Hedge Fund ‘$1 Billion Club’ Controls 90% of Industry Assets: Preqin
A new report examines what it takes to reach the “$1 Billion Club” and names the top 10 hedge fund managers by AUM.
New Hire Roundup: NASDAQ OMX Names Wittman Head of Equities
Also, Kira Bazile joined North Street Global as president, and Citi Private Bank announced changes in its family office leadership.
SEC Enforcement: Advisor Barred for Hiding Astrology-Based Investment Strategy
Meanwhile, the SEC charged a California-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered.
Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.
John Mack: ‘Stop Beating Up on Lloyd and Jamie’
Former Morgan Stanley CEO talks to Bloomberg TV about Barclays' recently announced mass layoffs and whether CEOs, on and off Wall Street, are overpaid.
Commodities: A Post-Mortem Shows Some Life
Commodities had a disastrous year in 2013. But there are plenty of reasons to embrace this unloved sector.
Why Liquid Alts Are Good for Clients and Your Practice
Alternative mutual funds are enjoying increased acceptance in the advisor community.
Merrill Grabs 3 Reps as Raymond James, LPL Each Add 2 Advisors
Meanwhile, Baird picks up a veteran financial advisor in Denver, who previously was with Charles Schwab.
How Reps Can Best Help Gay Clients
Recent surveys show LGBT investors want to work more with advisors around specific issues, but want to be treated like other clients, too.
$900M UBS Group Moves to Dynasty; LPL Team Jumps to Raymond James
The New York-based team going independent includes four former wirehouse advisors, while the LPL group has three reps at $310 million in assets.