Managers of Wealth Americas

Peak6 Hedge Fund To Strike Out On Its Own

Peak6 Investments is spinning out its hedge-fund business, selling the unit to its top management.

Vanguard Reaches $3 Trillion In Assets, Matching Entire Hedge-Fund Industry

An asset manager selling index funds from a leafy suburb of Philadelphia now has about the same amount of assets under management as the entire hedge fund industry.

Third Point Hedge Fund Sorry For Shafting Investors, Sort Of

If you’re fabulously wealthy and generous to a fault, you might agree to such arrangements in connection with your personal accounts. Maybe the unknown investors deserve, or need, the money more than you.

Fortress Pays Executives for Expenses to Manage Fortunes

Fortress Investment Group LLC paid four of its top executives $63 million last year.

AIMA Announces New Council

AIMA’s Council is elected every two years and is comprised of members from its three regions – the Americas, EMEA and Asia-Pacific.

Peak6 Investments sells off hedge fund

The deal is expected to close at the end of this month.

Blackstone targets $7 bln to $8 bln for next TacOpps fund

The first TacOpps fund, which launched in 2012, closed in March on $5.6 billion and included investors such as the California Public Employees’ Retirement System

Norway Sovereign Wealth Fund Spends $1.5 Billion on NY and Boston Properties

This puts the aggregate value of the properties at around US$ 4.06 billion. All the properties are Class A office towers.

Nuveen Announces Closed-End Fund Merger

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the merger of American Municipal Income Portfolio Inc. into Nuveen Quality Municipal Income Fund, Inc. has been app

Leading Wall Street Strategist Announces Formation Of Fundstrat Global Advisors

He was previously J.P. Morgan's Chief Equity Strategist before founding Fundstrat.

Calpers dumps hedge funds citing cost, to pull $4 bln stake

The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

Allianz plans to sell U.S. consumer business

Fireman's Fund's commercial coverage focused on small and medium-sized U.S. businesses will be integrated into Allianz' industrial insurance unit called Allianz Global Corporate & Specialty, Sueddeutsche Zeitung reported on Saturday.

Thornburg's international equity assets drop

A portfolio manager realignment at Thornburg Investment Management to shore up performance in the firm's international value equity institutional strategy and mutual fund has fueled a substantial client exodus.

Nordea: Portfolio Manager Ed Cowart, CFA, receives Sauren Golden Award

Ed Cowart, who manages the Nordea 1 – North American All Cap Fund for Nordea, won the Sauren Golden Award 2014 in the “U.S. equities” category yesterday.

BNY Mellon's Dreyfus Launches Three Innovative Multi-Factor Smart Beta Equity Funds

The Dreyfus Corporation, a BNY Mellon company, announced today that it has launched three new mutual funds that seek to improve market exposure by pursuing consistent benchmark outperformance and downside protection potential relative to traditional marke

Alternative Investments