Managers of Wealth Americas

How a 'complete science nerd' broke into Wall Street — and then landed a job in private equity

This summer, he is set to join the medical-device investment team at healthcare venture growth firm Longitude Capital.

Hedge fund sues AbbVie for scuttling $55B Shire buyout

The AbbVie-Shire merger wasn’t the only big pharma deal to be abandoned for tax-inversion reasons.

Third Point Reinsurance Notes Largest Profit in Years

All told, the reinsurance company, which receives backing from Loeb's hedge fund.

Raymond James to Partner with WealthSource

WealthSource had $568 million in client assets at various custodians.

Gibraltar Capital Management adds Bank of America Corp to its portfolio

Bank of America Corp makes up approx 0.29% of Adams Asset Advisors’s portfolio.

StepStone Infrastructure and Real Assets Group Completes Integration

StepStone also announces the addition of two new senior executives to the SIRA team.

Opalesque Roundup: Hedge funds and alternatives more attractive for Asian institutional investors: hedge fund news, week 31

South Korea’s alternative investments had exceeded $233bn last year, and short selling is resurging in South Korea despite rules on disclosure.

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.

Alternative Investments