07/06/2023
2-year Treasury yield hits 16-year high after ADP jobs data shatters expectations
The ADP data is considered more unreliable than other jobs data
Alternative Investments
07/06/2023
AIG and Stone Point close deal on high-net-worth specialist MGA
Firm expects to start operating in Q3 2023
07/05/2023
US life insurer accepts Brookfield Re buyout
Brookfield Re said it expects to maintain AEL’s headquarters in Des Moines, Iowa
07/05/2023
Schroders partners with SEG to launch long-biased long-short strategy
Founded in 1990, SEG manages over $40 billion in assets across long-only and long-short equity strategies that invest in high-quality companies across geographies and market capitalisations.
07/05/2023
Why Alternative Strategies Represent A New Frontier In Investing
These assets are generally less liquid and more complex than traditional investments, but they offer the potential for higher returns and diversification benefits.
07/05/2023
The Encompass Group Launches Executive Leadership Academy with Immersive Cohort Experience
E3 is designed to grow, develop and transform executives’ lives professionally and personally, focusing on leadership and followership abilities
07/03/2023
New Halo Investing CEO Outlines Goals
Matt Radgowski steps in to lead the eight-year old firm that specializes in offering access to protective investments including structured notes, market-linked CDs, buffered ETFs and annuities.
07/03/2023
CACEIS and Royal Bank of Canada complete acquisition of RBC Investor Services' operations in Europe and Malaysia
This transaction, which has received all required regulatory and antitrust approvals, combines two strong asset servicing operations in Europe.
07/03/2023
BlackRock fires opening salvo in US buffered ETF price war
Its launch of two iShares funds significantly undercuts rivals as flows remain buoyant despite calmer markets
06/28/2023
Bonds look better placed than stocks
An inversion is considered a popular early warning signal of recession.
06/28/2023
Pallas Capital lands five wealth planners on AdvisorHub Top 100 list
Greg's expertise is helping high net worth clients strategically preserve and grow their wealth for multiple generations.
06/27/2023
Top retirement advisers to get bigger – or die out
Firms most focused on services for participants are expected to prevail
06/27/2023
RBC Global Asset Management Inc. announces changes to certain RBC Funds and PH&N Funds
In addition, RBC GAM Inc. has identified certain RBC Funds that are currently ineligible to be held in registered plans.
06/27/2023
Canada Life completes wealth offering trifecta with Value Partners acquisition
Financial services giant furthers commitment to independent advisors with latest deal for Winnipeg-based investment firm
06/26/2023
PacWest sells $3.5 billion loan portfolio to asset management firm Ares
Through sale of such loans, some regional banks in the United States are trying to shore up capital and build investor confidence after a recent banking crisis.
06/22/2023
Starlight Capital and Stone Asset Management announce change of manager and trustee of the Stone Funds
Copies of the amendments to the declaration of trusts of the New Starlight Funds reflecting the announced changes have been filed
06/21/2023
Patti Brennan Ranks #18 in Barron’s Top 100 Women Advisors in the Nation
Brennan and her team also produce The Patti Brennan Show, a podcast dedicated to helping improve the listener's net worth.
06/21/2023
Wellington Management Closes Fourth Late-Stage Private Fund, Exceeding $2.5 Billion Target
Hadley Harbor IV brings total capital raised to invest in late-stage private companies to over $6.6 billion since 2014
06/20/2023
New Investment Outsourcing Firm Ategenos Sells Minority Stake to Envestnet
Fresh off its SEC registration approval, Ategenos, launched by former Brinker Capital executives in May, has also gone live with its new discretionary investment management portfolios
06/20/2023
Bank Of America pledges $500 million to funds led by minority entrepreneurs
”Capital to under-resourced entrepreneurs has the effect of unlocking their potential to grow their businesses locally and to create economic opportunity.”.