Managers of Wealth Americas

China's CITIC backs new fund set up by ex-FX Concepts execs

It is not clear what type of fund Savage and DiRusso would manage

Citi's Ex-Hedge Fund Chief Loses $1 Million in Deep-Sea Treasure Hunt

The deal started with a treasure map, supposedly bought from a drifter at a saloon in Key West for $500.

Morningstar Names the Morgan Stanley Investment Management Growth Team as US Domestic-Stock Fund Manager of the Year

Morningstar today named Dennis Lynch and the Morgan Stanley Investment Management Growth Team as the 2013 U.S. Domestic-Stock Fund Manager of the Year.

BlackRock Profit Increases 22% as Assets Rise on Market

The shares gained 44 percent in the past 12 months through yesterday, including reinvested dividends, compared with the 39 percent increase in the 20-member Standard & Poor’s index of asset managers and custody banks.

Double Digit Increases Revealed by 2014 Hedge Fund Compensation Report

The 2014 Hedge Fund Compensation Report revealed that hedge fund players received increases in both base salary and year-end bonuses.

Hedge fund side pocket secondary market volumes top $1.6bn in 2013

The average size of these transactions in 2013 was $28m, and that deal size is also expected to continue.

TriState Capital to Buy Chartwell Investment Partners

TriState Capital Holdings, Inc. entered into a definitive asset- purchase agreement to acquire Chartwell Investment Partners, L.P., an investment management firm with over 150 institutional clients and approximately $7.5 billion in assets under management

RBC Global Asset Management (U.S.) Inc. expands fixed income offerings for U.S. investors

The firm manages $37.9 billion in fixed income assets for U.S. investors, as of September 30, 2013.

Apollo raises largest PE fund since financial crisis

Apollo Global Management LLC said on Thursday it had completed fundraising for its latest flagship global private equity fund, amassing $17.5 billion from investors, the most any such fund has raised since the financial crisis.

L&G Investment Management looks to increase U.S. institutional business

Legal & General Investment Management America, the U.S. affiliate of LGIM, has seen its U.S. assets under management increase to $35.2 billion as of Nov. 30, from around $6.4 billion at the end of 2007, the unit's first full year of operation.

Jack Cunningham, J&W Seligman CIO Until Acquisition, Dies at 49

He died at home on Dec. 20 after battling a brain tumor for six years, according to his wife, Holland Burford Cunningham.

Mint to continue selling inventories of 2013 gold bullion coins

The United States Mint will fill orders for certain gold bullion coins exclusively with 2014 issues for only two weeks before filling purchases with a mixture of 2013 and 2014 coins.

Financial advisers admit: We need ‘alternative’ advisers

Folks looking to properly balance their portfolios should include alternative investments — but aren’t offered them by financial advisers, more than half of whom say such alternatives are too difficult to understand.

Fortress Investment Group to Launch Bitcoin Fund

Institutional interest in bitcoin has been heating up

BMO Global Asset Management Launches Nine New Funds to Better Address the Needs of Investors

CHICAGO, IL--(Marketwired - Jan 2, 2014) - BMO Global Asset Management today launched nine new funds to better meet the evolving needs of investors. The addition of these funds further expands and diversifies the BMO Fund's robust roster, which now s

Grosvenor Capital Management Completes Acquisition of Customized Fund Investment Group from Credit Suisse

The combined business, with more than $44 billion in assets under management and over 375 professionals, will be one of the largest of its kind in the world.

Gottex readies fund to let Main Street invest like Wall Street

"This will allow investors to get access to a wide range of markets, trading strategies and alternative investments in a controlled environment," William Landes, senior managing director at Gottex and the fund's chief investment officer sai

Mutual Fund Assets Reach New High in November

Building and sustaining income-producing products is where firms -- especially legacy fixed-income managers -- face some of their greatest hurdles in 2014 and beyond.

Bloomberg anchor displays bitcoin on TV, immediately gets robbed by viewer

Despite the lighthearted nature of this situation, theft has become a nagging problem in the world of bitcoin. Earlier this year, it was reported that someone stole up to $100 million in the digital currency from “Sheep Marketplace,” an illega

BlackRock Said to Seek $3 Billion for New Credit Hedge Fund

The firm began marketing BlackRock Credit Alpha Fund in October, with an initial target of $500 million and the potential to increase it, said one of the people, who asked not to be identified because the process isn’t completed.

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