Managers of Wealth Americas

Billionaire hedge fund manager David Tepper to return up to $4bn to investors

The amount represents between 10 and 20% of his $20bn hedge fund Appaloosa Management.

News Corp Invests $30 Million in Indian Property Website PropTiger.com

As part of the investment deal, Raju Narisetti, senior vice president of Strategy at News Corp will join Elara's Singapore-based board.

Traditional alts hubs squeezing out smaller players, survey finds

Speaking at the Association for the Luxembourg Fund Industry (ALFI) conference in Luxembourg, Stefan Jaecklin, head of the wealth & asset management practice in EMEA, presented the core findings from the three year study

Barclays Clarifies Treatment of Corporate Actions Affecting Constituents of the Atlantic Trust Select MLP Index

Atlantic Trust Select MLP Index used as underlying index in the Barclays ETN+ Select MLP ETNs (ticker: ATMP)

British Insurer Aviva to Shutter U.S. Hedge-Fund Arm

Closing of Fund-of-Funds Prompted by Redemption Request From Major Client

SPY Serves Hedge Funds, Grandma and Jack Lew to Reach $200 Billion

A surging U.S. stock market and recent inflows have made SPY the second-largest fund in the world, at $200 billion.

Carlyle Said to Seek $5 Billion for Fund With Longer Life

Carlyle Group LP is gathering as much as $5 billion for a fund that can hold stakes in companies for as long as 20 years, joining private equity firms such as Blackstone Group LP and CVC Capital Partners Ltd. in seeking more permanent capital from investo

EPIC expands with the acquisition of Greyling Insurance Brokerage & Risk Consulting

EPIC Insurance Brokers and Consultants, a retail property & casualty insurance brokerage and employee benefits consultant, announced today it has acquired Greyling Insurance Brokerage & Risk Consulting, Inc., a specialty insurance broker and risk

Visa Awards CEO Scharf $12.5 Million in Compensation for 2014

The total for the year ended Sept. 30 includes a $2.5 million bonus, a total of $9 million in stock options, performance shares and restricted-stock units.

China's ICBC to set up offshore yuan centre in Los Angeles

The move to create an offshore RMB centre in the largest state in the United States would lay the foundations for greater yuan trade with China, ICBC said in a statement.

Blackstone to Buy General Electric’s Japan Property Portfolio

U.S. Firm Agrees to Pay Around $1.6 Billion for 200 Residential Properties

Blackstone backed Asia fund returns 15 per cent YTD Indian equities boost Asian funds

Senrigan Capital Group Ltd, the Asia event-driven hedge fund backed by Blackstone Group LP, returned 15 per cent in the first 10 months of this year

Tiger Global’s shells target firms in EU

Rob Terry, the chairman of Quindell, stepped down this week with two other directors

61-year Wall St vet dies after second career outside the industry

He was 84.

Global X Funds Introduces China Onshore Bond ETF

The fund focuses its exposure on the high end of China's credit quality spectrum

Hedge Fund Stars Revealed Their Newest Investments in SEC Filings

It may be too late to follow his lead on airline stocks, since they are no longer out of favor or beaten down, but Appaloosa's latest SEC filings show he recently loaded up some new picks.

Triad Advisers adds 2-broker independent firm

Triad Advisors, an independent broker-dealer, said it added a two-person advisory firm with about $130 million assets under management to its network.

Stonegate Global Nominated for Multiple International Hedge Fund Awards

The International Hedge Fund Awards are designed to highlight business excellence, integrity and leadership in today's market

Madoff Trustee Reaches Recovery Agreement of Nearly $500 Million with Herald and Primeo Feeder Funds

Under the terms of the agreement, the settlement will benefit the BLMIS Customer Fund by approximately $497 million. The agreement, once approved, will increase total Customer Fund recoveries to more than $10.3 billion.

Fund Manager Litt Targets Associated Estates for Management Shakeup

Mr. Litt also identified a slate of seven directors he plans to nominate at the company’s 2015 annual meeting.

Alternative Investments