Managers of Wealth Americas

Canadian Hedge Funds East West, SW8 Join Forces

Going it alone in the Canadian hedge fund industry is not easy—so two Northern firms have decided to go it together.

Cuomo Nixes Higher Hedge Fund Allocations By Pensions

Citing increased risks and higher fees, New York Governor Andrew Cuomo vetoed a bill that would have allowed state pension funds to up their hedge fund allocations.

Gemini Alternative Funds Launches Galaxy Plus Fund, Delivering Access to Select Group of Commodity Trading Advisors

The new platform reflects the continuing growth of Gemini Alt's comprehensive line of investment vehicles designed to meet the evolving needs of advisors and high-net-worth clients.

Levine on Wall Street: Cuba Funds and Dark-Pool Plans

Yesterday's big news that the U.S. will move to normalize relations with Cuba was also big news for U.S. investment funds that invest in Cuba.

Hedge Fund Alden Global Profits On Russian Turmoil

New York-based hedge fund Alden Global Capital is apparently making money on Russia's financial crisis.

AMP Capital receives global infrastructure commitment from Ontario Pension Board

AMP Capital has received a US$200 million commitment, with additional co-investment rights, from Canadian pension plan Ontario Pension Board (OPB) to invest in its global infrastructure strategy.

UBS to nominate BlueMountain exec Staley to board

UBS said on Wednesday it would nominate Jes Staley, an executive at New York-based hedge fund BlueMountain Capital Management, to the board of the Swiss bank at its May shareholder meeting.

Canada’s Ontario Pension Board pours $US200m into AMP

Ontatario Pension Board, a major Canadian pension fund, has injected $US200 million into AMP Capital’s global infrastructure strategy, with additional co-investment rights.

Boomers are finding easier access to hedge funds

A generation of investors nearing retirement is increasingly looking at alternative investments, such as commodities, real estate, private equity and hedge funds, not only to reach for higher returns but also to provide a hedge against risk through portfo

Janus Launches INTECH Emerging Markets Managed Volatility Fund

INTECH's investment team will manage the fund, which is engineered with the intent of providing a smoother investment experience

NCR Corp. agrees to partial pension buyout with Principal Life Insurance

The group annuity contract with Principal affects U.S. retirees who began receiving benefits before Jan. 1, 1994.

Junk-Bond Investors Facing First Global Loss in 6 Years

The worst monthly performance in more than three years has eroded returns on speculative-grade debt, shrinking the year’s gain to 0.15 percent after ending November at 4.34 percent, according to Bank of America Merrill Lynch index data.

MRM wins SEI Wealth Platform account

MRM has won the UK account for the Wealth Platform of SEI, the global financial firm.

Private Equity Crowdfunding Marketplace for Retail Investors InvestX Announces Beta Launch

The initial offering on the InvestX beta site allows accredited investors the opportunity to invest in Cleveland HeartLab’s Series C financing.

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.

Alternative Investments