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Daily News Analysis
Goldman Sachs AM Launches Alternatives Mutual Fund
17 May 2013
Goldman Sachs Asset Management is launching a multi-manager fund offering access to a range of alternative strategies within a mutual fund. The Goldman Sachs Multi-Manager Alternatives Fund will invest in long-short equity, dynamic equity, event-driven and credit, relative value, tactical-trading, and opportunistic fixed income strategies . Co-managing the fund are Jason Gottlieb and Ryan Roderick, who sit within GSAM’s alternative investments and manager selection group, which manages around $120 billion of client assets.
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Mutual Fund Asset Flows "Healthy" But Losing Pace - Morningstar
17 May 2013
Inflows for long-term mutual funds stood at a “healthy” $37. 8 billion in April, but continued to moderate from levels seen earlier this year, according to Morningstar data . Inflows for US equity funds slowed to $895 million, their lowest intake this year.
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Massachusetts Wealth Firm Appoints Research Director
17 May 2013
Wellesley, MA-based Weston Financial, a division of Washington Trust Wealth Management, has appointed Lorraine Chong as director of research. Chong joins Weston Financial from a local registered investment advisor, where she served as a portfolio manager . She also spent over a decade at Fidelity Investments as a senior analyst and team leader.
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Revenues Rise At Envestnet, Operating Expenses Soar From Acquisitions
17 May 2013
Revenues from assets under management/administration at Envestnet rose 29 per cent year-over-year to $36. 3 million for the first quarter of 2013, while total revenues (including licensing and professional services fees) soared 43 per cent to $46 . 6 million.
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BNY Mellon Combines Bank, Brokerage Custody Into Single Service Offering
17 May 2013
BNY Mellon’s Pershing Advisor Solutions and Wealth Management Advisor Custody Group will offer an integrated bank and brokerage custody service. The firm said it has created a single offering to give wealth managers, investment advisors and family offices a “richer client service experience . ” “Advisors will no longer have to choose between custody service models and will be able to offer clients more choices,” BNY Mellon said.
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Features
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
13 May 2013
Here, top executives at Citi Private Bank explain how the bank’s “Voice of the Client” initiative has rapidly gained traction among both staff and clients.
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WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
11 April 2013
WE Family Offices is trying to change the landscape of high-end wealth management with its offering focused on “wealth as an enterprise.”
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FEATURE: A Look At The Mexican High Net Worth Client Market
2 April 2013
Mexico is home to the world’s richest man in the form of telecoms magnate Carlos Slim, but its wealth management market has not received the attention of Brazil’s. That may be changing as the emerging economy garners attention from the industry.
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EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
27 March 2013
GenSpring Family Offices is in some ways a poster child for the multi-family office industry: it grew assets under management very quickly for many years but has recently had to tackle problems that come with this increasing scale.
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EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
25 March 2013
Relevancy, transparency and ease of use emerged as goals for wealth management firms to strive for in delivering client-centric communications at a recent event of industry leaders held in New York.
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News and Features
Latest News
Goldman Sachs AM Launches Alternatives Mutual Fund
Mutual Fund Asset Flows "Healthy" But Losing Pace - Morningstar
Massachusetts Wealth Firm Appoints Research Director
BNY Mellon Combines Bank, Brokerage Custody Into Single Service Offering
Webster Private Bank Creates Chief Investment Strategist Role
Comment and Analysis
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
FEATURE: A Look At The Mexican High Net Worth Client Market
EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
Expert Commentary
- Top Story
- Opinion of the Week
- Industry Insight
- View from the Top
- Editor's Choice
- Investment Strategy
EXCLUSIVE INTERVIEW: Data Crunching Delivers The Investment Goods For FQS
As markets have been volatile, patchier liquidity will mean that capacity constraints on some hedge fund strategies have to be closely monitored to protect performance, FQS Capital, the hedge funds arm of a family office business, says.
Tom Burroughes
17 May 2013
Guest Opinion: An Earnings Report Every Hedge Fund Manager Should Review
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
Diane Harrison
20 March 2013
Q&A: Rockefeller & Co's Jimmy Chang On The Investment Environment
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
Harriet Davies
4 April 2013
INTERVIEW: Regular Risk Reviews Gain Traction In The Family Office World
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
Harriet Davies
9 April 2013
FEATURE: Twins And The Business Of Family
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
Charles Lowenhaupt
8 April 2013
Guest Opinion: Diversification In The Age Of Globalisation
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
Marc Odo
25 March 2013
