Managers of Wealth Americas

AM Best revises rating outlook of AXIS subsidiaries to negative

However, the rating agency added that the revised outlooks are based on unfavourable trends in the group’s operating performance, particularly from AXIS’ insurance segment.

A hedge fund that focuses solely on marijuana is crushing it

The fund's gamble is paying off — it ended 2017 up 127% and outperformed major benchmarks.

Pimco Profit Rises to the Highest Since Bill Gross Quit Firm

The money-management firm’s profit was driven by strong net inflows to its U.S. Income Fund as well as strategies including long duration and income.

Hedge funds have outperformed stocks and bonds on risk-adjusted basis

The organisations found that hedge funds have out-performed equities and bonds on a risk-adjusted basis over one, three, five and 10-year periods.

Athena Capital Advisors Expands National Presence with New San Francisco Office

The firm also has an office in New York City.

MetLife To Invest Tax Savings In Employees

It will also create a new $10 million skills development fund to help its employees around the world upgrade their workplace skills.

GCM Grosvenor Closes its Secondary Opportunities Fund II at $700 Million

GSF II will acquire interests in private funds through secondary market transactions, with a focus on transactions of less than $50 million average deal size.

Now's the time to scrutinize your fund manager's performance

Some strategies will be performing well, while others may be challenged by market conditions. Make sure your manager's looking out for your best interests

Canaccord eyes junior gold sector after cannabis and crypto drive record Q3

“You haven’t seen it in the gold price yet, but you can clearly see it in the nature of the activity starting to brew up.”

RMB Asset Management Launches New Global Strategy

The Mendon long/short U.S. financials strategy won an Investors Choice Award in the “Specialist Equity Fund” category for 2016 and 2017.

Magellan acquires US and Australian fund managers

The US manager is Frontier Partners Group, which has operated as Magellan's US distribution partner since 2011. Frontier manages strategies for US institutional clients.

Hub International Acquires The Assets Of Texas-Based IPS Advisors, LLP and IPS RIA, LLC

IPS Advisors' leadership team and staff will join Hub Texas.

Chinese Tycoon Is Said to Near $800 Million U.S. Hotel Purchase

Junson plans purchase of U.S. hotel portfolio from MassMutual

Blackstone's core-plus real estate business reaches $27bn

Its report for the fourth quarter of last year shows that its core-plus assets under management (AUM) rose 91% year on year during the period.

Chubb posts strong earnings

Fourth quarter net income of $1,533 million and core operating income (1) of $1,489 million included a provisional tax benefit of $450 million, or $0.96 per share, related to the 2017 U.S. Tax Cuts and Jobs Act (2017 Tax Reform) and a one-time expense rel

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