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Citi pays Andy Sieg $11.3M for first 3 months as wealth head
INDEPENDENT BROKER DEALERS MAR 20, 2024
Citi pays Andy Sieg $11.3M for first 3 months as wealth head

The size of award underscores Citi's desire to overhaul its struggling wealth division.

Luxury stocks decline, market awaits Fed rates decision
RIA NEWS MAR 20, 2024
Luxury stocks decline, market awaits Fed rates decision

The latest Federal Open Market Committee decision on rates is due at 2 p.m. in Washington.

BlackRock will lose management of $8.5B Texas fund assets
RETIREMENT PLANNING MAR 20, 2024
BlackRock will lose management of $8.5B Texas fund assets

The Texas State Board of Education delivered the blow Tuesday.

JPMorgan expects foreign investors to buy Indian stocks
EQUITIES MAR 20, 2024
JPMorgan expects foreign investors to buy Indian stocks

The completion of the country's general elections is set to spark interest.

How much can you make working for a crypto firm?
RIA NEWS MAR 20, 2024
How much can you make working for a crypto firm?

US is most generous with six-figure compensation packages.

Commercial real estate tremors reverberate in CLO space
ALTERNATIVES MAR 19, 2024
Commercial real estate tremors reverberate in CLO space

Unprecedented stress in vehicles for risky real estate debt could be canary in the coal mine for the broader commercial real estate debt market.

JPMorgan joins the sports investing league
INDEPENDENT BROKER DEALERS MAR 19, 2024
JPMorgan joins the sports investing league

Firm names co-leaders of new dedicated unit as valuations of sports teams soar.

CalPERS has $34B bet on private equity, shifts from equities
RETIREMENT PLANNING MAR 19, 2024
CalPERS has $34B bet on private equity, shifts from equities

Largest US pension fund believes riskier assets will outperform.

Investors are in a risk-on mood: BofA
RIA NEWS MAR 19, 2024
Investors are in a risk-on mood: BofA

A survey of fund manages shows rising preference for Europe, emerging markets stocks.

Grayscale posts largest outflows since switch to ETF
ALTERNATIVES MAR 19, 2024
Grayscale posts largest outflows since switch to ETF

Bitcoin was down 6.5% in early trading Tuesday