Managers of Wealth Americas

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.

Hedge fund Elliott Management wants Micro Focus, which bought HPE Software and SUSE Linux, to go private

Hedge fund Elliott Management has taken a stake not far below 5 percent in Micro Focus.

Captive insurance experts promote risk-management benefits of Bermuda market to Canadian corporations

The TIEA allows Bermuda subsidiaries of certain Canadian corporations with international operations to be eligible for Canadian tax benefits, including the tax-free repatriation of certain dividends to Canada.

Pimco Accused of Discrimination, Retaliation by Female Executive

Stacy Schaus says younger men got promotions, were paid more

Columbia Threadneedle Investments expands municipal bond offerings

They are available on several platforms.

Hedge funds increased their bets against Facebook before Zuckerberg testimony

IHS Markit forecasts short interest in Facebook to have totaled 29.2 million shares on Friday, up from 25.9 million in mid-March.

Schonfeld Strategic Advisors to acquire Folger Hill Asset Management

Folger Hill has a total of about 100 employees and manages roughly $1 billion in assets.

New systematic fixed income fund offered by AQR Capital Management

The company also said the fund should “generate excess returns that are uncorrelated to fixed income markets, other fixed income managers, as well as equity markets.”

Crestpoint completes $500 million in property acquisitions

Since its inception in 2011, the Crestpoint Core Plus Strategy has consistently added value for its clients and generated strong annualized returns.

Prime Meridian Capital Management Announces New Fund Launch: The Prime Meridian Special Opportunities Fund

Prime Meridian Capital Management a Registered Investment Advisor (RIA) specializing in marketplace lending strategies across three alternative credit verticals in four funds, today introduced the Special Opportunities Fund.

Invest team chooses Commonwealth despite wooing by rival CEOs

Commonwealth, the No. 4 independent broker-dealer by revenue, has added 29 advisors with $15.6 million in revenue from Invest parent National Planning Holdings since the LPL deal.

Last commodities hedge funds go off beaten track

As profiting from fuels, crops and metals becomes harder, funds look to broader trends

US RIAs struggle to manage private alternative investments, says survey

When asked whether clients questioned fees for managing a private internal fund, RIAs said that "double-dipping" was a chief concern.

Closet tracker funds face tougher regulatory scrutiny

Thirteen US managers to disclose how far their active funds deviate from benchmark

Aberdeen Greater China Fund, Inc. Announces Distribution

This distribution is comprised of $0.26008 per share of net realized short-term capital gains and $1.06573 per share of net realized long-term capital gains.

Alternative Investments