Vanguard announces appointment of Salim Ramji as new CEO by Released | May 15, 2024 Vanguard has appointed Salim Ramji as CEO.
William Blair expands Private Wealth Management team by Released | May 15, 2024 William Blair, the premier global boutique with expertise in investment banking, investment management and private wealth management, announced today the expansion of the firm’s Private Wealth Management presence in Philadelphia with the addition of Fernberger Wealth Management. The team is led by managing director, wealth adviser James Fernberger and includes Alex Fernberger and Zach Fernberger, also joining as managing directors, wealth advisers. The group was most recently with Raymond James, where they had $1.2 billion in client assets.
Summit Financial Holdings launches Kyros Private Wealth by Released | May 15, 2024 Summit Financial Holdings (Summit), a leading architect of advisor success and client satisfaction for more than four decades, has announced the launch of Kyros Private Wealth (Kyros). Headquartered in Naples, Fla., this independent practice is led by William E. Clegg IV, founding partner and private wealth advisor. Formerly affiliated with UBS as The Clegg Group, Kyros represents the sixth firm in 2024 to join Summit Growth Partners (SGP), a partnership that combines cash monetization with equity participation and exclusive partnership privileges.
Pennybacker announces strategic investment from Petershill at Goldman Sachs Asset Management by Released | May 14, 2024 Pennybacker Capital Management has announced that Goldman Sachs Asset Management's Petershill program has made a strategic investment in the firm.
Goldman Sachs Alternatives raises more than $7b for real estate credit strategies by Andrea Zander | May 14, 2024 Goldman Sachs Alternatives has held a final close for its West Street Real Estate Credit Partners IV and related vehicles.
AI usage scaling up among alternative fund managers by Released | May 14, 2024 More than nine in 10 (or 92 percent) of alternative fund managers are already using AI as part of risk and compliance procedures, according to new research from Ocorian, a company specializing in regulation and compliance services for funds, corporates, capital markets and private clients.
Jackson National Asset Management launches real assets interval fund by Andrea Zander | May 14, 2024 Jackson National Asset Management has launched its second interval fund, a real assets strategy, subadvised by Cohen & Steers and First Sentier Investors, reported CityWire.
Jeffrey Klepacki joins Bluerock Capital Markets by Released | May 14, 2024 Bluerock Capital Markets (BCM) has hired industry veteran Jeffrey Klepacki to serve as executive vice president and national sales manager.
SoFi, Templum partner for expanded access to alternative assets by Andrea Zander | May 14, 2024 Templum has partnered with SoFi, the all-in-one digital personal finance company, to expand everyday investor access to investment opportunities with its recent launch of Alternative Investments.
Brennan Investment Group names new CIO by Released | May 14, 2024 Brennan Investment Group has named Kevin Brennan as CIO.
AI insights from last month’s GAIM Ops Cayman conference by Lewis Dayton | May 13, 2024 Last month’s GAIM Ops Cayman conference, held in Grand Cayman, was a global conference for operations professionals working in alternative investments. Deloitte recently shared highlights from the four-day event, reported theDIWire.
Park Avenue Securities launches new Private Client Group by Released | May 13, 2024 Park Avenue Securities, a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian) and the company's broker-dealer and corporate Registered Investment Adviser, has announced a new Private Client Group to support high-net-worth clients in achieving their unique financial goals.
Global Supply Chains are in the goldilocks zone, says GEP by Released | May 13, 2024 The GEP Global Supply-Chain Volatility Index, a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses, rose in April to -0.18, from -0.32 in March, which signals that global supply chains are operating at close to full capacity.
WNC & Associates closes tax credit fund with $302m in equity by Lewis Dayton | May 13, 2024 WNC & Associates, a family-owned business known as a pioneer and leader in the affordable housing industry, has closed its WNC Institutional Tax Credit Fund 56 (Fund 56), which includes 24 multifamily properties across 16 states.
Venom and KuCoin Ventures forge strategic partnership by Released | May 13, 2024 Venom, an innovative layer-0 and layer-1 blockchain network capable of hosting projects at massive scale, has continued to expand its offerings, this time forming a strategic partnership with KuCoin Ventures, the investment arm of KuCoin, a leading global crypto exchange.
