Managers of Wealth Americas

Veterans of Closed Hedge Fund Start Anew

Mr. Saferstein said he expects to launch with a roughly five-person investment team, with several joining from ACQ

RBC Wealth seeking deals to boost alternative assets

Royal Bank of Canada's wealth management division, Canada's biggest player in the high net worth arena, is on the lookout for acquisitions to grow its presence in alternative assets, particularly real estate, and beef up U.S. distribution.

Ameriprise sweetens broker signing bonuses in effort to catch up on top recruiting

The offers are being made for hires to Ameriprise's advice and wealth management division, which consists of brokers in both the firm's independent and employee divisions, and serves clients with more than $1 million in investable assets.

SS&C GlobeOp Hedge Fund Performance Index up 1.04 per cent in May

The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2014 measured 1.04 per cent.

America's best cities for goat-owning hedge fund managers

If you are a hedge fund manager and you own goats, moving to Detroit might sound like a pretty good idea.

Morgan Stanley to Slash Jobs in Trading Biz

Morgan Stanley is set to retrench jobs from its fixed-income currency and interest rates trading businesses, per a Wall Street Journal report.

TrimTabs and BarclayHedge Report Hedge Funds Get $18.7 Billion in April

Industry assets climbed to a 5½-year high of $2.2 trillion in April

Mitsubishi Scouts Structured-Product Traders

On the hedge fund side, MC is scouting for structured-product managers with strong track records

EisnerAmper launches compliance consultancy for investment advisers

The CARS team develops highly tailored solutions to fit specific client needs

Blackstone’s Hill Emerges as Billionaire as Art Surges

James Tomilson Hill, the Blackstone Group LP vice chairman who runs the company’s $58 billion hedge-fund business, has emerged as a billionaire as the world’s largest private-equity firm and his art collection have surged in value.

Hedge funds fret over US student loan reform

The biggest worry for hedge funds is that lawmakers will revive talks to allow student loan debt

Qatari Diar behind new Conrad Washington DC hotel

The Hilton Worldwide-operated hotel is set to open in early 2018 and will part of the CityCenterDC in the US capital.

Blackstone-seeded hedge fund Sureview Capital has shut down early

Greenwich, Connecticut-based stock-focused hedge fund Sureview Capital LLC that is seeded by Blackstone Group has shut down early this year and has been liquidating its assets in the past weeks

Britain’s Man Group to Acquire Pine Grove Asset Management

Pine Grove, an employee-owned fund with offices in New York and Summit, N.J., has about $1 billion in assets under management. About two-thirds of its assets under management are from institutional investors, primarily based in America.

Icahn becomes largest shareholder in Family Dollar Stores

Hedge fund billionaire Carl Icahn became the largest shareholder in Family Dollar Stores Inc. after reporting a 9.39 percent stake in the company on Friday, and said he may seek representation on its board.

Fund Manager Sets Goats Grazing in Blighted Detroit

The goats, which will number as many as 60 this summer, have come from Mr. Spitznagel’s farmstead

Jeffrey Scharf, Everybody' Business: Who says you get what you pay for?

Surely sky-high fees produce sky-high returns

Activist hedge fund launches

Study finds surge in launches of activist hedge funds

BAML names new global credit chief

Bank of America Merrill Lynch has named a new head of global credit and special situations, based in New York, following the retirement of Merrill Lynch veteran Graham Goldsmith – the latest senior change at the top of a leading fixed-income busines

Are public pensions headed for another disaster?

States shift to stocks, hedge funds to close pension funding gap

Alternative Investments