In September, Reich & Tang bought itself out from Natixis Asset Management as we reported in the story, " Reich and Tang Buyout; TCG Funds Acquired by Catalyst; FDIC Update." The accompanying "Memorandum of Law" says in its Preliminary Statement, .
Nationwide Financial picked up 17 of the 24 mutual funds controlled by the Union Bank subsidiary, while New York-based investment management firm Reich & Tang acquired five of HighMark's money market funds. HighMark has not completely exited the .
David Carson, former National Sales Manager for liquidity products at JPMorgan Chase Asset Management and Morgan Stanley Investment Management , will lead Reich & Tang's efforts with the largest US banks (SIFIs) in the private wealth & trust space.
There has been a steady stream of money market fund liquidations over the past year, with many occurring in the Tax Exempt, or Municipal, sector. The latest of these comes from Western Asset Management , which recently merged its $570 million Western .
NEW YORK--(BUSINESS WIRE)-- Reich & Tang , the third longest running money fund complex in the world, has announced the appointment of Tom Nelson as its Chief Investment Officer. Mr. Nelson, a money management veteran of more than 20 years, .
Federated Investors, Inc. Finalizes Arrangement with Reich & Tang Asset Management, LLC to Transition Approximately $7 Billion in Money Market Fund Shareholder Assets The transaction is designed to assist with the orderly liquidation of Reich & Tang's.
Michael P. Lydon No Relationships President and Chief Executive Officer-- Joseph Jerkovich No Relationships Executive Vice President and Chief Operating Officer-- Frank V. Bonanno No Relationships Director of Marketing and Vice President-- Walter.
BOSTON--(BUSINESS WIRE)--Americans believe their investments will perform well this year, but are wary that a market correction could derail their financial security, according to survey findings released today by Natixis Global Asset Management.
Federated Investors (FII) has added two positions to its institutional sales team, spokeswoman Elizabeth Krah said. Theo Williams was named consultant relations and national accounts salesman, while Paul Buckwalter was appointed consultant relations .
BOSTON--(BUSINESS WIRE)--Natixis today announced it has entered into exclusive negotiations with TA Associates, Banca Leonardo and the managers of DNCA related to the proposal by Natixis Global Asset Management to acquire 1 their equity interests in.
Her father, who is retired, worked in New York as an executive vice president for the mutual fund unit of Reich & Tang Asset Management and was the founder of several of its money market funds. He is also a trustee of the Rectory School, a private.
NEW YORK--(BUSINESS WIRE)--LIDs Capital LLC announced today that it and Reich & Tang Asset Management , LLC, an asset manager providing money fund and cash management services to financial firms, have entered into a license agreement to offer .
PITTSBURGH, March 16, 2015 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today announced that it has entered into exclusive discussions with Reich & Tang Asset Management, LLC, to enable the.
With more countries either introducing or talking about instating negative interest rates — Japan was the latest to go minus, on Jan. 29 — many Americans are concerned about what might happen here if the Federal Reserve has to reverse course and go.