The fund will invest in a broad range of distressed assets, including mortgages and buyout loans. Goldman’s efforts come at a time when a number of hedge funds are asking for capital for new distressed debt funds.
Goldman’s rival
More than a dozen distressed funds have raised $23 billion through last month, topping the $18 billion raised for such funds last year, according to research firm Private Equity Intelligence.
Three advisory teams managing $10 billion in the San Francisco area are among an ongoing wave of departures from the biggest U.S. bank.
Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.
The CEO of the RIA "roll-up" outfit thinks that ongoing industry consolidation doesn't necessarily mean all firms will start to look the same.
As ESG investments face political backlash, here's how financial advisors are talking to clients about impact investing.
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
