Daily News Analysis
5 June 2013
The Financial Industry Regulatory Authority will shortly be releasing a warning on the risks of alternative securities, according to Reuters, which is hosting its annual Global Wealth Management Summit. The industry-funded watchdog has seen a shift toward alternative products in recent years but believes not all advisors and investors understand the risks associated with potentially higher yields, Richard Ketchum, FINRA’s chief, told attendees at the summit . Low interest rates and worries about the stock market are factors behind the move into alternatives, said Ketchum, chairman and chief executive of the regulator.
17 May 2013
Goldman Sachs Asset Management is launching a multi-manager fund offering access to a range of alternative strategies within a mutual fund. The Goldman Sachs Multi-Manager Alternatives Fund will invest in long-short equity, dynamic equity, event-driven and credit, relative value, tactical-trading, and opportunistic fixed income strategies . Co-managing the fund are Jason Gottlieb and Ryan Roderick, who sit within GSAM’s alternative investments and manager selection group, which manages around $120 billion of client assets.
14 May 2013
Morgan Stanley Alternative Investment Partners has launched the AIP Dynamic Alternative Strategies Fund, an open-ended mutual fund which the firm said addresses challenges associated with investing in alternatives. The fund provides daily liquidity and offers a range of alternative strategies that may complement traditional equity and fixed income investments, Morgan Stanley said . The fund uses AIP’s proprietary hedge fund replication strategy that seeks to generate returns based on underlying hedge fund strategies.
13 May 2013
Los Angeles, CA-based Ares Management, the global alternative asset manager and SEC-registered investment advisor, is acquiring AREA Property Partners, a New York-based real estate management firm investing across North America, Europe and India. The transaction includes the acquisition of the minority stake in AREA held by National Australia Bank . Terms of the transaction were not disclosed a.
28 March 2013
Natixis Global Asset Management has launched the Aurora Horizons Fund - a multi-strategy mutual fund allocated across multiple hedge fund managers. The firm said the fund may help investors achieve additional risk diversification within a traditional long-only portfolio of stocks and bonds by providing diversified exposure to alternative strategies . The fund is managed by Chicago, IL-headquartered Aurora Investment Management and allocates across sub-advisors that use alternative strategies including long/short equity, long/short credit, event-driv.
4 March 2013
A rising number of young individuals are “taking the reins” on their families’ philanthropic efforts, says Rebecca Eastmond, head of philanthropic services for EMEA at JP Morgan Private Bank.
13 February 2013
In the first of a two-part feature, this publication explores how small and large wealth managers alike are making use of social media channels in advertising and marketing.
30 January 2013
As scores of industry players attempt to capitalize on the multi-family office market, one firm which has grown from zero to $13 billion assets under administration in two years recently told Family Wealth Report that it is looking beyond investment services.
6 December 2012
Setting up a wealth advisory arm within a CPA firm can provide promising opportunities for both parties, but is not without its challenges, says Jack Thurman, president of BKD Wealth Advisors.
8 November 2012
The majority of foundations may behave very differently than previously thought due to a heavy bias toward large foundations in study samples, a new report from Foundation Source reveals.
News and Features
Comment and Analysis
The rising level of financial sector regulation means that fewer firms will be able to offer the full suite of wealth management products, according to the RBC/Capgemini World Wealth Report.
19 June 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013