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Investment Management & Fund Operators

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IGM Financial announces initiatives to enhance operational effectiveness

Tuesday, 14 Nov 2017 05:30pm EST

Nov 14 (Reuters) - IGm Financial Inc :IGM Financial Inc. announces initiatives to enhance operational effectiveness.IGM Financial - ‍during Q4, will record a one-time charge of about $118 million after-tax, or $160 million pre-tax which equates to $0.49 per share after-tax​.IGM Financial Inc - ‍among initiatives is a decision to discontinue development of a new investment fund accounting system​.IGM Financial Inc - ‍after a thorough review, company instead will upgrade its current solution for investment fund accounting system​.IGM Financial - ‍post implementation of initiatives, anticipates 2018 non-commission expense increases of 5% relative to 2017​.IGM Financial - due to discontinued development ‍of investment fund accounting system​, other decisions, co to record charge about $74 million after-tax.

Anadarko to build new regional headquarters at Westridge Commons site

Wednesday, 8 Nov 2017 06:03pm EST

Nov 8 (Reuters) - KKR & Co LP ::Anadarko to build new regional headquarters at Westridge Commons site.‍Anadarko Petroleum Corporation has selected Westridge Commons as site for its new regional office​.

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