Managers of Wealth Americas

The Man Who Could Eat Half the Profit in Fund Management

A Q&A with the former CEO of AllianceBernstein and pay-for-alpha proponent.

Hedge funders’ lavish gala raises $1.5M for Lincoln Center

Kicking off the event, which raised $1.5 million for Lincoln Center for the Performing Arts and related organizations, was former New York City Mayor Michael Bloomberg.

Capital One advisors to go indie with Advisor Group firm after M&A deal

Some 33 key advisors within the group will run the new Woodbury offices in the New York City area, the mid-Atlantic region, Louisiana and Texas, says Woodbury CEO Rick Fergesen.

Hedge fund manager Cohen heads east to 'swing big' with Point72 Ventures

Asia presents a chance to "swing big" because it's unburdened by technological infrastructure, particularly in financial services

Harneys predicts major upswing in infrastructure investments in Argentina

Harneys expects the Cayman Islands to play a significant role in structuring the investment opportunities for the mammoth infrastructure requirements.

Avenue Capital to launch 'impact' investment fund, source says

Avenue, led by billionaire Marc Lasry and best known for its bets on distressed debt, is seeking to raise about $500 million for the new fund, said the source, who requested anonymity because the information is confidential.

HighTower to Buy Salient Private Client in Houston

The deal will give HighTower its first footing in Texas and its first trust business, Salient Trust Co., LTA.

Merrill Exile Riley Etheridge Resurfaces at American Funds

His career included a stint running the New York and Mid-Atlantic regions of Merrill’s Private Banking and Investment Group.

Public Policy Forum and TD Bank Group announce multi-year Future of Work strategic partnership

TD will provide a $750,000 investment as part of its global corporate citizenship platform, The Ready Commitment, to help open doors for an inclusive future.

Frazier Investment Management Launches Financial Services and Investment Management Practice

Rhode Island-based financial services firm Frazier Investment Management to offer modern planning advice to entrepreneurs, businesses, families and individuals.

BofA: Money manager equity allocations continue to drop

Only 18% of investors surveyed think equities have already peaked, while 40% expect a peak in the second half of 2018.

Bankruptcies reinforce LBO fears of managers

Despite the recent headlines, the number of bankruptcies of private equity-backed companies fell sharply in 2017.

Manulife Investments Announces Changes to Portfolio Management Team

The investment thesis of all four funds remains the same.

LaSalle Investment Seeks $1 Billion for Property Fund

The value-add strategy involves improving properties through “a combination of capital upgrades, creative property repositioning and active leasing,” according to a presentation about the seventh fund made to the Contra Costa County Employees&

BlackRock CEO Larry Fink surpasses $1 billion in personal fortune

Larry Fink, the chairman and CEO of investment company BlackRock, surpasses the $1 billion-mark in personal wealth, according to the Bloomberg Billionaires Index.

Hedge fund Elliott adds to calls for Whitbread to spin off Costa

The feared American activist is thought to hold the view that as much as £3bn of value could be created by splitting the coffee shop chain from Whitbread’s Premier Inn budget hotel arm, The Sunday Times reported.

Kestra Private Wealth Services Leads Another Wirehouse Team to Independence

True Alpha Wealth Management joins Kestra PWS

SpiderRock Advisors Adds StratiFi's Option Solutions Business

Wealth customers will pay based on amount of assets with firm

LTC Global Acquires Smith Companies, Taps Timothy Smith to Lead

“We look forward to working with Tim and supporting the growth of the Smith Companies,” said Schmedlen.

EK Insurance Launching a Specialized High Net Worth Homeowners Insurance for Wealthy Individuals & Families

This announcement is coming at a time when high net worth individuals are under siege from exploitative lawsuits.

Alternative Investments