A 25% stake in the new company will be distributed to shareholders by year's end
While challenges multiply, traditional asset managers look resilient to market turmoil
Margin, earnings boost to be offset by asset and credit quality deterioration, Moody's says
IPO should help reduce leverage that fuelled RIA acquisition spree
North American banks insulated, but securities firms could be hit by dropping equities values, Fitch says
Britain's regulator consults on options for parking illiquid Russian and Belarussian assets
Russia constitutes about 3% of MSCI's emerging markets benchmark
Equity value of standalone biz would be US$70–$100 billion, CEO says
Outlook neutral, even as competitive, environmental challenges loom
The funds will close to new investors on Sept. 15