Managers of Wealth Americas

BlackRock Plans to Cut About 400 Jobs in Coming Weeks

In a memo to employees, BlackRock said the job cuts have not yet been finalized and that those affected by the changes will be treated fairly and with respect.

Louis Bacon's charity says it was victim of executive accused of fraud

The foundation put $25 million into what federal authorities on Monday called a "brazen" scheme to defraud investors.

Excel Funds Management Inc. announces partnership with Aditya Birla Sun Life Company Pte. Limited

Capitalizing on the mounting interest in overseas markets, Excel Funds will be hosting a panel of global investment experts, including representatives from BSLAMC

Hamilton Bancorp and Fraternity Bancorp Merger Receives Approval

The merger is expected to close on May 13, 2016.

State Street to buy GE Asset Management

GEAM has more than $100 billion in assets under management for more than 100 institutional clients

'Triggers’ help hedge funds achieve outperformance when investing in LatAm

The second issue that investors are interested for is the rule of law.

Hedge fund Luxor Capital alters terms of withdrawal plan

Only clients who asked to get their money out on April 1 and July 1 will see a portion of their money put into the SPV and the fund will not charge any fees on these assets.

Hedge Funds start pulling out of Silicon Valley as startups fail to deliver

"We've completely stopped investing in private tech," said Jeremy Abelson, a portfolio manager at Irving Investors, a small hedge fund based in New York. "I'm done with intangible valuations, unknown exits, unknown liquidity, and

Donald Trump's Hedge Fund Investments Aren't Doing So Well

But the billionaire seems unfazed

Nomura plans layoffs in North America

In the Americas, the company has posted pretax losses for six straight quarters.

Prepare for Disruption in High Net Worth Insurance Segment

The high net worth client segment has been and will continue to be a strongly pursued segment for all financial institutions.

Bitcoin Crushes Bank Fees in Emerging Economies

It is emerging market central banks that buy 80 percent of those bonds as foreign exchange reserves to gain market credibility.

Wells Fargo Municipal Income Team Wins Five Lipper Fund Awards

The investment team includes 9 portfolio managers who are supported by 15 portfolio analysts.

Fidelity strikes back at view that passive index funds beat active managers

This same subset of funds also outperformed their benchmarks by nearly 0.2 percent per year from 1992 through 2015, while similar passive index funds slightly trailed the benchmark by 0.04 percent, according to Fidelity’s research.

Rhode Island dumps hedge fund Luxor Capital

In late February, influential industry consultant Cliffwater has placed Luxor Capital on a so-called watch list after suffering double-digit losses last year.

Fisher stepping aside as Fisher Investments CEO

Taking Fisher’s place leading the 2,000-employee company will be 41-year-old Damian Ornani, who has been with the company for 20 years.

Guggenheim Investments Earns Second Consecutive Lipper Award for Best Fixed Income Small Fund Group

The asset group class award is presented annually for consistently strong risk-adjusted performance relative to peers based on Lipper’s proprietary performance-based methodology.

Hedge fund industry raises $1.5 million to prevent and treat child abuse

Help For Children, one of the most globally renowned charitable organizations associated with the hedge fund industry, raised $1.5 million at its 18th Annual Hedge Funds Care New York Benefit on March 10th, with all proceeds benefiting programs to prevent

BNY Mellon Selected as Depositary Bank by Raia Drogasil for New ADR Program

Raia Drogasil is the largest drugstore chain and eighth largest retailer in Brazil.

UBS links with Harvard on ESG tool for pension funds

It comes as pension funds around the world, including Australian superannuation funds, come under mounting pressure to consider the environmental and social impact of their investment decisions.

Alternative Investments