02/22/2016
Prelude closes new fund to acquire founder-owned businesses
Prelude noted that they will be conducting a national search for great businesses and will be extremely active in the marketplace
Alternative Investments
02/22/2016
Hedge funds and private equity pressured to cut fees
The most sure-fire way to enhance returns is to reduce fees
02/22/2016
Carlyle Shutters DGAM Hedge Fund-of-Funds Unit It Bought in 2014
DGAM co-founders George Main and Warren Wright will leave after they wind down the Toronto-based business, which oversees less than $2 billion in fee-paying client assets.
02/22/2016
Wagner Wealth Management has been named the Greenville Chamber’s Small Business of the Month for February 2016.
The firm was opened in 2007 and currently employs 11 individuals.
02/22/2016
No prospective buyers lining up, and Aurora is steadily dimming
A buyer for the former high-flying, institutionally oriented hedge funds-of-funds manager, which has seen a swift, steep decline in assets, has yet to emerge.
02/22/2016
Waud Capital raises biggest fund yet
This latest fund attracted more than twice as much money as the prior third fund, which drew $487 million in 2011.
02/22/2016
George Soros Net Worth: His Secret to Making Over $24 Billion
He currently plans to hand control of Soros Fund Management over to his son, Robert, later this year.
02/22/2016
Money Management Institute expands workplace diversity initiative
MMI's Gateway to Leadership program places minority college students in paid internship positions with financial services industry firms.
02/19/2016
Citadel slims down as torrid markets deliver losses
Surveyor invests across seven industry sectors including entertainment, energy, healthcare and technology, according to the company’s website.
02/18/2016
Brinker Capital Launches its First Destinations Collective Investment Trust in Partnership with The Guardian Life Insurance Company of America
New Solution Builds upon Brinker Capital’s 10 years as a Retirement Plan Service provider, and over 20 years as the provider of Destinations’ disciplined investment process
02/18/2016
Fund managers hike cash to pre-2001 levels but it signals a buying opportunity, say experts
Professional investors have taken cash allocations to their highest levels in almost 15 years amid the turmoil in global markets but some argue that the market correction looks overdone.
02/18/2016
Ex-Reed Smith Partner Forms Three-Lawyer Tax Boutique in LA
He joined Reed Smith in 2010 as an income partner and was promoted to equity partner
02/18/2016
Hedge Funder’s Gate Not ‘Friendly’
It was built without site plan approval.
02/17/2016
BNY Mellon's Pershing Introduces New Independent Recordkeepers to Growing Retirement Plan Network
New firms selected for value they bring to advisor-centric models, ability to help firms more efficiently manage data
02/17/2016
US expects over $35bn Qatari investments: Envoy
The senior US diplomat also said that if one really wants to see the growth of trade and economic ties, one needs to just enter a mall to see American products
02/17/2016
Savanna unveils 106 West 56th Street high-rise office plan
The seller will remain in the existing building for up to 12 months.
02/17/2016
Canoe Completes O'Leary Asset Acquisition
The acquisition continues Canoe's trajectory as the fastest-growing independent mutual fund company in Canada.
02/16/2016
Savanna reveals plans for boutique luxury office building on Billionaires’ Row
Architecture firm Perkins Eastman has been tapped to design the project, which will feature Central Park views for floors above the 15th floor.
02/16/2016
Lincoln Memorial, nearing 100, to get multimillion-dollar overhaul
The memorial, which attracts 7 million visitors a year, will remain open during the work, although parts of it may be closed off from time to time.
02/16/2016
US expects over $35bn Qatari investments: Envoy
The move illustrates the confidence Qatar holds for the US and the wider Americas.