Managers of Wealth Americas

BlackRock assets jump in second quarter, driven by ebullient markets

Profits exceed estimates as world’s biggest fund manager generates higher fee income

Positive Bank Reports Fail to Dull Sting of Jobless Claims for Wall Street

Even with some better-than-expected bank earnings, Wall Street has remained sour on still-high unemployment claims.

Regions reports $237 million net loss available to common shareholders for the second quarter of 2020

Despite significant increase to allowance for credit losses, delivers solid revenue and pre-tax pre-provision income(1) growth over the prior year

Post-pandemic Retirement: Can We Build More Resilient Systems?

The pandemic is also hastening the imminent insolvency of the Social Security Trust Fund in the U.S., a recent report by the Penn Wharton Budget Model has found.

Wall Street edges higher as earnings season kicks off

Investors lodged in ‘zone of uncertainty’ while US states grapple with coronavirus

CalPERS board learns about embedding leverage in asset allocation

Skipping over changing return assumptions, he said market opportunities are asset classes not already in an investor's portfolio.

PNC Reports Second Quarter 2020 Net Income Of $3.7 Billion

Strong capital, liquidity and reserve levels Supporting customers, communities and employees

SS&C GlobeOp Hedge Fund Performance Index

The SS&C GlobeOp Hedge Fund Performance Index offers a unique reflection of the return on capital invested in funds.

Hedge fund titans grab lion’s share of industry spoils

Investors end up paying high fees for poor returns while managers accumulate personal fortunes

These companies with underfunded pensions could drag down your portfolio, Morgan Stanley warns

The strategists estimate pension benefit obligations will rise 6% year-over-year when companies have to square up at year end.

Vanguard tops BlackRock in battle to win ETF business

Pennsylvania-based asset manager attracts record inflows of $90bn in first half

Coronavirus fails to derail the evolution of retirement income

Saving for retirement has become more challenging since the economic slowdown

Blackstone Announces $4.6 Billion Final Close of Life Sciences Fund

Blackstone Life Sciences has already invested and committed nearly $1 billion from this fund over the past three months, demonstrating strong demand for the strategy

Brasa Capital Management closes on first real estate credit vehicle

The new credit platform will allow us to harness our expertise and our local sponsor network to target high-yield opportunities in markets that we have been operating in for some time to generate attractive risk-adjusted returns

CI Financial reports assets under management for June 2020; Wealth management assets at record high

Assets managed by CI's recently acquired U.S. businesses are now included in CI's total assets under management.

KKR to Acquire Global Atlantic Financial Group Limited in a Strategic Transaction

Global Atlantic serves more than two million policyholders through its retirement and life insurance products.

The Venture Capitalists Forging Ahead

General Catalyst, Insight Partners, and F-Prime Capital stepped up dealmaking as competitors hung back, according to PitchBook.

Astor Capital Fund to Establish Charitable Giving Wing – $47M Project

A New Focus on Community, Education, and Environmental Sustainability

Japan’s Sumitomo Mitsui Trust opens US office

The company has three other overseas offices, in Hong Kong, London and Singapore.

Hiscox launches variable consortium for hard-to-place general liability risks

Consortium members can flex their line up to a selected maximum on a risk-by-risk basis, rather than be tied to a predetermined share of all business.

Alternative Investments