Managers of Wealth Americas

Hedge funds outperform equities in October

The HFRI fund weighted index declined by 0.61% but still outperformed both US and global equities by 120 and 140 basis points, respectively, for October

L&G forms trans-Atlantic insurance division

Legal & General Insurance will offer life insurance, critical illness cover and income protection across the UK and US.

Why Lazard Is An Impressive Stock To Buy Right Now

Lazard’s investment strategies in both equities and fixed income segment across global, local and emerging markets have resulted in improving its AUM

Blue Nile Enters Into Definitive Agreement to be Acquired by Bain Capital Private Equity and Bow Street LLC for Approximately $500 Million

The terms of the all-cash deal provide substantial value to Blue Nile’s stockholders.

NorthStar Asset Management Q3 Profit Declines

Revenue for the quarter was $95.502 million, down from $108.115 million in the previous year.

ETFs attract more than $3.2tn to pass hedge funds

Lower fees and tax gains see growth of market as pricier hedge sector loses allure

Advisory firms redesign their offices to attract millennial clients

Office redos like SignatureFD's are the latest way financial advisory firms are adjusting their businesses

Prudent Group: Most Innovative Hedge Fund Manager U.S. and Europe and Best in Funds 2016 award

Prudent Group has recently been approved to distribute our fund products locally in Germany and Sweden to well-informed investors.

Crested Butte and 13 other ski areas sold to New York hedge-fund manager

$830 million transaction would be ski resort industry’s largest

Silvercrest Asset Management Group Inc. Reports Q3 2016 Results

Strong investment performance during the third quarter contributed additional growth of $456 million in discretionary assets.

CI Financial announces partnership with Aussie fund manager

The current GSFM executives will keep a 20% stake in the company under the agreement.

BlackRock Said to Explore Sale of Second Singapore Tower

The development could fetch about S$2 billion ($1.4 billion), the people said.

Avendus aims to manage $2 billion assets by fiscal end

Avendus Capital’s growth in the wealth management business has been aided by the exit of foreign banks such as Morgan Stanley and BofA-ML from the sector

Equity long/short hit by hedge rally's summer pause

Hedge funds were slightly positive in August: +0.14% as measured by the Lyxor Hedge Fund Index.

Private Equity: Why Smaller is Better (APO, CG)

Private equity firms until recently were famous for their outsized deals

Hedge Fund Clients Dump Humans for Computers and Still Lose

That signals the losses were replaced by fresh capital.

Battle lines taking shape: Cambridge and Cetera to keep commissions in retirement accounts

The wirehouse announced its decision last month.

Merrill Stops Mutual Fund Sales in Commission IRAs

The firm is phasing commission-based retirement accounts out altogether in April.

WealthPLAN Partners, Nation’s Fastest Growing RIA, Announces New Broker-Dealer, Custodian Relationships

Hybrid RIA with 28 Advisors and $2.2 Billion AUM Selects Securities America

State Street Global Advisors Survey Finds Increased ETF Use by Advisers

ETFs have a long way to go before they overtake mutual funds in the DC space

Alternative Investments