Moss Adams snaps up wealth management shop
Moss Adams, in a bid to continue the expansion of its wealth advisory business, has acquired a registered investment advisory firm in San Diego.
What’s attractive now: Higher-quality junk bonds
Higher-quality high-yield corporate bonds are getting more attractive on a fundamental basis, according to Sabur Moini, manager of the $695 million Payden High Income Fund.
Delaware Management sold; is Columbia next to go?
One big deal is on the books — and another is in the process of being finalized — a sign that merger and acquisition activity continues to accelerate in the money management industry.
Lincoln sells Delaware Management to Macquarie, Columbia to Ameriprise next?
One big deal is in the books — and another is in the process of being finalized — a sign that merger and acquisition activity continues accelerate in the money management industry.
Ready for this? A non-hedge-fund hedge fund
Regardless of the hedge fund industry's hoopla, a lot of investors are paying too much for the performance they're getting, or hope to get, from alternative strategies.
ICI: Transaction tax would take big bite out of fund returns
High on the mutual fund industry's “to do” list is defeating legislation that would impose a $150 billion-per-year tax on securities transactions.
State Street settles lawsuit, bulks up legal reserve
State Street Corp. will pay $89.75 million to settle a class-action lawsuit with a group of employee benefit plans invested in certain active fixed-income strategies managed by its SSgA unit, confirmed Arlene Roberts, State Street spokeswoman.
British brokerage paying $25M to settle SEC charges
ICAP Securities USA, the U.S. division of a big British brokerage, agreed Friday to pay $25 million to settle federal regulators' charges that it deceived customers by displaying thousands of phony trades in U.S. Treasury securities on its screens.
NBA star Carmelo Anthony slams former financial consultant with suit to recoup $2 million
Denver Nuggets basketball star Carmelo Anthony filed a lawsuit in federal court in Sacramento, Calif., this week alleging that his former financial and business adviser transferred more than $2 million from his accounts without his knowledge or consent.
Many of the firm’s clients made their fortune in the investment world
While high-net-worth clients often tend to be more sophisticated than the average investor, Silvercrest Asset Management Group LLC claims that its clients are even more investment-savvy than the typical wealthy investor.
