The Hennessee Hedge Fund Index fell by 1.58% in November, but remains up 11.94% year-to-date.
The performance of managed futures is languishing, but that hasn't diminished their appeal among financial advisers.
Despite once having been seen as betraying financial advisers, The Vanguard Group Inc. of Malvern, Pa., continues to ratchet up efforts to court them.
Very wealthy or entrepreneurial investors seek advice before they decide to donate to charity.
Advisers have a new, largely undiscovered and relatively inexpensive online database for prospecting for wealthy clients or for researching the giving habits of those they already have.
When wooing Bancroft family heirs to sell him their controlling interest in New York-based Dow Jones & Co. Inc., K. Rupert Murdoch learned that money isn't everything.
As Securities America Inc. deals with the sting of losing one of its biggest advisers, the independent broker-dealer continues to tighten its compliance practices and procedures.
Despite the market's current volatility, the love affair between ultrawealthy investors and hedge funds is still torrid, according to a new survey by the Institute for Private Investors, a New York-based association for very wealthy families and their advisers.
Maybe the housing market isn't tanking after all. Hedge fund manager Louis Bacon, head of New York-based Moore Capital Management LLC, last month bought the Forbes family's Colorado ranch for what is believed to be the largest sum ever paid for a home purchase in the United States: $175 million.
A stunning $4.6 million award against UBS Financial Services Inc. and two of its brokers late last month revealed how irate the arbitrators were with UBS.
