Managers of Wealth Americas

Jefferies Pursues Alternatives for Bache Commodities Business

The loss for the three months ended Nov. 30 was driven by a writedown of goodwill at Bache, which Jefferies acquired in 2011

California Pension Fund May Change Benchmark for Private Equity

The California Public Employees’ Retirement System, the biggest U.S. pension, may change the benchmark it uses to measure private equity performance as $31.3 billion in investments underperform.

Pension funds in talks with Bank of America over chairman rolePension funds in talks with Bank of America over chairman role

Two pension funds are engaged in discussions with Bank of America about the bank’s decision in October to hand the chairman title to CEO Brian Moynihan.

Why Sovereign Wealth Funds Need Private Equity

This is an unprecedented amount of sovereign wealth capital flowing toward direct investing in assets and companies.

BNY Mellon Appointed Delegate, Paying Agent For Dubai's DIFC Investments Sukuk

Bank of New York Mellon Corp. an investment management and investment services firm, Monday announced that it has been appointed delegate, principal paying agent, registrar and transfer agent for a Sukuk launched by DIFC Investments LLC.

High fees and low performance hit hedge funds

Disenchantment over high fees and lacklustre performance may finally be turning the tide against hedge funds, fresh data suggest.

KPMG expands social media intelligence capability

KPMG Capital, a specialist data and analytics investment fund for KPMG member firms around the globe, has taken a substantial equity stake in Bottlenose Inc., a Los Angeles-based real-time trend intelligence company.

Allianz To Co-Invest up to $1 Bil. in US Real Estate with Manulife

Manulife Contributing 80% of Two Core Office Properties as First Venture

Goldman Sachs details plans for liquid alts, 'smart beta' ETFs

New filings by the liquid alts mutual fund manager offer details for its long-anticipated ETF debut

The Investment Fees You Don’t Realize You’re Paying

Many Americans have no idea what they pay for investments. Get smart and track these stealthy fees.

HSBC Global Asset Management (Canada) Limited Announces Planned Pooled Fund Mergers

The mergers have received the approval of the Independent Review Committee of the HSBC Pooled Funds.

Brazil's Providence acquires and rebrands fund administrator

Providence Global has completed the acquisition of Guernsey fund administrator Fund Corporation and rebranded it as Lumiere Fund Services.

Catalyst Rolls Out New Hedging-Strategy Fund

Alternatives as an asset class became popular after the 2008 equity-market meltdown.

Petsmart $8.7bn sale marks largest 2014 buyout

The company has been under pressure from activist hedge fund Jana and longstanding investor Longview Asset Management since July, with both calling on the board to pursue a sale.

Investors bank on Lending Club success

Tracy Alloway and Eric Platt in New York and Richard Waters in San Francisco

Pension Bill Seen as Model for Further Cuts

A measure included in Congress’s mammoth spending bill permits benefit cuts for retirees in one type of pension plan, a big shift that lawmakers and others believe could set a precedent for other troubled retirement programs.

CSQ to provide outsourced CIO services in new partnership with Strategic Capital Alternatives

SCA offers streamlined technology for independent advisors, including turnkey asset management portfolios (TAMP) that adopt a multidimensional approach to investing by embedding alternative opportunities.

Experts Debate Fund Industry Outlook at Walkers Seminars

Leading international law firm Walkers has completed another season of its acclaimed series of investment funds seminars, which were held this year in New York, San Francisco and London.

Clients Lost Millions in Hedge Fund Managed by Debt Collector, SEC Charges

The SEC is instituting cease-and-desist proceedings against Reliance Financial Advisors and co-owners Timothy Dembski and Walter Grenda Jr., charging both men with violations of the antifraud provisions of the Investment Advisers Act, the Securities Act a

Manulife and Allianz to Co-invest up to $1 Billion in U.S. Real Estate

Manulife will maintain a partial interest and continue to manage both assets through its vertically integrated platform. In partnership with Allianz, Manulife will seek to invest in additional high quality office properties in U.S. gateway cities.

Alternative Investments