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Alternative Investments

03/15/2023

Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans

One of the people said it is unclear how the Federal Deposit Insurance Corporation plans to proceed since the regulator may prefer a single buyer for the assets.

03/15/2023

AM Best affirms ratings of WISI

In addition, the ratings take into account the support provided by WISI’s parent, Elevance Health.

03/14/2023

Hedge fund manager Bill Ackman warns of economic meltdown after Silicon Valley Bank collapse

“The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy.”

03/14/2023

Apella Expands West Coast Presence with Addition of Clarity Wealth Management

Irvine, California-based wealth management firm brings $130 million in AUM

03/14/2023

Fiera Capital Expands US Footprint Through New Strategic Distribution Partnership With New York Life Investments

The agreement contains certain exclusivity rights in the United States retail intermediary channel for various investment strategies managed by FCI, Fiera Comox and the Fiera UK Atlas Global Companies team.

03/14/2023

Noah Holdings Comments on Certain Recent Developments Involving Silicon Valley Bank

In addition, Noah, under its asset management business, serves as the general partner or fund manager for certain investment funds with accounts at the SVB, and has taken necessary measures to protect against or minimize the potential impact of the SVB&am

03/10/2023

AM Best Assigns Issue Credit Rating to Ameriprise Financial, Inc.’s New Senior Unsecured Notes

The proceeds from this debt issuance are expected to be used for general corporate purposes

03/09/2023

Fresh clouds for Darktrace as New York hedge fund claims concerns borne out

Darktrace has denied the reports and commissioned auditors EY to investigate the claims.

03/09/2023

Silvergate Capital Corporation Announces Intent to Wind Down Operations and Voluntarily Liquidate Silvergate Bank

Company Considering How to Best Preserve Residual Value of its Assets

03/09/2023

Prime Meridian Wins the #1 and #2 Spots in the BarclayHedge Fixed Income - High Yield Hedge Fund Category for 2022

Prime Meridian Capital Management has consistently delivered strong risk adjusted returns to investors.

03/08/2023

Echelon Wealth Partners Inc. and PI Financial Corp. Announce Merger

With over $12 billion of client assets, the combined firm is set to continue to grow its investment advisory and wealth management businesses.

03/08/2023

Wooster Square Advisors Team Joins Cetera Advisor Networks

$250 million practice joins from Park Avenue Securities

03/08/2023

Stratos Wealth Partners expands stake in First Wealth Financial Group

Stratos has been a non-ownership partner in the firm for the past eight years, providing support and guidance as its client base grew and operations expanded to six advisers in four locations.

03/08/2023

Marquee Capital to Launch Second Real Estate Fund

$100M Fund Will Focus on Retail, Seniors Housing & Opportunistic Real Estate Investments

03/08/2023

Heffernan Insurance Brokers Named a Finalist in the Tenth Annual Family Wealth Report Awards 2023

These awards are judged by an expert panel of more than 40 judges and finalists are selected on the basis of entrants' submissions

03/08/2023

Vanguard ETF's patent expiration may cause a spike in clones

All eyes on first application to also adopt the ETF-as-share-class structure

03/07/2023

Creative Planning Acquires Telarray Advisors

The Memphis Based Wealth Management Firm Manages $1 Billion in AUM

03/06/2023

Bridgewater raises new fund strategy less dependent on equities

Two fund vehicles under that strategy's name had raised $836.4 million from investors since their launches in July

03/06/2023

SoftBank's Arm Aims to Raise at Least $8 Billion in U.S. IPO, Sources Say

The listing is expected to happen later this year and the exact timing will be determined by market conditions, the sources added.

03/02/2023

WesBanco Again Named One of America's Best Banks by Forbes

WesBanco prides itself on delivering large bank capabilities with a community bank feel

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