05/17/2023
Risk Strategies acquires Florida insurance agency
The terms of the deal were not disclosed.
Alternative Investments
05/17/2023
Asset management plunge calls for a business model rethink
Global assets under management dropped by 10% in 2022, according to BCG’s global asset management industry report.
05/17/2023
BNY Mellon Investment Management Launches the BNY Mellon Women's Opportunities ETF and BNY Mellon Innovators ETF
This addition to our growing suite of ETFs provides investors with access to Newton's deep experience in thematic investing
05/17/2023
Bill Ackman's Pershing Square reveals new Alphabet stake of 10.3 million shares
The Hilton position fell to 9.3 million shares from 10.0 million shares, while the Lowes position declined to 10.0 million shares from 10.4 million.
05/16/2023
CI Global Asset Management Announces Name Change and Launch of Mutual Fund Series for CI Auspice Broad Commodity Fund
The mutual fund units have been introduced with the adoption of dual-class structure for CI Auspice Broad Commodity ETF (the "ETF"), which was launched in September 2022.
05/16/2023
Canada Life sells IP arm to Countywide Assured after market exit
The insurer is expected to complete the transfer in 2024.
05/15/2023
The $10 Trillion Giant: Here's How BlackRock Became The Biggest Company In The World
BlackRock has paved its way to become the world’s largest asset manager.
05/15/2023
Real Estate Private Investment Alts Navigate Choppy Waters
IPA’s Anya Coverman talks redemption requests, regulatory pressures and growth outlook for non-traded REITs, BDCs, interval funds and other vehicles.
05/15/2023
The strengths and weaknesses of veteran funds
What investors should be aware of before buying an older fund.
05/12/2023
Stratos Expands Services For Wealthy With BWM Stake
Stratos Wealth Holdings oversees $22.8 billion in brokerage and advisory assets.
05/12/2023
Another downgrade of America’s credit rating might be coming
“Congress is playing chicken with the debt ceiling,” bank analyst R. Christopher Whalen of Whalen Global Advisors wrote in a May 10 analysis
05/12/2023
Bain invests in automation expert Ashling Partners
Through the partnership, Bain and Ashling will help clients develop and scale automation programs – combining Bain’s strategic and operational expertise in automation with Ashling’s technical expertise and managed services.
05/11/2023
InvestmentNews honors Stifel CEO Alex David at sixth annual DEI Summit
Six firms and 15 individuals were recognized for their contributions at the event in New York City Wednesday.
05/10/2023
Tishman Speyer and Raffles Family Office Announce Blue Chip Collaboration to Launch APAC Real Estate Fund
This synergistic collaboration between a leading global real estate investor and a leading Asian MFO will grant private wealth investors unparalleled access into tailored, institutional grade real estate investments.
05/10/2023
State Street Announces Global Custody Mandate with Bladex
Appointment builds on State Street’s ongoing expansion of regional capabilities in Latin America
05/09/2023
Asset Lift Wealth Management Launches New Retirement Planning Services for Conservative Investors
Asset Lift has invested heavily in technology to level the playing field and make sophisticated asset management available to the masses.
05/09/2023
Mercer to own BT’s $1.9bn portfolio management service
“The addition of PPM allows us to service the entire investor market — from our Mercer Super Trust members through to private clients and family offices — and support even more investors in achieving their wealth objectives”.
05/08/2023
Starlight Investments' $1-billion plan for UK rental home assets
Toronto-based asset manager has launched a new European residential asset management platform with institutional partners
05/08/2023
State Street Launches Global Carbon Asset Servicing Solution
New solution brings carbon asset fund administration and depositary services to asset managers, asset owners and other financial institutions to facilitate the integration of carbon-related assets into portfolios
05/05/2023
Sprott Capital Partners Completes Management-Led Buyout and Rebrands as SCP Resource Finance
Peter Grosskopf to lead SCP team with high conviction on precious and energy transition metals