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NEW YORK (Reuters) - Lehman Brothers Holdings Inc., which filed the largest bankruptcy in U.S. history, won a federal bankruptcy judge's approval on Thursday [April 15] to create a new asset management company it says will help it raise more money to pay back creditors.
The creation of the company, known as LAMCO, will enable Lehman to unwind some of its assets over a longer period of time, potentially allowing it to make more money.
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TOKYO -- Nomura Real Estate Office Fund, Inc. (NOF)(URL: http://www.nre-of.co.jp/english/) (TOKYO:8959), a Japanese office building real estate invest...
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NEW YORK -- Mirae Asset Financial Group ("Mirae Asset") today announced that it has agreed to acquire 85% of BetaPro Management Inc. ("BetaPro") for C...
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UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT SUMMARY ORDER THIS SUMMARY ORDER WILL NOT BE PUBLISHED IN THE FEDERAL REPORTER AND MAY NOT BE CI...
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Combined Assets under Management Expected to Be over $18 Billion
KANSAS CITY, Mo. -- Scout Investment Advisors (Scout), a subsidiary of UMB Financia...
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This document contains notices of pendency before the Department of Labor (the Department) of proposed exemptions from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) and/or the Internal Revenue Code of 1986 (the Code). This notice includes the following proposed exemptions: D-11655, Renaissance Technologies, Inc. (Renaissance or the Applicant); D-11677, Weyerhaeuser Company (Weyerhaeurser) and Federalway Asset Management LP (collectively the Applicants); and D-11680, Citigroup Inc. (Citigroup); et al.)
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To: BUSINESS EDITORS
Contact: Mike Dunn, +1-212-922-7859, mike.g.dunn@bnymellon.com, or Jamie Brookes, +44-20-7163-2146, jamie.brookes@bnymellon.com
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TOKYO -- Nomura Real Estate Office Fund, Inc. (NOF)(URL: http://www.nre-of.co.jp/english/) (TOKYO:8959), a Japanese office building real estate invest...
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Native Baltimorean Mark Fetting has a deep love for his hometown, but that affection has recently made his job as CEO and chairman of Legg Mason Inc. more challenging.
In May the asset management company announced it would slash 350 back-office jobs from its work force, 250 of them in Baltimore and Owings Mills, putting Fetting on the hot seat with locals.