Alternative investments

The tax law overhaul has created planning opportunities.

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

Michael Arougheti says the move his firm took last year has already boosted stock liquidity and expects it will lure more investors to alternatives.

The discussions, which have since been abandoned, centered on a REIT with a market value of $2 billion, according to people familiar with the matter.

The allegation was laid out in an SEC order, which hit a U.S. unit of the firm with a $500,000 penalty.

The change will boost the firm’s “ability to reach a dramatically larger audience,” said CEO Stephen Schwarzman.

Taking on ESG presents fresh challenges for a $3.1 trillion industry that has grappled with sub-par returns.

Part of the risk in any pivot to private equity is whether it would be essentially pawning what has been until recently a diamond of a business model.

The asset manager is shifting more responsibility to regional leaders.

The $3 billion-plus RIA seeking scale via acquisitions.