Merrill Lynch reportedly may soon join the charge for financial service firms to begin offering registered funds of hedge funds in separately managed accounts. Separately managed accounts have for years outpaced mutual funds in capturing assets from affluent investors, but numerous operational and regulatory challenges complicate the prospect of integrating traditional hedge funds into portfolios of long-only investment strategies. But the recent surge of interest in registered hedge funds-of-funds may provide a solution to the SMA providers' dilemma.
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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.
6h ago -
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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.
8h ago -
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.
April 24 -
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.
April 24 -
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
April 23