Shares of the beleaguered alternative investment manager hit a new low of $1.78 in trading Thursday morning.
The steady flow of PE money into wealth management illustrates the bullish outlook for the industry's fee-based revenue streams.
ProShares wants to launch an exchange-traded fund that would track the inverse performance of an index of Bitcoin futures.
Black Americans increasingly turn to newer types of assets, like cryptocurrency, that are less likely to be associated with structural discrimination, according to a study from Ariel and Schwab.
Investors in the $1.6 billion of bonds issued by GWG face dire consequence if the alternative asset manager files for bankruptcy.
The 52-year-old asset manager with nearly $20 billion under management will become a subsidiary of Callodine Group.
The risk-analysis platform plans to more than double its bond coverage by adding 800,000 more individual bonds this year.
Private equity firms Clearlake Capital Group and Motive Partners announced the acquisition of Beta+ this week and plan to use the tech to enhance wealth management firms they already own.
The asset manager is jumping into liquid alternatives, citing its clients' interest in diversifying.
The firm's CEO said the war will prompt countries to reconsider their reliance on traditional money and payment systems.
Dempsey Lord Smith and BD4RIA were negligent in 2018 when they failed to inform clients that GPB had missed a deadline for filing financial information, according to Finra.
The state claims U.S. Data Mining Group sold $4 million in unregistered securities to Massachusetts investors.
We need to understand new technologies and combat the fear of missing out on the hottest investment category, which has been cryptocurrencies.
The fine and restitution to customers stem from sales of two alternative investments, the LJM Preservation & Growth Fund and private placements issued by GPB Capital Holdings.
The Vermont Department of Financial Regulation said at least 40 customers in the state complained.
Sen. Sherrod Brown says PE has a track record of 'undermining pension and retirement programs.' The American Investment Council praises PE stewardship of insurance firms.
The DOL has clarified its earlier advice on this topic, stressing the responsibility of fiduciaries whose plans offer private equity investments.
The digital alternative investment provider Yieldstreet launched a new art equity fund with exposure to contemporary international artists like Banksy and Takashi Murakami.
In an unusual aspect of the investors' claim and subsequent award against First Allied Securities, the $2.66 million in damages requested matched the amount the three arbitrators awarded.
The agency 'has serious concerns about the prudence' of exposing plan participants' retirement savings to investments that carry 'significant risks of fraud, theft, and loss.'
