Managers of Wealth Americas

BlackRock to close poor performing $1bn macro hedge fund

The Fortress fund, managed by Mike Novogratz, had been one of the worst performing large hedge funds in the world this year.

Sankaty Advisors to Acquire Four CLOs with $1.6 Billion of Assets from Regiment Capital Advisors

The firm has managed 27 CLOs since inception. Sankaty currently has 12 CLOs in the U.S. and Europe under their management.

Critics pounce on hedge funds managed by Florida lawmaker

Grayson was reelected to Congress three years ago, is seen as uncommon for a sitting lawmaker

Suriname's top diplomat promotes economic diplomacy in Saudi Arabia

This has given our political and diplomatic solidarity, as well as our economic and trade engagement, a redefined purpose at various levels

Funds mull best way to get emerging markets exposure

Sources said pension fund allocations to emerging markets remain low relative to the percentage of world GDP these countries represent, and some institutional investors still have no exposure.

Canadian pension fund arm Ivanhoe Cambridge doubling investment in China

That is part of its strategy to double the weighting of growth markets, including Asia-Pacific and Latin America, in its global portfolio.

Argentina Opens for Business at Last

Nine days before a closely-watched presidential election in Argentina, it would be hard to overstate the level of expectation in the business world.

Cerberus Acquires GBP 13 Billion Portfolio of Assets from UK Asset Resolution Limited (UKAR)

Portfolio Consists of Part of the Legacy Book of NRAM, the Former Northern Rock Mortgage Business

Mercer Advisors Expands Footprint, Acquires Spruce Hill Capital

The purchase allows Mercer Advisors to broaden its East Coast presence and accessibility to both current and future clients.

BNY Mellon's Pershing Prime Services Unit Named Best Prime Broker--Innovation by HFM US Services Award for Second Consecutive Year

The group now has approximately $140 billion in FoHF assets under custody and administration

Deutsche AWM Acquires Dallas Industrial Portfolio

DeDeutsche AWM's Alternatives and Real Assets acquired the 990,000-square-foot Dallas Industrial portfolio.

Carlyle buys controlling stake in Tempo Participações

The acquisition took place through a Voluntary Tender Offer

BB&T expands brand into new Mid-Atlantic markets

To ensure a smooth transition, associates have trained for months to prepare for this day

Impact Investing Cleared for Take-off

Improving Data and New Labor Department Guidance Address Two Big Hurdles for Investments Tied to Social and Environmental Issues; Merrill Lynch Wealth Institute Whitepaper and Investor Survey Examine the Evolution of Impact Investing

National Bank Investments launches two funds in alliance with Rothschild Asset Management Inc.

The strategy aims to equalize risk contribution of index constituents and to maximize risk diversification.

The M&A Uptick Is a Symptom of Growth, Not a Driver

For the year through September, the M&A specialist estimated 87% of such activity involved firms experienced in making such deals.

Top fund firms stay conservative in support for activists-report

That was a low count considering that dissident efforts - often led by activist hedge funds - won 126 of the seats

Diamond’s Atlas in talks to buy Italian asset mgr

Selling Arca would allow the four banks to strengthen their balance sheets after they all failed last year's stress tests by the European Central Bank.

Marco sold to private equity firm

Marco had been employee-owned since 1989.

Private Equity Behemoth Sverica Capital Management Buys Synoptek, One of The Nation's Largest MSPs

Sverica bought out the majority of Synoptek's current owners

Alternative Investments