Optima and Mellon Private Asset Management (MPAM) agreed in June 2000 to give Mellons high-net-worth clients exclusive access to Optimas hedge funds. MPAM President David Lamere described that relationship, which gave MPAM exclusive U.S. rights to offer Optima funds to its clients, as "highly successful" in a statement.
Optima was founded in 1988 and manages $1.7 billion in assets, with more than 20 hedge funds, both on-shore and off-shore, through a Bermuda-based affiliate.
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
