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Manny Weintraub, a former managing director and top-performing money manager for Neuberger Berman who formed his own investment advisory firm in late 2003, agreed.
Barclays of Britain is in advanced talks to sell its asset-management arm to BlackRock, the giant money manager, for more than $10 billion, people briefed on the matter said Sunday.
As part of yesterday's action, the S.E.C. also suspended for one year Andrew S. Parlin, 39, a former top money manager for Oechsle, a Boston firm that manages more than $12 billion for a variety of clients.
Which big money manager, for example, spotted Enron's or WorldCom's failings before they became public?
His father is a money manager for Sun Equity, an investment firm in Manhattan.
Among those they approached was Henry Lee, then a money manager for the Bass brothers.
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According to Bloomberg, Treasuryry to Hire Asset Management Firms to Jumpstart Rescue," 10/4/08) the Treasury Department is hiring, well you guessed it, 10 asset management companies to become money managers for the program.
More conservative types, like money managers for wealthy families, are also dipping their toes in.
"My canvas just happens to be Wall Street and my brushes are the money managers for whom SkyBridge raises capital".
The bank said it had finished taking orders from money managers for 7.6 million shares, all of its 4.3percentt stake.
He was widely criticized two years ago by other money managers for owning AOL and Dell, two stocks that had soared.
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