Managers of Wealth Americas

Allianz Quarterly Profit Retreats Sharply as Natural Disasters Deliver a Big Bill

Europe’s biggest primary insurer by market value says first-half results put company on course for its full-year operating profit targets

Allianz Says No More Cost Cuts at Pimco as Outflows Seen Ebbing

Lower revenue from fewer assets, along with a bonus program introduced to retain talent, pushed costs up as a share of revenue.

Franklin Templeton, K2 Advisors Launch Global Macro Liquid Alternative Fund

Similar to most macro vehicles, the fund will invest in a wide variety of global macro opportunities across equity, interest rate, currency and commodity markets and strategies, according to a joint statement.

State Street Will Close 12 ETFs

Most of the funds to close are well below that asset mark, though not all.

BMO Global Asset Management Expands Distribution of Newly-Named BMO Stable Value Fund

The collective trust was available only to plan sponsors that had an existing relationship with BMO Harris Bank N.A.

Carlyle could make a pair of $2 billion acquisitions in Japan: executive

"There could be about two large deals in Japan from our current fund focusing on Japan," Takaomi Tomioka, a Carlyle managing director said on Tuesday.

HPM and Spero-Smith forming powerful pair

The deal is expected to close on or before Oct. 1.

Wirehouse vets launch independent RIA

Resnick, now president and co-founder of the firm, launched the independent RIA here in Beachwood in July along with an additional small office in Utah.

China's Fosun to 'acquire' Brazil investment firm

The Chinese government is encouraging companies to invest abroad to gain access to foreign markets and technology, as economic growth stalls at home.

Private equity is 'seeing more excitement than it can handle' in the marijuana industry

These private-equity firms invest specifically in companies operating in the legal-cannabis industry

Kumar Palghat Is Out as Bill Gross’s Co-Manager on Janus Fund

Gross to manage the Janus Global Unconstrained Bond Fund solo

Fortress To Shut Centaurus Unit, Continuing Hedge Fund Reduction

The Centaurus funds, which managed $182 million in assets as of June 30, use a so-called global event driven strategy, betting on corporate changes such as mergers and restructurings in Europe, Asia and Latin America.

Bill Gross Is Running His $1.5 Billion Mutual Fund by Himself — Again

Janus hasn’t ruled out an ETF using Gross’s strategy, according to spokeswoman Erin Passan.

Oppenheimer Holdings Inc. Reports Second Quarter 2016 Earnings and Announces Quarterly Dividend

Revenue from continuing operations for the second quarter of 2016 was $212.1 million compared with revenue from continuing operations of $228.0 million for the second quarter of 2015, a decrease of 7.0%.

MUFG Investor Services To Acquire '40-Act Administrator Rydex Fund Services

The acquisition will add $52 billion to MUFG Investor Services’ assets under administration, according to the statement

H.I.G. Capital completes sale of Amerijet

Amerijet operates a fleet of ten aircraft, offering scheduled and charter cargo services and transporting over 200 million pounds of freight annually.

Fiera Capital acquires Larch Lane Advisors' investment strategies

The division managed $17.7 billion as of June 30.

BlackRock Fills Wall Street Void in Headquarters Hunt

Asset manager has narrowed search for new headquarters down to three sites in Manhattan

Steven Cohen bets $250million on firm that uses algorithms

Mr. Cohen is also making an undisclosed investment in Quantopian itself.

Hedge fund assets drop below USD3tn as investors withdraw USD20.7bn in June

June redemptions were the largest June since eVestment began tracking monthly flows in 2009.

Alternative Investments