Managers of Wealth Americas

Shaping Wealth Develops AI-Powered Behavioral Finance Assistant

The AI program, Lydia, was developed with Alai Studios to help advisors connect with clients emotionally.

Pensionmark and Vestmark Announce Strategic Partnership to Help Shape the Future of Wealth Management

The collaboration between Pensionmark and Vestmark is a significant step forward in the financial services industry

CIBC Asset Management Inc. announces fund terminations

Effective immediately, units of the Funds are no longer available for new purchases

HDFC Bank and TD Bank Group sign an agreement to simplify banking experience for Indian students in Canada

Agreement expands existing global relationship between the two banks.

US equity investors increase risk appetite: S&P Global

S&P Global report shows expectations for returns have declined.

State Street Partners with Diverse Firms to Underwrite $1 Billion of Senior Debt

This offering reinforces State Street’s commitment to inclusion and diversity in the financial services industry

Fair Market Value Capital Partners and TD Asset Management jointly acquire a minority interest in PSA Italy from PSA International

PSA Italy operates three container terminals in the Port of Genoa and Port of Venice that are the premier gateway terminals serving the Northern Italian hinterland, handling a total of two million TEUs in 2023.

High-profile hedge fund managers line up launches for 2024

Many of these people have done extremely well and may be looking for something more independent

Nomura Announces Investment in Teamshares

This innovative model focuses on gradually transferring capital to employees rather than seeking investment returns by selling equity to third parties.

CI Global Asset Management Announces March 2024 Distributions for CI ETFs

The ex-dividend date for all ETFs is March 21, 2024

IQ-EQ subsidiary FNTC America acquires White Rock Group LLC

This merger allows ECR to strengthen its service offering, ensuring it can continue to support FNTCA under its strategic arrangement, allowing both to provide seamless title, trustee, foreclosure, escrow and legal services to their shared clients.

Wall Street forecasts are chasing the US economy higher

Feroli's call for increased economic growth in the middle quarters of this year matches the broad shifts seen in consensus forecasts.

Sagard and HalseyPoint Asset Management Enter Into Strategic Partnership

Alternative asset manager Sagard acquires 40% stake in HalseyPoint CLO platform to help accelerate next phase of growth - Platform to be co-branded Sagard | HalseyPoint

Schwab Asset Management Announces Index and Fund Name Changes to Its Fundamental Index ETF and Mutual Fund Family

The changes are part of Schwab Asset Management’s continual review of its product set to refine and enhance its product line-up.

Revisiting The Mortgage Investment Corporation For Alternative Income

It is expected to grow to $2.3T by 2027, which is amongst the fastest growing asset classes.

Royal London Asset Management launches US Equity fund

It has returned 99.7% over the past five years in comparison to a sector average of 85.41%, according to data from FE Fundinfo.

GoldenTree Announces over $1.35 Billion Private Credit Fund

GoldenTree’s Private Credit Fund is delivering a net IRR of 22%, representing one of the highest levels in its peer group

The Indomitable Nature of Bank Cards

Nomura Introduces Nomura Capital Management as Firm Refines Focus on Investment Management Business in the Americas

The creation of NCM integrates Nomura Group’s unique strengths and established record of success in the U.S. credit market.

The inside story of New York Community Bank’s $1 billion lifeline

The group will end up with about 40% of NYCB, a person familiar with the situation told Fortune.

Alternative Investments