Alternative investments

Previously, criteria focused on an investor’s wealth. Now, a broader group has access to investments that include private company offerings and certain private equity funds.

The alternative asset manager said it has $77 billion in cash, securities and other available capital, including uncalled capital commitments from clients.

The fintech’s new executive says cryptocurrency will help communities that the financial services industry isn’t serving.

The alternative asset manager surpassed its previous peak from the fourth quarter of 2017.

The asset manager has become one of the fastest-growing hedge funds at a time when many competitors are losing assets.

A severe recession could be enough to completely wipe out the capital and surplus of four insurance firms as well as hobble a handful of others, the NAIC finds.

“The primary drawback of fewer hedge fund filings is lack of clarity around crowding risk,” strategists from the firm write.

The industry outranked asset classes including private equity and venture capital, which have historically ranked higher in a Credit Suisse survey.

SagePoint Financial failed to adequately supervise reps who recommended that clients exchange the products before maturity, the regulator says.

Almost all of the decline reflects performance-related losses rather than client withdrawals, according to a person familiar with the matter.