Managers of Wealth Americas

Hedge funds to U.S. refiners: produce more diesel, less gasoline: Kemp

At the same time, hedge funds were running one of the smallest net long positions in gasoline contracts in the past decade.

Pension fund loses 5 trillion won on ‘Brexit’

During the same period, investments on bonds have increased from 302.4 trillion won to 304.4 trillion won.

William Ackman lays off 10% of staff in his hedge fund firm

The report said those who were given the pink slip were eight lower-level employees who were involved in the hedge funds’ investor services.

American financial services firm MIK Fund Solutions creates 10 jobs at Belfast base

Access to high calibre software development and finance professionals, and relevant time zones will help us grow the business

RBC completes sale of RBC General Insurance Company to Aviva Canada

RBC Insurance offers life, health, home, auto, travel, wealth and reinsurance advice and solutions, as well as creditor and business insurance services

An $8 billion hedge fund suddenly imploded — here's how it played out

That's even as some on Wall Street were backing away from Visium.

Chesapeake Partners to shut hedge fund, cites M&A woes

The Lerners said they are returning clients' money to manage only their own.

Advisory firms threatened by attrition as advisers retire or go independent: J.D. Power

The number of advisers considering going independent doubled to 12% in 2016, from just 6% two years ago

Norman Mains, WaveFront’s Chief Investment Officer, Dies at 72

Last August, Mains joined WaveFront after more than 45 years as an economist and investment adviser.

How Investors Should Manage Their Money When Brokerage Accounts Close

Investors who chose to switch their brokerage accounts or are forced to close one can decide if they want to transfer or liquidate their assets.

BNY Mellon to Repurchase up to $2.7 Billion of Common Stock

The board also approved the repurchase of up to an additional approximately $560 million of common stock during a portion of the period covered by the repurchase plan, contingent upon the company issuing $750 million of preferred stock.

BNY Mellon's Pershing Expands its Retirement Plan Network by Adding Five New Recordkeepers

The new additions expand the geographic presence of the platform, furthering Pershing's ability to address the needs of plan advisors across the country.

Fortress Named Hybrid Hedge Fund Manager of the Year by Institutional Investor

The awards’ criteria include investment returns, risk management, investment discipline and selection, portfolio management, performance track record, stability of investment team, investor relations and back-office infrastructure.

Northern Trust Corporation is Upgraded by Citigroup to Neutral

The company’s revenue was up 4.9% compared to the same quarter last year.

Advantage Investment Management Selects Ascendant Compliance as Preferred Compliance Technology Partner

The Advantage Investment Management team brings ACM to over 200 firms and 1,000 compliance professionals on the platform.

Sequoia Financial Group Partners with RAV Financial

Both Firms have an award-winning history to draw upon.

Alaska’s $53 Billion Permanent Pool to Exit Funds of Hedge Funds

The change, which allows Alaska to cut the layer of fees paid to funds of funds for making investments, comes as such funds produce lackluster returns.

Asset Owners Firing Funds-of-Funds—And Hiring Their Talent

He belongs to a generation of young investors raised by hedge funds-of-funds, and succeeding as asset owners.

Singapore’s Sovereign-Wealth Fund Is in Talks to Buy Manufactured-Home Owner

GIC is in negotiations to buy Denver-based Yes! Communities

Stifel Sheds Sterne Agee’s Wealth Management Business

Intl says the acquisition will not result in a material loss for the firm in the first year, and will be accretive in the second year.

Alternative Investments