03/07/2016
Coalition attempts to close private fund manager U.S. tax loophole
That money, after adjustments, is treated as a capital gain and taxed at a rate significantly lower than the one for the income of wage earners.
Alternative Investments
03/03/2016
Morgan Stanley Investment Management Raises $3.6 Billion for its Second Global Infrastructure Fund and Assembles a $2.2 Billion Co-investment Club Consisting of a Group of the Fund’s Investors
The team has also assembled a co-investment club consisting of a group of NHIP II’s investors with a nominal amount of up to $2.2 billion for a total of $5.8 billion of available capital to invest in the infrastructure sector.
03/03/2016
Qatar Investment Authority inks $1.34bn deal to buy Los Angeles offices
The four ‘class A’ buildings are in Westwood, a West Los Angeles district that borders Beverly Hills.
03/03/2016
50 South Capital to buy Aurora Investment Management
The acquisition is subject to customary closing conditions and is anticipated to close in the third quarter of 2016.
03/03/2016
Marsh & McLennan Agency Acquires Celedinas Insurance Group in Florida
MMA is a subsidiary of Marsh established in 2008
03/02/2016
Network International to Buy Emerging Markets Payments Group
Dubai-based company paying over $300 million to expand in Middle East and Africa
03/02/2016
Washington Park Advisors Launches on tru Independence Platform
Their primary investment philosophy revolves around the absolute level of earnings rather than the velocity of the growth of earnings.
03/02/2016
Ironshore launches new $1m private insurance portfolio
Ironshore’s personal lines policy will be available for high net worth homeowners with properties valued in excess of $1 million.
03/02/2016
Ex-Morgan Stanley banker hopes to raise $1bn for new fund
He tried to raise a smaller version of the fund four years ago but put those efforts on hold as he launched DBO.
03/02/2016
Bank of America Developing Trade Finance Blockchain Pilot
Tiede also said that this particular pilot program is being developed in private
03/02/2016
Brazil's Oi hires PJT Partners to renegotiate debt
Rothschild, which Oi hired last year to improve the company's debt profile, will negotiate with local lenders
03/01/2016
Ironshore launches new $1m private insurance portfolio
Pennsylvania and Georgia will be the first states approved for new business effective March and April 2016
03/01/2016
Sovereign Funds Sold Equities Across the Board in 2015, Fleeing Broad Indices
Over $17 billion was withdrawn from global equity mandates
02/29/2016
Gatehouse completes portfolio acquisition of ten select service hotels in the US
This acquisition marks Gatehouse's second investment into the select service hospitality space, following its acquisition in 2014 of a Marriott Residence Inn located in Midtown, Manhattan.
02/29/2016
Financial advisors at Maynard's Centinel Financial Group named 2016 Five Star Wealth Managers
Five Star Professional identifies wealth manager award candidates through firm nominations, peer nominations and industry qualifications.
02/29/2016
New York real estate continues to slow as dollar gains strength
For the overall market, slower price growth and longer time on market isn’t necessarily a sign that prices will drop
02/29/2016
Instinet named Best Cross-Asset Trading Solution by Wall Street Letter
Last year, Instinet was awarded Best Algorithmic and Crossing Network Provider by WatersTechnology
02/26/2016
A burgeoning group aims to crash N.Y.C.'s hedge fund parties
Founded in early 2015, the Hedge Clippers differ from Occupy Wall Street in the sense that it solely targets hedge funds.
02/26/2016
NorthStar Realty Hires UBS to Aid on Possible Recombination
NorthStar Realty shares jumped 16 percent
02/26/2016
MetLife’s Advisor Force May Go to MassMutual
MetLife’s captive brokerage operations have gone through several upheavals in recent years.