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Digital media company expands into Wall Street recruiting
PRACTICE MANAGEMENT JAN 11, 2023
Digital media company expands into Wall Street recruiting

Litquidity, which has more than a million followers on Twitter and Instagram, is hoping to help connect its followers with jobs at private equity firms, hedge funds and other alternative asset managers.

Tiedemann eyes M&A after SPAC deal forges $60 billion wealth firm
RIA NEWS JAN 09, 2023
Tiedemann eyes M&A after SPAC deal forges $60 billion wealth firm

After completing a merger last week with Alvarium Investments through a blank-check company, the former banker is eyeing further deals.

Morgan Stanley operating chief Jon Pruzan exiting firm
PRACTICE MANAGEMENT JAN 09, 2023
Morgan Stanley operating chief Jon Pruzan exiting firm

The executive, who was once considered a potential CEO candidate, is leaving after a 28-year run.

FTC proposes ban on noncompete contracts
PRACTICE MANAGEMENT JAN 06, 2023
FTC proposes ban on noncompete contracts

The proposal would bar employers from entering into or enforcing such clauses and require companies to nullify any existing ones within six months.

Before FTX collapsed, it was targeting retirement accounts
RETIREMENT PLANNING JAN 05, 2023
Before FTX collapsed, it was targeting retirement accounts

The push to interest retirement savers in crypto was part of an effort by FTX Group to expand its base of everyday retail customers.

Coinbase agrees to pay $100 million to settle compliance investigation
ALTERNATIVES JAN 04, 2023
Coinbase agrees to pay $100 million to settle compliance investigation

The firm is required to pay a $50 million fine and spend $50 million to improve compliance over two years.

Investing novices call the shots on $4 trillion at public pensions
RETIREMENT PLANNING JAN 04, 2023
Investing novices call the shots on $4 trillion at public pensions

Public-employee plans are underfunded, chasing higher returns and underperforming international peers overseen by professionals.

BlackRock, Citigroup among firms named as fossil-fuel boycotters by Kentucky
REGULATION, LEGAL & COMPLIANCE JAN 04, 2023
BlackRock, Citigroup among firms named as fossil-fuel boycotters by Kentucky

State legislation requires state entities to divest from firms on the list, with certain exceptions.

Blackstone's BREIT gets $4 billion boost from University of California
ALTERNATIVES JAN 03, 2023
Blackstone's BREIT gets $4 billion boost from University of California

The infusion from UC Investments will give the $68 billion real estate investment trust a longer-term source of capital after it faced pressure from investors pulling cash.

Inflation lets wealthy Americans give heirs even more tax-free
RETIREMENT PLANNING JAN 03, 2023
Inflation lets wealthy Americans give heirs even more tax-free

Last year's inflation, the highest in decades, means married couples can now hand their heirs almost $26 million tax-free, $1.7 million more than in 2022.