Managers of Wealth Americas

Puerto Rico creditor group swells to $300 billion in assets

Investors who mainly hold debt backed by the commonwealth's government

Richey May Expands Alternative Investment/Hedge Fund Division

Financial services CPA firm continues to attract top talent as business grows in key markets

Banks Crack Open Their Doors to Pot Business Accounts

That’s fewer than 1 percent of all U.S. banks and credit unions, but it’s a sign that marijuana merchants may not be iced out of the financial system.

Where To Invest Your Business Assets – Hedge Funds vs Family Offices

But, is that move genuinely necessary?

US hedge fund bet against African Bank in 2013

African Bank has engaged in risky lending practices such as very large unsecured loans

State takes $300 million pension gamble on Casino owner

The investment deal is complex.

Ladenburg to Buy KMS Financial for $24 Million

Ladenburg Thalmann said it would acquire KMS Financial Services, a Seattle-based independent broker/dealer with about 325 advisors and $14 billion in assets, for $24 million in cash and stock.

A Crypto Currency Backed By Gold? How Retail Gold Investors Can Benefit From Bitcoin's Technology

The bitcoin system is widely acknowledged as the most successful attempt yet to create a digital currency operating outside of, and therefore bypassing the fees of, the traditional banking system.

UBS Said to Plan $4.5 Billion Offering of Bonds in U.S.

UBS AG, Switzerland’s largest bank, plans to issue $4.5 billion of bonds in the U.S., according to a person with knowledge of the matter.

Legg Mason Reports Assets Under Management and Flows For July 2014

Legg Mason has reported preliminary assets under management of $693 billion as of July 31, 2014.

BlackRock Launches Multi-Manager Alternative Strategies Fund

Provides individual investors with a way to diversify across alternative investment managers and strategies in a single portfolio solution

Carillion/ Balfour offers up 'David vs Goliaths' tussle for Oriel

That takeover followed a rocky period for the firm

Deutsche Asset & Wealth Management Renames Retail Product Suite in the Americas

This change will affect all open-end funds, closed-end funds, the Variable Insurance Portfolios (VIPs) currently named “DWS,” and the db X-trackers exchange-traded funds (ETFs).

US Mint Suspends JFK Gold Coin Sales at All Retail Locations

The United States Mint has made the decision to suspend sales of the 2014 50th Anniversary Kennedy Half Dollar Gold Proof Coins at all four retail locations where the coins had previously been available.

Antaeus Teams With Ex-NBA Star To Teach Financial Literacy

Antaeus Wealth Advisors will provide age-appropriate educational material and teaching tools.

Ivy Investment Management Finalizes Adoption of Selector Management Fund SICAV

Three other sub-funds will be launched in the near future: Ivy Global Investors Mid Cap Growth Fund, Ivy Global Investors Large Cap Growth Fund and Ivy Global Investors Science and Technology Fund.

How Hedge Funds Can Adapt As Wall Street Puts on the Squeeze

The new math means hedge funds essentially have to justify their use of banks’ balance sheets

Fortress Announces Successful Close of Transportation and Infrastructure Fund

Fortress Worldwide Transportation and Infrastructure Investors Reaches Cap of $995 million

Prudential profit beats estimates as asset management fees rise

Adjusted operating income at the insurer's asset management business rose about 16 percent to $200 million.

Waterfall Launches Offshore Funds

Waterfall Asset Management, the $2.9 billion New York-based credit hedge fund, has launched a pair of Caymans-based funds.

Alternative Investments