Managers of Wealth Americas

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.

U.S. Treasury finds hedge funds less risky

It added that these activities differ in important ways from commercial banking and insurance activities.

Bitcoin clones set to kill digital currency?

Citibank’s analyst believes that the market is likely to end up with a plethora of “bitcoin lookalikes with little to choose between them, so pricing becomes very difficult.

CFTC Is Poised to Expand Its Reach Overseas

The Commodity Futures Trading Commission is moving to force overseas financial firms to comply with certain U.S. rules

Here’s The First Ever Hedge Fund Ad, Complete With A Professional Surfer

The ad appears to be the first of its kind in the industry, which was recently allowed to market in such a way after this summer’s passage of the JOBS Act.

Investors add to hedge fund holdings in November

SS&C GlobeOp Hedge Fund Performance Index: November performance 1.47%; Capital Movement Index: December net flows advance 0.60%

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