09/15/2023
CAIS Expands Strategies of Leading Alternative Asset Managers Amid Accelerated Demand from Independent Advisors
Managers will participate in the second annual CAIS Alternative Investment Summit on October 16-18 in Los Angeles
Alternative Investments
09/15/2023
Scotia Global Asset Management announces sub-advisor change
There will be no change to the investment objectives of the Fund resulting from this change.
09/15/2023
US mutual P&C insurers record $31bn of underwriting loss
“Many insurers made adjustments to inflation guard factors, but the rapid onset of these trends made it difficult for rated mutuals to avoid the effects.”
09/15/2023
Apex Group continues North America expansion with new Montreal office
This growth is driven by increased demand from both new and existing clients for Apex Group
09/15/2023
Activist investor Politan Capital increases ownership in Azenta
Politan said it believed Azenta's stock, which closed at $50.77 on Thursday, was undervalued
09/15/2023
Biggest hedge funds have doubled footprint in US stocks since 2014, Goldman Sachs says
The U.S. stock market was worth about $46 trillion as of the end of July, according to the Securities Industry and Financial Markets Association.
09/14/2023
Franklin Templeton Announces Alternative Investment Initiatives
New digital experience and “Alternative Allocations” podcast target financial advisors
09/14/2023
Global Payments Revenue Pool to Reach $2.2 Trillion by 2027, with Growth Likely to Slow
New Report from BCG Says Companies Across the Payments Industry Are Facing a Host of Disruptions that Require Decisive Action to Avoid Falling Behind
09/14/2023
CFA Institute Launches New Private Markets and Alternative Investments Certificate
The Certificate is a five-course, self-paced online program with a foundational curriculum that is enhanced with additional practitioner insights and perspectives.
09/13/2023
Canadian asset manager announces international expansion
The growing wealth in other regions creates new opportunity to boost reach
09/12/2023
Societe Generale and Brookfield partner to launch a EUR 10 billion private debt fund
The seed fund will focus on two strategies
09/12/2023
Cetera to Aquire Avantax in $1.2 Billion Cash Deal
Cetera will use the acquisition to expand its wealth management offerings
09/12/2023
Stephanie Braming Named a P&I Influential Woman in Institutional Investing
The list, which is part of P&I’s Influential Women in Institutional Investing program, honors and celebrates women across the industry who have an outsize impact and are driving positive change.
09/12/2023
Michael Durbin wastes no time building $1.2-billion bridge back to Fidelity from Cetera by taking private IBD to get past Pershing exclusivity and expand 'addressable market'
Cetera currently lists its AUM at just $121 billion.
09/11/2023
First Trust Capital Management L.P. Acquires Position in Focus Financial Partners Inc.
This acquisition represented 0.36% ownership of Focus Financial Partners as of their most recent SEC filing.
09/11/2023
How life insurance gives incorporated clients a tax-efficient edge
Advisor walks through benefits, caveats of whole life insurance as a planning tool in corporations
09/08/2023
Prudential Financial, Inc. and Warburg Pincus announce launch of Prismic Life Re
$10 billion initial reinsurance transaction and $1 billion equity capital investment establishes new reinsurance platform positioned for scale and long-term growth on behalf of customers
09/08/2023
Goldman’s OCIO Scores a Massive Pension Mandate — And Another Liftout
BAE Systems’ $28.8 billion was the largest ever OCIO mandate in the U.K. Goldman Sachs is getting its investment team, too.
09/08/2023
ETF inflows were $137B in Q2, but what’s next for the industry?
Vanguard says investors are returning to risk assets.
09/08/2023
LPL welcomes $205M team to its employee advisor channel
A new firm is born in Houston with Linsco by LPL Financial.