Managers of Wealth Americas

What does $200 million buy in Los Angeles these days?

Hugh Hefner's Playboy Mansion lists for $200 million

JP Morgan Asset Management Launches New Multi-Manager UCITS Fund

JP Morgan Asset Management has launched a new multi-manager UCITS fund.

Invesco acquires robo-adviser Jemstep

The deal will bolster automated advice, investment management services

Canadian pensions facing down fierce competition to pursue global growth strategy

The competition was fierce, with about 70 potential suitors in the running to buy in despite the recent volatility in China’s capital markets.

Societe Generale announces the new SG CTA Mutual Fund Index

Societe Generale Prime Services has announced the creation of the new SG CTA Mutual Fund Index, a performance benchmark for 1940 Act U.S. registered mutual funds that pursue managed futures strategies.

The Latest Major e-Discovery Acquisition

The Washington Post described the acquisition as “a bet of roughly $150 million”

Green Gorilla, Inc. Secures $2.5 M in Start-Up Capital

Co-founders Steven Saxton and Philip Asquith are pleased to announce that they have secured $2.5 Million of start-up capital for Green Gorilla, Inc.

Catterton, LVMH Join Forces For New PE Firm

Under the terms of this agreement, L Catterton will be 60% owned by the partners of L Catterton and 40% jointly owned by LVMH and Groupe Arnault.

Brokerages Brace for a Wave of Departures

Firms take steps to keep clients as retention deals for advisers start to expire

Prophet Capital Asset Management Adopts Broadridge’s Trading, Portfolio Management and Operating Solution

A number of high-growth hedge funds have recently adopted the platform, underscoring the strength of Broadridge’s solution to manage complexity for large funds.

Former George Soros executive raises $4.5bn for new fund

Chris Rokos, a former star trader at Brevan Howard Asset Management, raised more than $1 billion for his London-based firm that opened in October.

GoldMoney Inc. Subsidiary BitGold Announces Online Banking Connectivity in 23 Additional Countries

Instant Deposits or Redemptions with Financial Institutions across EU/EEA

BOK Financial Expands; to Buy Weaver Wealth Management

The Milestone Group is engaged in offering investment management and strategic financial planning services to ultra-high net worth clients and currently has $1.8 billion in assets under management.

Sierra Strategic Income Fund Reclassified by Morningstar

Fund Moves to "Nontraditional Bond" category

10 Key Hedge Fund Industry Predictions for 2016

Agecroft Partners outlines its ten predictions and biggest trends across the hedge fund industry for 2016.

JP Morgan expands smart beta suite with launch of European equity ETF

The fund also aims to reduce volatility compared to traditional market cap-weighted approaches by employing a top-down risk allocation framework

E Fund Launched E Fund China A Enhanced Equity Fund in US Market

As part of our global expansion strategy, E Fund opened US office in August 2015.

Financial Armageddon Approaches: U.S. Banks Have $247 Trillion of Exposure to Derivatives

Globally, the notional value of all outstanding derivatives contracts is a staggering $552.9 trillion according to the Bank for International Settlements.

Bill Ackman's hedge fund just sold 5 million shares in Valeant

Shares in Valeant have dropped 61% since last year's high of $260 reached in early August, and closed the year down 22% at $101.67.

Penn Mutual Asset Management Launches Global Unconstrained Bond Fund

Leveraging its fixed income investment expertise, PMAM enters private global market with a diversified bond fund

Alternative Investments