The portfolios are related closed-end equity funds - the Liberty All-Star Equity Fund, which had $1.2 billion of assets under management at June 30, and Liberty All-Star Growth Fund, which had $150 million under management then. The deal is expected to close by yearend; its price was not disclosed.
Under terms of the agreement, Liberty All-Star's management team is expected to join ALPS, which is a subsidiary of Denver-based ALPS Holdings Inc. ALPS Holdings is a portfolio company of
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
