Managers of Wealth Americas

New Chubb Whitepaper Explores Surge in Litigation Against Fiduciaries of Employer-Sponsored Retirement Plans

Co-authored by Chubb and Groom Law Group, the paper urges companies to take steps to reduce exposure to heightened claims

Private-Equity Firm Seeks $2 Billion to Buy Stakes in NBA Teams

The NBA selected Dyal in April to form a fund to buy up minority stakes.

JTC Asking the Experts: Foreign HNWI Investing in the US

In this first episode, Emilio Miguel and Victoria Pastore from the JTC Miami office talk to Sergio Alvarez Mena from Jones Day law firm, Miami, about the key regulatory and tax issues that foreign HNWIs should be aware of when investing in the US.

LPL Financial Reports Monthly Activity for April 2020

Total client cash balances at the end of April were $47.0 billion

IRS FAQs: Coronavirus-Related Relief for Retirement Plans and IRAs

The individual is entitled to treat a distribution as a coronavirus-related distribution for the individual's federal income tax return only if the individual actually meets the eligibility requirements to be a qualified individual.

Hedge Fund Luminaries Are Lining Up Behind Gold Again

Hedge fund luminaries including Paul Singer, David Einhorn, and Crispin Odey are among those bullish on gold, according to recent letters to investors. So are large asset managers like Blackrock Inc. and Newton Investment Management.

Crestone Capital Announces Five New Shareholders

Industry leaders expand Crestone's ownership structure

BankThink Big banks' best defense in a pandemic: A diversified strategy

The nation’s biggest banks, however, will be better positioned to fight the pandemic than smaller banks.

PNC Announces Intent To Sell Its Investment In Blackrock

The transaction has been approved by PNC's Board of Directors.

Here's the Average Stimulus Payout in All 50 States

But what really stands out to the American public about the CARES Act is the $300 billion directed toward stimulus payouts for working Americans and seniors.

Trillion-dollar club tightens grip on fund market during crisis

Market leaders such as BlackRock, Vanguard and State Street have gained control of 61% of the industry’s assets

Brookfield to Create $5 Billion Retail Revitalization Program

The Retail Revitalization Program will focus on retail businesses that have $250 million or greater in normalized revenues and have been operating for at least two years.

Odey called out over Brazil agriculture investment

Global Witness highlights UK hedge fund’s stake in company accused of environmental violations

Ameriprise Financial Reports First Quarter 2020 Results

The company’s business continuity capabilities ensured that advisors have the tools and information necessary to meet and exceed client needs in this volatile environment.

Hedge funds bet on gold as refuge from ‘unfettered’ currency printing

Big-name investors such as Elliott and Caxton act on concerns over debasement of money

Associated Banc-Corp Agrees to Sell Associated Benefits & Risk Consulting

This transaction allows us to monetize our investment in ABRC and further our strategic goals of enhancing shareholder value and being a source of strength for our customers, colleagues and communities

AIG Reports First Quarter 2020 Results

In the first quarter of 2020, our core businesses delivered strong results building on the momentum we had coming into the year.

Buffett’s Berkshire posts nearly $50b loss

Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share

Janus Henderson Group Reports First Quarter 2020 results

Solid long-term investment performance, with 65% and 66% of assets under management (‘AUM’) outperforming relevant benchmarks on a 3 and 5 year basis, respectively, as at 31 March 2020 First quarter 2020 operating income of US$(332.4) million

Fiduciary Trust International Completes Acquisition of Pennsylvania Trust

The firm offers a robust suite of personalized investment management, trust, estate, financial and tax planning, and tax preparation services.

Alternative Investments