/31, Jefferies reports. Jefferies writes that the decrease was the result of a decline in equity AUM offset by a modest increase (2.6%) in fixed income. Equities were down 3.2% to...
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Zacks Analyst Blog Highlights: Dynegy, The Blackstone Group, NRG Energy, Calpine and Mirant - Press Releases
Friday, September 10, 2010 - 8:03am | 1548For Immediate Release Chicago, IL – September 10, 2010 – Zacks.com Analyst Blog features: Dynegy Inc. (DYN), The Blackstone Group L.P. (BX), NRG Energy Inc. (NRG), Calpine Corporation (CPN) and Mirant Corporation (MIR ). Get the most recent insight from Zacks Equity Research with the free Profit...
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U.S. Global Investors Updates FY10 Earnings Outlook
Thursday, September 9, 2010 - 4:38pm | 134U.S. Global Investors, Inc. (Nasdaq: GROW) today reported that earnings for the fiscal year ended June 30, 2010 improved more than 300 percent from the same period a year earlier. The company has scheduled a webcast for 10 a.m. Central time on Friday, September 10, 2010, to discuss the company's...
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Prospect Capital Chairman Buys 105,391 Shares of PSEC
Wednesday, September 8, 2010 - 4:40pm | 57In a Form 4 filed after the bell today, Prospect Capital Corp (NASDAQ: PSEC) Chairman of the Board, John Barry III, reported that he purchased 105,391 shares of PSEC on September 3rd for an average price of $9.59. The transaction totaled $1,010,921. Mr. Barry owns 1,172,083 direct shares of PSEC....
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U.S. Global Investors Announces $.02 Dividends
Wednesday, September 8, 2010 - 4:18pm | 64U.S. Global Investors, Inc. (Nasdaq: GROW) will continue its payment of monthly dividends in the fourth calendar quarter of 2010. The company’s board of directors approved payment of the 2-cents-per-share monthly dividend for the fourth quarter of 2010. The record dates are October 11, November 10...