Managers of Wealth Americas

Women-led hedge funds try to crack the boys’ club

Female asset managers struggle to attract investments even as they outperform their male peers

Peltz's Trian Fund may push for changes at mutual fund Legg Mason

Like many other mutual fund firms, Legg Mason has been hit hard by investors’ shifting tastes for less expensive index funds offered by larger firms, including Vanguard Group.

Bill Ackman pitches spare office space while celebrating hedge fund’s prosperity

But after disastrous bets on Valeant Pharmaceuticals and Herbalife crippled the fund, Pershing Square was forced to settle for the ninth floor. Ackman rented the 10th floor out.

Chubb Announces New Global Greenhouse Gas Emissions Reduction Goals Aligned with Science-Based Standards

This is also the first companywide goal announced since ACE Limited acquired The Chubb Corporation and adopted the Chubb name globally in 2016.

Advisor Group CEO: 'Smart money' is on wealth management after PE deal

With $268 billion in client assets, Advisor Group dwarfs the size of any firm that has sold so far this year.

Legg Mason assets up 4.2% for quarter, relatively flat over year

This quarter's results reinforce the benefits of diversification of our investment management platform across asset classes

BlackRock completes eFront acquisition

Combination of Aladdin and eFront Sets New Standard in Investment Management Technology

Natixis takes 11% stake in Canadian manager

The deal will also see Natixis Investment Managers CEO Jean Raby joining the board of Fiera Capital while the Canadian manager will repurchase for cancellation 2.45 million Fiera Class A shares from National Bank of Canada.

Commonfund Capital closes second secondaries fund at USD450m

Commonfund Capital’s secondary investment experience dates back to 1993

TPG agrees to manage Abraaj’s $1bn healthcare fund despite fraud cases

The fund was at the heart of the scandal that brought down the Dubai-based buyout group

Canadian firm unites global wealth and asset management arms

The operational changes will make it ‘better positioned to organically grow assets’

Wilmington Trust Honored as 'Securitization Trustee of the Year'

Structured Finance team accepts award at GlobalCapital's US Securitization Awards event

Property slowdown a risk for emerging markets

The weakness isn’t universal with China’s real estate market showing signs of green shoots again, while low rates have supported Poland’s real-estate market.

Sun Life profit misses estimates as wealth sales fall in Canada unit

Insurers in Canada have increasingly looked to Asia for growth, selling to the region’s burgeoning middle class, and to diversify from domestic markets where competition is intense.

Morningstar CEO Challenges Advisors on Fees, Warns of Private Equity

Asset management fees are falling, but the cost to investors remains 'stubbornly high,' said Morningstar CEO Kunal Kapoor at the opening of the research firm's annual investor conference in Chicago.

Millionaires Tell UBS They're Bullish on Stocks

Global investors are holding 32% of their portfolios in cash

Back hedge fund young guns over established names, says alts boss

Putting so much of your own money into a business which burns through cash at such a high rate is one of the most powerful incentives to make the venture work.

The give-and-take of BRI in Africa

Examining BRI projects in Africa reveals a nuanced reality of how the initiative functions in the developing world, where infrastructure financing is desperately needed, and political externalities are of secondary concern to the receiving states.

Blackstone Launches Impact Investing Platform

She was responsible for all stages of investing, including developing thematic investment targets in financial services and consumer retail companies.

Invesco and Franklin Templeton slash private jet budgets

Asset managers cut chief executives’ private jet allowances, following poor performance at the companies

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