Managers of Wealth Americas

AI Hedge Fund said to liquidate after less than two years

The fledgling world of AI hedge funds is claiming one of its first casualties.

Millennium said to shut down pioneering quant hedge fund firm

Millennium Management has shut down a quant hedge fund founded by two acclaimed physicists that suffered only one losing year since it began trading in the early 1990s.

Deutsche Bank Courts New York Hedge Funds After Cuts

An invitation viewed by Bloomberg said the meeting would offer “insight into DB’s current credit-risk profile, CCAR results, and other topics relevant to our counterparties.”

Duperreault wants to use more ILS to reduce AIG volatility

Underwriting is in its essence looking at risk and matching it with capital and AlphaCat gives AIG another capital to use and match risks, Duperreault explained.

WTS Global Opens US Desks

With the office in San Francisco, the focus will be on high-tech and IT driven companies - a declared focus of WTS Global.

Akaan Lombard International to acquire Principal Seguros life insurance business in Mexico

This acquisition will enable Akaan Lombard International to accelerate its growth plans for Mexico and Latin America, serving the needs of high net worth individuals, their families and institutions across the region.

BMO Financial Group Completes Acquisition of KGS-Alpha Capital Markets

KGS has been rebranded as BMO Capital Markets.

Councils urged to stop using pension funds to invest in fracking

Friends of the Earth Scotland, 350.org and Platform publish report showing local authorities in Scotland invest £972m in 12 companies fracking overseas

JPMorgan Is Liquidating $1 Billion Credit Hedge Fund Led by Fahad Roumani

The JPMorgan fund has returned more than 50 percent since it opened, with no down year, according to the letter.

BlackRock’s Decade: How the Crash Forged a $6.3 Trillion Giant

Ten years later, its shrewd moves are a master class in capitalizing on others’ risk.

Goldman drops subadvisor on $255m target date series

Goldman will now manage the money itself.

Amundi sees Wall Street's bull run continuing before slowdown in 2019-20

Amundi’s analysts expect a soft landing for the U.S. economy next year and in 2020, to a gross domestic product growth of 2 percent in 2020 as a result of the combination of trade barriers, higher inflation, higher interest rates, lower productivity

Fifth Third to buy North Carolina investment adviser

The deal is expected to close by the end of this year.

Vanguard nips at BlackRock’s heels for fund crown

Money manager attracted $112bn of net new flows in first half while bigger rival brought in $77bn

JPM AM aims for onshore private fund license

Other foreign fund houses have set up a wholly-owned business in China through an IM WFOE structure.

Apollo acquires Aspen for $2.6bn

"This transaction, which is the outcome of a thorough strategic review by Aspen’s board of directors, provides shareholders with immediate value and will allow Aspen to work with an investor that has substantial expertise and a successful track

Western Union Partners with Aquila Heywood to Improve Services to Overseas Pensioners

Our goal is to deliver stand out products and solutions that best meet our customers’ needs and enable them to provide a great service to their members

Cannabis cleanse? Why big tech is giving pot businesses the boot

YouTube and others are erasing the accounts of marijuana brands, limiting their ability to advertise themselves

BTIG and Pacific View Asset Management Announce Indigena Capital Strategic Investment and Partnership

“We believe the investment strengthens our ability to deliver the capital and expertise so desperately needed in the global, Indigenous emerging market."

Goodman and Canada Pension Plan Investment Board Increase China Equity Commitment to US$5 Billion

Our increased commitment alongside our long-term partner in CPPIB, will provide sufficient equity to leverage opportunities in the market

Alternative Investments