North America
US asset manager buys majority stake in Hermes IM
One of the biggest US fund managers Federated Investors has bought a 60% stake in Hermes Investment Management from the UK’s BT Pension Scheme in a £246m ($350m, €284m) deal.
PEOPLE MOVES: RSM UK, Stonehage Fleming, FASEA
RSM UK promotes to fill chief operating officer role, Stonehage Fleming appoints a director to its Jersey office and an Australia adviser standards agency has named an acting managing director.
North America | 9 Apr 18
Financial advice is the star in new US TV show
New York Yankees star Alex “A-Rod” Rodriguez turns his hand to financial advice in the pilot of a new US TV show.
OMGI inks US and LatAm distribution partnership
Old Mutual Global Investors has entered into a relationship with a recently established, Miami-based, third-party distribution firm, as part of its commitment to the US offshore and Latin American regions, the firm said.
Rapper plays hit song to avoid maximum tax evasion jail term
A US judge showed leniency in the tax evasion trial of rapper DMX after listening to one of his hit tracks about his difficult childhood.