Bitcoin Fund Up 4,847% This Year: Report
The Bitcoin Fund, which launched in late 2012, has returned 4,847% this year through Nov. 18, according to Exante, a Malta-based brokerage.
New Hire Roundup: OppenheimerFunds Makes 3 Senior Hires
The PCAOB announced its new chief hearing officer, and Capstone Financial Group has hired Steve Lee to spearhead advisor recruitment and coaching.
WOW: Not investments, but risk management
Whether it’s a basketful of goodies (plus aspirin) sent to tax professionals as a “tax season survival kit,” or an offer to connect hurricane-menaced clients with sources of preparation and cleanup assistance, advisors can create WOW experiences for individuals or groups.
Alternative Mutual Fund Assets to Reach 14% in 10 Years: Cerulli
It’s well-known that allocations to alternatives are growing at startling rates, but putting numbers to the inflows make them all the more startling.
Former Merrill Head John Thain Defends Wall Street Compensation
No pointers on office redecoration, but the former Merrill CEO had plenty to say about the 2008 crisis, Wall Street compensation, the Fed and more.
Institutions Using More Hedge Funds Since Lehman Crash
Rarely thought of as risk reducers by the general public, hedge funds are a big draw for institutions seeking to, well, hedge.
AMG Wealth Acquires Equity Stake in Clarfeld Financial Advisors
Palm Beach-based AMG has acquired an equity interest in Clarfeld, based in New York and with a presence in London.
Raymond James Appoints Exec to New Private Client Role
David Patchen, a regional director, will head up advisor education and practice managment initiatives.
The Weakest Link
While it’s hardly news that businesses are exposed to reputation and liability risk through suppliers, the factory collapse in Bangladesh in April has upped the ante considerably.
Managing Risk for the Wealth-Inheriting Younger Generation
While many young people are earnest in their quest to make a mark on the world, unless they are properly educated about the myriad exposures to their inherited wealth, they may inadvertently deplete it.