Proposed rule would require brokers to factor in fees and commissions when listing share prices on client account statements; if approved by the SEC, rule change would do away with the $10-a-share listing price.
Inland American Real Estate Trust, the largest nontraded REIT with $9.5 billion in assets, may soon be in line for a merger or listing of its shares, a move dubbed a “liquidity event” in the business. <i>(Don't miss: <a href="//www.investmentnews.com/article/20131227/FREE/131229967"" target=""_blank"" rel="noopener noreferrer">Will the 2013 banner year last through 2014?</a>)</i>
<i>Breakfast with Benjamin:</i> What's with the Oracle of Omaha's hedge fund bet? Plus: Friday's freaky jobs report preview, public pensions gained 16% last year, Twitter earnings raise concerns, and investing in income inequality.
Some optimistic, others skeptical about plan to scrap the automatic per-share value of $10.
Even though a March bid was spurned, Nicholas Schorsch and his American Realty Capital have struck a $6.85 billion deal to acquire Cole Real Estate Investments.
Firm has 1,500 affiliated registered reps and advisers; $32B in client assets.
The SEC and Finra are getting tough on broker-dealers, putting intense focus on those recommending and selling alternative investments, including nontraded REITs. <b><i>Don't Miss: <a href="http://www.investmentnews.com/article/20140110/FREE/140119991">Our full look at the SEC's 2014 priorities</a></b></i>
Finra turns its ever-watchful eye on frontier funds amid concern that risks are inadequately disclosed to retail investors.
High-profile real estate investor Nick Schorsch moves to the sidelines of the net-lease business with a $2.3 billion bang. Bruce Kelly has the story.
Once the dominant player in nontraded REITS, firm picks new chief for new perspective.
Stan Druckenmiller, one of the top-performing money managers of the past three decades, discovered a hard truth when he started investing in other hedge funds: Most don't treat their clients fairly, he said.
Risks of the strategy can be great the returns even greater.
HedgeChatter to parse online financial chatter to drive investment ideas.
What you need to know to get your Friday morning off to the right start, from InvestmentNews senior correspondent Jeff Benjamin. Today: Bill Gross quacks the whip, look out for the next housing bubble and what's happening to the Euro?
Nicholas Schorsch finally got his prize Wednesday when American Realty Capital Properties Inc. said it had acquired rival Cole Real Estate Investments Inc. in a deal valued at $11.2 billion.
As the year comes to a close, it's evident that independent broker-dealers are racking up a bonanza from the sale of alternative investment products, namely nontraded REITs. Question is, have firms learned from past mistakes?
<i>Breakfast with Benjamin:</i> Private equity giant KKR finds expanding beyond the HNW crowd is not so easy and shuts two retail-focused funds. Plus: Gold jumps on Yellen preview, fund manager changes lead to Morningstar updates, Barclays cuts 12,000 jobs, and another day, another Obamacare delay.
<i>Breakfast with Benjamin:</i> Dr. Doom gets even doomier, using derivatives even when they hurt society, more sluggish economic growth, cashing in on video surveillance, and the pros and cons of free airport Wi-Fi.
The fees with Blackstone Group's nontraded fund of hedge funds make 2 and 20 not so bad. Are the returns strong enough to justify the stiff cost structure?
