Managers of Wealth Americas

Wirehouse vets launch independent RIA

Resnick, now president and co-founder of the firm, launched the independent RIA here in Beachwood in July along with an additional small office in Utah.

China's Fosun to 'acquire' Brazil investment firm

The Chinese government is encouraging companies to invest abroad to gain access to foreign markets and technology, as economic growth stalls at home.

Private equity is 'seeing more excitement than it can handle' in the marijuana industry

These private-equity firms invest specifically in companies operating in the legal-cannabis industry

Kumar Palghat Is Out as Bill Gross’s Co-Manager on Janus Fund

Gross to manage the Janus Global Unconstrained Bond Fund solo

Fortress To Shut Centaurus Unit, Continuing Hedge Fund Reduction

The Centaurus funds, which managed $182 million in assets as of June 30, use a so-called global event driven strategy, betting on corporate changes such as mergers and restructurings in Europe, Asia and Latin America.

Bill Gross Is Running His $1.5 Billion Mutual Fund by Himself — Again

Janus hasn’t ruled out an ETF using Gross’s strategy, according to spokeswoman Erin Passan.

Oppenheimer Holdings Inc. Reports Second Quarter 2016 Earnings and Announces Quarterly Dividend

Revenue from continuing operations for the second quarter of 2016 was $212.1 million compared with revenue from continuing operations of $228.0 million for the second quarter of 2015, a decrease of 7.0%.

MUFG Investor Services To Acquire '40-Act Administrator Rydex Fund Services

The acquisition will add $52 billion to MUFG Investor Services’ assets under administration, according to the statement

H.I.G. Capital completes sale of Amerijet

Amerijet operates a fleet of ten aircraft, offering scheduled and charter cargo services and transporting over 200 million pounds of freight annually.

Fiera Capital acquires Larch Lane Advisors' investment strategies

The division managed $17.7 billion as of June 30.

BlackRock Fills Wall Street Void in Headquarters Hunt

Asset manager has narrowed search for new headquarters down to three sites in Manhattan

Steven Cohen bets $250million on firm that uses algorithms

Mr. Cohen is also making an undisclosed investment in Quantopian itself.

Hedge fund assets drop below USD3tn as investors withdraw USD20.7bn in June

June redemptions were the largest June since eVestment began tracking monthly flows in 2009.

Avalon sold to arm of Prudential Financial

The sale will likely have little effect on consumers and residents.

CIBC builds private capital and tech focus for investment banking

CIBC has been repositioning itself to serve them.

Blockchain Consortium Agentic Group Introduces New UK Office

The company plans to organize a series of events featuring prominent figures from the blockchain, digital currency community to educate corporates on the implications of these cutting edge technologies on their businesses.

Fidelity CharitableAnnounces Charitable Planning Practice Management Program for Advisors

“As a result, we’re better able to help our clients meet their giving goals in a smart and responsible way.”

GMO’s MeanReversion Strategy Is Tested in Today’s Market

Jeremy Grantham and Ben Inker have a long track record of successfully calling market bubbles, but their investment strategy can take a long time to play out.

Citco Announces Launch of Citco Capital Solutions

Provides Full Suite of Capital Advisory Services to Hedge Fund, Private Equity, and Real Estate Firms

CalSTRS moving toward low-carbon diet

Fund calls $2.5 billion push big part of sustainability plan

Alternative Investments