Alternatives

Displaying 3884 results
Booming SPAC market draws SEC scrutiny
INVESTING ALTERNATIVES MAR 11, 2021
Booming SPAC market draws SEC scrutiny

The vehicles are touted for democratizing markets by allowing retail investors access to high-growth companies. But the SEC said they come with distinct risks.

Advisor Group firms boost legal reserves
INVESTING ALTERNATIVES MAR 10, 2021
Advisor Group firms boost legal reserves

Royal Alliance Associates Inc., SagePoint Financial Inc., and FSC Securities Corp., increased legal reserves by as much as three times the amount of the prior year.

It’s time to talk about Bitcoin
INVESTING ALTERNATIVES MAR 08, 2021
It’s time to talk about Bitcoin

Advisers don’t have to join the bulls, but they better join the discussion.

PE firm Merchant buys stake in Axiom Financial Strategies
INVESTING ALTERNATIVES MAR 05, 2021
PE firm Merchant buys stake in Axiom Financial Strategies

The deal shows that private equity investors are starting to move down-market to invest in smaller registered investment advisers.

iCapital leverages KKR to lure investors into private equity
INVESTING ALTERNATIVES MAR 04, 2021
iCapital leverages KKR to lure investors into private equity

The rebranded PE fund targets the country's 13 million accredited households with an offer of access to KKR's investment expertise.

GPB broker-dealer shuts down amid fraud charges
INVESTING ALTERNATIVES MAR 01, 2021
GPB broker-dealer shuts down amid fraud charges

Ascendant Alternative Strategies changed its official status with Finra to termination requested. Founders of GPB, David Gentile and Jeff Schneider were arrested and charged with fraud last month by the FBI.

Nick Schorsch is back — and heading up a SPAC
INVESTING ALTERNATIVES FEB 25, 2021
Nick Schorsch is back — and heading up a SPAC

The former nontraded REIT czar is looking for a next act in the securities industry, and this time it's a family affair.

$1.8 billion mutual fund halts redemptions over alleged fraud
INVESTING EQUITIES FEB 24, 2021
$1.8 billion mutual fund halts redemptions over alleged fraud

The manager of the Infinity Q liquid alt fund was fired after being accused of fudging asset values. The fund could not value its assets for purposes of calculating its net asset value.

Wells Fargo Asset Management sold to private equity for $2.1 billion
INVESTING ALTERNATIVES FEB 23, 2021
Wells Fargo Asset Management sold to private equity for $2.1 billion

Nico Marais will stay on as CEO of the $603 billion business after the sale to GTCR and Reverence Capital Partners, while there will be fresh faces on the board.

Ariel Investments launches firm to build minority businesses
INVESTING ALTERNATIVES FEB 17, 2021
Ariel Investments launches firm to build minority businesses

The private asset management firm, Ariel Alternatives, aims to build certified minority enterprises that can supply Fortune 500 companies.

Brokers sold GPB private placements using the worst tactics in Wall Street's playbook
INVESTING ALTERNATIVES FEB 17, 2021
Brokers sold GPB private placements using the worst tactics in Wall Street's playbook

Client appreciation dinners are all well and good, but private suites at Madison Square Garden are clearly beyond the pale.

iCapital Foundation, CAIA Association launch education program
INVESTING ALTERNATIVES FEB 17, 2021
iCapital Foundation, CAIA Association launch education program

AltsEdge will provide 10 modules to help advisers understand and use alternative investments.

Bitcoin exceeds $51,000 for first time
INVESTING ALTERNATIVES FEB 17, 2021
Bitcoin exceeds $51,000 for first time

The largest cryptocurrency rose almost 6% Wednesday, following a fivefold surge in the past year, after MicroStrategy said Tuesday it would sell $600 million of bonds to buy more Bitcoin.

Canadian Bitcoin ETF turns up heat on U.S. fund managers, regulators
INVESTING ALTERNATIVES FEB 12, 2021
Canadian Bitcoin ETF turns up heat on U.S. fund managers, regulators

Being behind Canada on Bitcoin funds could put U.S. ETF providers at a disadvantage when it comes to gaining market share.

SEC wants independent monitor to run GPB amid fraud charges
INVESTING ALTERNATIVES FEB 11, 2021
SEC wants independent monitor to run GPB amid fraud charges

The regulator wants to install an industry veteran to run GPB to monitor its assets in auto dealerships and make sure investor interests are protected.

GameStop lawsuits allege 'conspiracy' bigger than Robinhood
INVESTING ALTERNATIVES FEB 09, 2021
GameStop lawsuits allege 'conspiracy' bigger than Robinhood

Legal experts say the cases will have a monumental challenge overcoming motions to dismiss. The lawsuits allege online brokerages entered into an agreement and conspiracy to prevent the market from operating normally.

As markets get frothier, advisers migrate toward alternatives
INVESTING ALTERNATIVES FEB 05, 2021
As markets get frothier, advisers migrate toward alternatives

Survey shows 98% of advisers plan to increase or maintain client allocations to alts in the year ahead; the strategies most likely to see an increase in allocation are real estate, private equity and private credit.

SEC, Feds charge senior GPB executives with fraud
INVESTING ALTERNATIVES FEB 04, 2021
SEC, Feds charge senior GPB executives with fraud

GPB raised $1.8 billion from investors starting in 2013 through sales of private partnerships, but it has not paid investors steady returns, called distributions, since 2018.

BDC sales tank in 2020 after product performs poorly
INVESTING ALTERNATIVES FEB 03, 2021
BDC sales tank in 2020 after product performs poorly

Broker-dealers sold just $362.3 million in nontraded BDCs last year, the least since 2010, which was the year after the first product was launched, according to Robert A. Stanger & Co. Inc.

Buckle up! The GameStop saga isn't going away
INVESTING OPINION JAN 29, 2021
Buckle up! The GameStop saga isn't going away

The real fun is just getting started, now that everybody and their mother knows what a short squeeze is.