Managers of Wealth Americas

Family Steps into Activism Fray

The stock of Sorrrento, a biotech company, has plummeted more than 75 percent since July, to a $220 million market valuation.

Midas touch gone, hedge fund industry's influence may be waning

After a decade in which hedge fund assets nearly doubled, there are several signs that the golden era for the $2.9 trillion industry may be on the wane, draining the influence of fund managers who once considered themselves masters of the universe.

Trump's Tough Talk on Hedge-Fund Taxes Doesn't Match His Plan

In other words, if Trump’s proposals came to pass, many investment managers’ tax rates would go from 23.8 percent to 15 percent.

Wall Street appeals to Main Street with millions in community based projects

Marquee names like Citigroup, Bank of America and JPMorgan Chase are plowing money into a broad range of nonprofit ventures that signal a new phase in corporate social responsibility.

Vanderbilt Financial Group on a Recruiting Roll Adding Six Financial Advisors

Long Island Financial Advisors Robert Greene, Suzanne Levy Esq., David Levin, Gina Quartararo, Sandee Petry and Carol LaRocque Join Vanderbilt Financial Group as Independent Financial Advisors

ICICI Prudential Life to hire banks for up to $700 mln IPO A vehicle passes a life insurance bill board of ICICI Prudential, in Bombay September 30, 2002.

ICICI Pru Life and HDFC Standard Life Insurance - a joint venture between Indian mortgage lender Housing Development Finance Corp Ltd and Britain's Standard Life PLC - are set to become the first Indian insurers to sell shares through an IPO.

Trump Picks Asset Manager to Head Campaign Finance Team

Mnuchin founded OneWest Bank Group LLC, which he left last year, and before that he worked as a partner at Goldman Sachs.

MUFG Investor Services Completes Acquisition of Capital Analytics

MUFG Investor Services is the global asset servicing group of Mitsubishi UFJ Financial Group, which is one of the largest banks in the world with $2.4 trillion in assets.

Qatar Investment Authority in talks to buy St Regis hotels in New York and San Francisco

The talks come at a time when hotels in Qatar feel the heat from low oil prices

China’s Modern Land Forms US Subsidiary to Invest in Multifamily Property

AMG Capital was formed specifically to invest in high quality, urban multifamily developments in U.S

Steven Cohen seeks redemption in Milken’s model

Mr Cohen was also highlighting what will be his strongest pitch to future clients

Foresters Financial completes the purchase of Aegon Capital Management and Aegon Fund Management

The names of the imaxxFunds™ have not changed as a result of the acquisition.

Stanley Druckenmiller Laments ‘Reckless’ Corporate Financial Behavior

In particular, Druckenmiller argued that stock buybacks and other rewards for financiers and shareholders have far outpaced research, development and capital expenditures such as plant improvements.

Hedge Fudge Managers Lose Their Swagger

In six months, investors have withdrawn $16 billion.

New York state pension leader calls hedge fund fees ‘unfair’

Traditionally, hedge funds pocket a 2 percent annual management fee and take an additional 20 percent of performance gains.

Brevan Howard Said to Start Low-Cost, Liquid-Fund Business

The move marks Brevan Howard’s push into the liquid alternatives funds market that has grown to $784 billion at the end of the first quarter

Janus' Bill Gross sells part of famed stamp collection

Pimco has denied his claims and said Gross' own behavior and treatment of colleagues would have justified his firing.

Hedge Fund Managers Lose Their Swagger

In six months, investors have withdrawn $16 billion.

Top hedge fund chief says talent is scarce

In less than seven days, hedge funds have been subject to a three-pronged attack by some of the biggest names in finance.

Cohen's Point72 Starts Venture Unit to Fund Financial Technology

The move reflects the growing importance of technology to money managers such as Cohen, who started a data crunching unit last year and hired an executive from International Business Machines Corp.

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