Alternative investments

A team of Bank of America specialists help the superrich diversify with farms, ranches and other alternative investments.

A Financial Action Task Force note on digital asset oversight is “one of the biggest threats to crypto today,” a research executive said.

The firm expects shareholders will save an estimated $3.2 million, annually.

The firm plans to focus on raising money for products that lock up capital for several years, according to people with knowledge of the matter.

Executives say the race to zero in fund fees and improvements in data and analytics are among the top issues impacting asset management.

Activist investors have taken large stakes in at least 100 of the products so far this year.

After his record $2.3 billion purchase of the Carolina Panthers, some clients became concerned the demands of owning an NFL team might be too distracting.

More money has been pulled from hedge funds than added over the past four quarters, while ETFs reeled in $312 billion last year.

The tax law overhaul has created planning opportunities.

The fast-growing Chicago firm now nearly $4 billion in AUM.