Managers of Wealth Americas

TD Asset Management Inc. Launches TD Global Equity Focused Fund

Through innovation and active management, TDAM's suite of global solutions can help achieve positive risk reward outcomes.

Westhook Capital Closes Inaugural Private Equity Fund, at $140M

Westhook is targeting 5 – 6 platform investments for the fund.

UBS launches World Bank sustainable debt product

UBS said it has no target for the amount it is seeking to raise for the World Bank, but “demand is promising”, according to Michael Nelskyla, head of investment solutions at the Swiss bank.

Spanish AM inks deal with Peru firm in LatAm growth bid

Espada said he’s seen interest from Latin American clients for this last type of investment because of the expectation of further rate hikes in the US.

Hedge fund that called EM selloff sees turnaround

The hedge fund manager's optimism comes as a growing cadre of investors run for the exits, citing among other reasons, the US Federal Reserve's steady pace of interest-rate hikes.

AI Hedge Fund said to liquidate after less than two years

The fledgling world of AI hedge funds is claiming one of its first casualties.

Millennium said to shut down pioneering quant hedge fund firm

Millennium Management has shut down a quant hedge fund founded by two acclaimed physicists that suffered only one losing year since it began trading in the early 1990s.

Deutsche Bank Courts New York Hedge Funds After Cuts

An invitation viewed by Bloomberg said the meeting would offer “insight into DB’s current credit-risk profile, CCAR results, and other topics relevant to our counterparties.”

Duperreault wants to use more ILS to reduce AIG volatility

Underwriting is in its essence looking at risk and matching it with capital and AlphaCat gives AIG another capital to use and match risks, Duperreault explained.

WTS Global Opens US Desks

With the office in San Francisco, the focus will be on high-tech and IT driven companies - a declared focus of WTS Global.

Akaan Lombard International to acquire Principal Seguros life insurance business in Mexico

This acquisition will enable Akaan Lombard International to accelerate its growth plans for Mexico and Latin America, serving the needs of high net worth individuals, their families and institutions across the region.

BMO Financial Group Completes Acquisition of KGS-Alpha Capital Markets

KGS has been rebranded as BMO Capital Markets.

Councils urged to stop using pension funds to invest in fracking

Friends of the Earth Scotland, 350.org and Platform publish report showing local authorities in Scotland invest £972m in 12 companies fracking overseas

JPMorgan Is Liquidating $1 Billion Credit Hedge Fund Led by Fahad Roumani

The JPMorgan fund has returned more than 50 percent since it opened, with no down year, according to the letter.

BlackRock’s Decade: How the Crash Forged a $6.3 Trillion Giant

Ten years later, its shrewd moves are a master class in capitalizing on others’ risk.

Goldman drops subadvisor on $255m target date series

Goldman will now manage the money itself.

Amundi sees Wall Street's bull run continuing before slowdown in 2019-20

Amundi’s analysts expect a soft landing for the U.S. economy next year and in 2020, to a gross domestic product growth of 2 percent in 2020 as a result of the combination of trade barriers, higher inflation, higher interest rates, lower productivity

Fifth Third to buy North Carolina investment adviser

The deal is expected to close by the end of this year.

Vanguard nips at BlackRock’s heels for fund crown

Money manager attracted $112bn of net new flows in first half while bigger rival brought in $77bn

JPM AM aims for onshore private fund license

Other foreign fund houses have set up a wholly-owned business in China through an IM WFOE structure.

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