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Senate bill would give CFTC more sway over crypto trading
INVESTING ALTERNATIVES AUG 03, 2022
Senate bill would give CFTC more sway over crypto trading

The new proposal would give the derivatives regulator direct oversight of tokens that qualify as 'digital commodities.'

Venture capital firm aims to manage fortunes of tech founders
NEWS INDUSTRY NEWS AUG 03, 2022
Venture capital firm aims to manage fortunes of tech founders

Andreessen Horowitz, nicknamed a16z, hired Michel Del Buono from Jordan Park as chief investment officer.

TD buying Cowen for $1.3 billion, adding to its presence in US
NEWS INDUSTRY NEWS AUG 02, 2022
TD buying Cowen for $1.3 billion, adding to its presence in US

The deal addresses the Canadian bank's relative weakness in the capital markets business compared to its larger competitors in Canada and deepens TD's reach into the US.

Citigroup plans to hire 500 people for new wealth unit
YOUR PRACTICE PRACTICE MANAGEMENT AUG 02, 2022
Citigroup plans to hire 500 people for new wealth unit

The division caters to junior employees at private equity offices, consultancies and accounting firms, betting those clients will someday join the ranks of the ultra-wealthy.

JPMorgan strategist stands out with call for stocks rebound
NEWS INDUSTRY NEWS AUG 02, 2022
JPMorgan strategist stands out with call for stocks rebound

JPMorgan's Marko Kolanovic expects a rebound in stocks on attractive valuations and as the peak in investor bearishness has likely passed.

Active vs. passive: Market pros weigh in on the best strategy
INVESTING EQUITIES AUG 01, 2022
Active vs. passive: Market pros weigh in on the best strategy

Passive funds' share of the domestic equity-fund market is close to 58%, but the active-versus-passive debate has become more heated amid the recent stock turmoil.

Obsession with income sweeps across asset classes
INVESTING MUTUAL FUNDS AUG 01, 2022
Obsession with income sweeps across asset classes

Three dividend-focused ETFs rank among the top 10 in terms of equity inflows, and on the fixed-income side, Treasuries have seen a fierce rally.

Buffalo Bills owner backs startup targeting independent advisory firms
YOUR PRACTICE PRACTICE MANAGEMENT AUG 01, 2022
Buffalo Bills owner backs startup targeting independent advisory firms

Atlanta-based Bison Wealth provides back-office support for advisory firms in exchange for a share of their revenues.

Proposed end of carried interest would mean tax hike for rich Wall Streeters
NEWS REGULATION AND LEGISLATION JUL 28, 2022
Proposed end of carried interest would mean tax hike for rich Wall Streeters

The tax deal in the Senate would eliminate the tax break used by private equity and hedge fund managers.

Economy shrinks for second straight quarter, pumping up recession angst
NEWS INDUSTRY NEWS JUL 28, 2022
Economy shrinks for second straight quarter, pumping up recession angst

Inflation undercut consumer spending and Federal Reserve interest-rate hikes stymied businesses and housing.