02/16/2024
LPL to acquire Atria Wealth Solutions for $805M plus earn-outs
LPL is planning for expenses between $1.105 billion and $1.385 billion and additional earnings of $140 million per year from the deal.
Alternative Investments
02/16/2024
AIG net income drops
The General Insurance combined ratio improved 130 basis points from the prior year to 90.6 per cent.
02/16/2024
Hedge fund Jain Global has now amassed 80 employees
Hiring in Europe is being manged by Cameron McKendrick
02/15/2024
Lazard Reports January 2024 Assets Under Management
The month’s AUM included foreign exchange depreciation of $2.3 billion
02/15/2024
Picton Mahoney Asset Management Announces Monthly Distribution for Picton Mahoney Fortified Income Alternative Fund Exchange Traded Fund Units
Unitholders of record of the ETF Units, at the close of business on February 22, 2024, will receive a per-unit cash distribution payable on February 29, 2024.
02/14/2024
Carlyle, KKR Raise the Stakes for Rainmakers to Deliver Returns
The firms will transfer a piece of employees’ fee income from managing assets to shareholders who prize predictable profits.
02/14/2024
Vantage Group starts offering US primary casualty insurance
Denise Watkins, head of casualty, said: "We're committing further to our speed of response with this new offering, enabled through Vantage's industry-leading underwriting platform and data-empowered decision making.
02/13/2024
2024: A Pivotal Juncture for US Managers
Jersey Finance sees several trends continuing evolving over the next 12 months.
02/12/2024
Institutional investors may adopt severe steps after Columbia Banking System, Inc.'s latest 3.4% drop adds to a year losses
Often called “market movers", institutions wield significant power in influencing the price dynamics of any stock.
02/10/2024
Morgan Stanley Heats Up Race to Mimic Vanguard’s Tax-Busting Funds
The firm is the latest to seek to replicate a fund structure employed solely by Vanguard Group that gave the Jack Bogle-founded juggernaut a tax-minimizing edge over the industry for two decades.
02/09/2024
Now Is the Time to Rethink Portfolios
For individual investors, adding private investments to portfolios can be a game-changer.
02/09/2024
Partners Capital Investment Group Announces Minority Investment from General Atlantic
For over 20 years, the Partners Capital team has developed state of the art portfolio construction based on proprietary intellectual property and established a deep set of asset manager partnerships.
02/08/2024
‘Greatest real estate crisis since the financial crisis’: German bank alerts the market on exposure to commercial real estate
Lenders are taking increasing provisions on debt extended to property owners and developers as loans begin to sour after rising interest rates eroded the value of buildings around the world.
02/08/2024
State Street Expands Fund Connect ETF APIs to Provide Global Coverage
Fund Connect ETF is a global online portal that facilitates the creation and redemption of ETFs
02/07/2024
EP Wealth Advisors Strengthens Presence in Utah with Acquisition of Parker Advisory Group, LLC
Interested in expanding meaningful relationships, the deal adds experienced and trusted advisor Chad Parker to the firm as senior vice president
02/06/2024
Global Outlook 2024: Leading views on the year’s key hedge fund trends
At the same time, default rates have started to increase and bond exchanges – which is another term for restructuring, but which does not formally count as a default –increased sharply in 2023.
02/05/2024
ADGM Experiences Unprecedented Demand from Asset Managers During US Roadshow
ADGM participated in discussions with 40 hedge funds, private equity fund, and venture capital firms
02/05/2024
Great wealth transfer is underway in US — to women
Unprecedented $30 trillion expected to shift into hands of women by end of decade
02/03/2024
Carson Wealth Expands East: $180M Firm Paves the Way for Growth in New Hampshire and Vermont
These will be the first Carson Wealth locations in both states, showcasing the firm's commitment to extending its reach and impact.
02/02/2024
Why clients should stick with US stocks
Such strong performance has pushed US equity valuations into their top historical decile, meaning US stocks have been cheaper at least 90% of the time.