Wealth Management
Top stories summarized by our editors
11/14/2019

The Alternative Investment Management Association has published a white paper detailing steps the hedge fund industry can take to improve workforce diversity and foster a culture of inclusivity. "Our industry must stay true to its meritocratic roots in order to continue delivering the performance investors expect," said AIMA CEO Jack Inglis.

11/14/2019

Portfolio managers running a traditional 60:40 allocation between stocks and fixed-income must incorporate alternatives such as private equity into their allocations in order to secure returns over the coming decade, JPMorgan Asset Management strategists say. "The trade-off is no longer between foregone risky asset returns and reduced portfolio risk, but instead between a zero or even negative return in exchange for risk reduction," says JPMorgan AM's John Bilton.

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John Bilton
11/14/2019

The Swiss franc hit a one-month high against the euro as hedge funds retreated from their short bets against the currency. Banks and hedge funds had been shorting the franc since the start of November hoping positive news on US-China trade negotiations would spur a rise in carry-trades.

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Reuters
11/14/2019

Signals from the US equity-options market suggest a surge in volatility is likely, analysts say. "It doesn't necessarily mean stocks will decline, but it does seem to be a good bet that at some point the [Cboe Volatility Index] will jump," said Sundial Capital Research founder Jason Goepfert.

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Sundial Capital Research
11/14/2019

South Africa's hedge funds hope that new rules governing how funds are categorized will turn around the sector's record outflows. "We want to create awareness that a hedge fund is a different type of fund that can fit into different types of portfolios," said industry advocate Hayden Reinders.

11/14/2019

Sales of nontraded REITs increased 172% last month to more than $1.1 billion from $404 million in October 2018, according to Robert A. Stanger & Co. Stanger says it continues to be bullish on nontraded REITs, predicting more than $10.5 billion in sales this year.

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The DI Wire
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Robert A. Stanger
11/14/2019

Sen. Ron Wyden, D-Ore., has introduced a bill meant to increase transparency in Opportunity Zone investment, including a requirement that funds and investors report information annually. Wyden and other lawmakers have also asked the Government Accountability Office to review the program, though industry participants say the attention is unlikely to bring change.

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Sen. Ron Wyden, Senate
11/14/2019

Advisor Group has agreed to acquire Ladenburg Thalmann Financial Services for about $1.3 billion. The combined entity would have more than $450 billion in assets under management and almost 11,500 advisors.

11/14/2019

ExchangeRight has completely subscribed the Net-Leased Portfolio 27 Delaware statutory trust offering, which has a value of $94 million. Net-Leased Portfolio 27 has 18 single-tenant properties in the Midwest, Northeast and South and is 100% occupied.

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The DI Wire
11/14/2019

Trust can be built in social settings, leading the way to doing business with someone, writes Bryce Sanders of Perceptive Business Solutions. He offers 12 ways to build trust, including keeping your word, respecting confidentiality, avoiding gossip and showing commitment to your career.