Blaylock enters new territory: top black-owned investment bank expands into asset management arena with acquisition of Abacus Financial Group.Blaylock & Partners L.P., a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City-based investment banking and research firm, is positioning itself to be a leading player in the institutional asset management arena with its recent addition of Chicago-based Abacus Financial Group, a woman- and minority-owned money management firm specializing in fixed-income assets. Blaylock is No. 1 on the BE INVESTMENT BANKS The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. list with $214.2 billion in senior/co-senior managed issues. "The pension management assets that need to be funded and managed throughout the country are still growing and it's still a high-growth industry," says CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Ronald E. Blaylock. "Despite a shaky economy, pension market assets bring new opportunities to the newly formed Blaylock-Abacus Asset Management." Blaylock-Abacus has nine staff members and about $250 million in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Blaylock has also ventured into credit research, hiring veterans Stephen Lockman, chief investment officer of fixed income, and Jeffrey Martin, head of credit research (both formerly of Stein Roe & Farnham). Blaylock feels their capabilities will help Blaylock Abacus with credit-sensitive products such as high-yield and distressed debt distressed debt Debt with low junk status and a market price substantially below par value, often pennies on the dollar. Investors sometimes buy distressed debt on the possibility that management can renegotiate loan agreements and keep the issuer out of , which come from defaulting bank loans and bonds. This transaction is the latest in a series of moves. In the last 18 months, Blaylock has broadened its equity and fixed-income research and its sales and trading operations, and opened offices in Boston, Chicago, and San Francisco. Blaylock-Abacus' expansion strategy emphasizes acquiring three additional minority owned asset management firms This is a list of corporations that provide financial asset management.
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