Alternative investments

A team of Bank of America specialists help the superrich diversify with farms, ranches and other alternative investments.

A Financial Action Task Force note on digital asset oversight is “one of the biggest threats to crypto today,” a research executive said.

The firm expects shareholders will save an estimated $3.2 million, annually.

The firm plans to focus on raising money for products that lock up capital for several years, according to people with knowledge of the matter.

Executives say the race to zero in fund fees and improvements in data and analytics are among the top issues impacting asset management.

Activist investors have taken large stakes in at least 100 of the products so far this year.

After his record $2.3 billion purchase of the Carolina Panthers, some clients became concerned the demands of owning an NFL team might be too distracting.

More money has been pulled from hedge funds than added over the past four quarters, while ETFs reeled in $312 billion last year.

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.

Evidence-based portfolios have been a bust over the last decade, and they may become a tough sell for the average investor.

The products invest in private equity, hedge funds and real estate for the bank’s wealth management arm.