Managers of Wealth Americas

Virtus Investment Partners Announces Preliminary Results of Tender Offer

The number of shares expected to be purchased in the tender offer and the purchase price per share referred to above are preliminary and subject to change.

Canada talking green, making plans; investors unsure

Trudeau has promised Canada would do more to curb its emissions, and must work with the country's provinces to execute a plan that will make energy extraction a more expensive undertaking.

Norwegian sovereign fund grows stake in Manhattan office portfolio

The joint venture agreed between NBIM and Trinity Church was first launched in November last year

Blackstone in bid to buy insurance broker

There is no certainty that Blackstone and Genstar will reach a deal, and Genstar may resume negotiations with one of the other private equity firms that bid for Acrisure, the people added.

BMO Global Asset Management Launches Institutional Prime Money Market Fund

The new fund also may be subject to liquidity gates and/or redemption fees as required by the new money market fund regulations.

Cantor Fitzgerald poaches three big execs from KCG Holdings

Meanwhile, Reuters reported May 10 that the Department of Justice was investigating the market-making arms of KCG and Citadel.

McKinsey’s $9.5 Billion Internal Investment Arm Cuts Wide Swath

It can easily be seen as a conflict of interest and that’s the issue with your client.

Pine River to shut Fixed Income Fund, returns $1.6 billion to investors

According to the letter, Pine River will also spin off its $1.2 billion China Fund, which is run by Dan Li

BCS acquisition of US broker dealer gets green light

The transaction is expected to close within a couple of weeks, and will signify the official launch of operations for BCS Global Markets into North America, the world’s largest capital market.

Inside McKinsey’s private hedge fund

McKinsey quietly runs an investment arm for partners but experts warn of conflicts of interest

NFP Acquires ERISA Fiduciary Advisors

EFA specializes in implementing comprehensive fiduciary management processes for plan sponsors, as well as providing wealth management services with fiduciary oversight.

AllianzGI Completes Acquisition of Rogge Global Partners

“We are delighted to welcome our new RGP colleagues to the AllianzGI family. With our joint commitment to active management, similar investment culture and values, we are sure they will find AllianzGI a natural home.”

Ally Financial Acquires TradeKing: What's Next in the Cards?

TradeKing will remain based in Fort Lauderdale, FL and operate as a wholly-owned subsidiary of Ally Financial. TradeKing has nearly $4.5 billion in client assets

Why invest in hedge funds?

Most investors, both institutional and individual, often allocate a sizable portion of their portfolios to hedge funds.

In alternatives, consultants and money managers branching out into each other’s territory

Alternative investment managers that started out in the funds-of-funds business and consulting firms are following suit.

Hedge Funds: Finding Opportunities in a Beleaguered Industry

In efficient frontier parlance, hedge funds have the ability to move your overall portfolio up, left or both.

TETF Watch: Direxion Files Commodity Fund

The index also has an optimized roll, with the index replacing contracts at rebalancing by rolling into the most desirable contract expiring over the 13-month period.

It may be the end of hedge funds as we know it

Let's get the obvious out of the way: hedge fund performance is abysmal.

US Private Equity Firm Blackstone Invests $200 Million in Partners Life

Kishore Moorjani, senior managing director of Blackstone said his firm was impressed with Partners Life's management team

SSGA issues 40 ETFs on Euroclear’s fund platform

Furthermore, a selection of SPDR ETFs will be available on our FundSettle platform to support the distribution effort of SPDR ETFs in reaching our mutual fund clients across Europe.”

Alternative Investments