Managers of Wealth Americas

US regulator settles with Ares

Ares Management LLC is a wholly-owned subsidiary of NYSE-listed Ares Management Corporation, which managed US $149 billion in assets under management at March end.

Accredited Investors Can Now Invest In Bitfury’s Bitcoin Mining Farms

The blog says that investment vehicles like this are necessary for building out a robust and mature market structure to give high-net-worth investors a form of exposure to Bitcoin that they are comfortable with.

BIS opens Mexico City dealing room for the Americas

The new facility complements the existing BIS trading rooms in Basel and Hong Kong SAR, allowing the BIS to offer 24-hour services to its central bank customers.

CPPIB annual net assets rise even as virus erodes returns

Net annual return fell to 3.1% from 8.9% in 2019.

Bank of America Corporation (BAC): Hedge Funds Sentiment Near All Time Low

There were 99 hedge funds in our database with BAC holdings at the end of the previous quarter.

New Chubb Whitepaper Explores Surge in Litigation Against Fiduciaries of Employer-Sponsored Retirement Plans

Co-authored by Chubb and Groom Law Group, the paper urges companies to take steps to reduce exposure to heightened claims

Private-Equity Firm Seeks $2 Billion to Buy Stakes in NBA Teams

The NBA selected Dyal in April to form a fund to buy up minority stakes.

JTC Asking the Experts: Foreign HNWI Investing in the US

In this first episode, Emilio Miguel and Victoria Pastore from the JTC Miami office talk to Sergio Alvarez Mena from Jones Day law firm, Miami, about the key regulatory and tax issues that foreign HNWIs should be aware of when investing in the US.

LPL Financial Reports Monthly Activity for April 2020

Total client cash balances at the end of April were $47.0 billion

IRS FAQs: Coronavirus-Related Relief for Retirement Plans and IRAs

The individual is entitled to treat a distribution as a coronavirus-related distribution for the individual's federal income tax return only if the individual actually meets the eligibility requirements to be a qualified individual.

Hedge Fund Luminaries Are Lining Up Behind Gold Again

Hedge fund luminaries including Paul Singer, David Einhorn, and Crispin Odey are among those bullish on gold, according to recent letters to investors. So are large asset managers like Blackrock Inc. and Newton Investment Management.

Crestone Capital Announces Five New Shareholders

Industry leaders expand Crestone's ownership structure

BankThink Big banks' best defense in a pandemic: A diversified strategy

The nation’s biggest banks, however, will be better positioned to fight the pandemic than smaller banks.

PNC Announces Intent To Sell Its Investment In Blackrock

The transaction has been approved by PNC's Board of Directors.

Here's the Average Stimulus Payout in All 50 States

But what really stands out to the American public about the CARES Act is the $300 billion directed toward stimulus payouts for working Americans and seniors.

Trillion-dollar club tightens grip on fund market during crisis

Market leaders such as BlackRock, Vanguard and State Street have gained control of 61% of the industry’s assets

Brookfield to Create $5 Billion Retail Revitalization Program

The Retail Revitalization Program will focus on retail businesses that have $250 million or greater in normalized revenues and have been operating for at least two years.

Odey called out over Brazil agriculture investment

Global Witness highlights UK hedge fund’s stake in company accused of environmental violations

Ameriprise Financial Reports First Quarter 2020 Results

The company’s business continuity capabilities ensured that advisors have the tools and information necessary to meet and exceed client needs in this volatile environment.

Hedge funds bet on gold as refuge from ‘unfettered’ currency printing

Big-name investors such as Elliott and Caxton act on concerns over debasement of money

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