Managers of Wealth

Alibaba's cofounders are using company stock to borrow $2 billion

The capital raised from the loans could be used to fund Blue Pool Capital Ltd., a Hong Kong-based family office set up to manage the wealth of Alibaba executives

It is not for the faint-hearted but investing in art is taking off

This investment should only be considered when you have a strong core portfolio with a mix of equity , debt and insurance.

Quovo Raises $4.75M; Wealth Management CEOs Among Backers

The fintech boom, robo-advisors, and new regulations have pushed the wealth management industry into the digital revolution

BlackRock’s McKenna Starts Hedge Fund With $270 Million

Hedge funds accounted for $31 billion of the firm’s $4.72 trillion in assets as of June 30.

Carlyle looks to sell Landmark Aviation for $1.7 billion

Carlyle initially looked at cashing out of Landmark via a stock market listing, but in the past few months has broadened out that process to include a possible outright sale.

Beware - no man is a pocket-sized hedge fund

In Guys and Dolls, Sky Masterson recounts his old man’s adage - never accept a sucker bet.

Barclays to set bitcoin rolling

The bank has gone into partnership with a “bitcoin exchange”, or spending platform, and aims to begin the experiment by the end of the year.

UBS launches pair of smart beta funds

The funds are initially only available to institutional investors but UBS anticipates a retail share class will be issued in the near future.

ETFs a major threat to active managers, warns Schroders

Schroders' Asia distribution head says the challenge in the market is not banks versus nonbanks, but rather active versus passive. He has called on active managers to find a way to continue to be relevant.

City tycoon makes £225m from the Great Fall of China: Man who predicted the credit crunch strikes gold again after gambling the stock market would fall

His hedge funds soared by 10% this month as markets were hammered

Managers courting new client base

Rising institutional, regulatory pressures are part of the reason

European investor is launching a new €350 million fund

European VC fund Lakestar is announcing today that it is launching a new €350 million (£253 million) fund, Lakestar II.

Hedge funds are shaking up corporate America and Wall Street couldn't be happier

Starboard Value isn't the only activist operating from a recycled playbook in 2015.

Cayman Islands is confident of being granted AIFMD passport

AIMA said it was in the interests of institutional investors in Europe and hedge fund managers globally that Cayman be granted the passport.

SS&C Acquires Citi’s Alternative Investor Services Business

SS&C is one of the leading fund administrators for both onshore and offshore hedge funds, fund of funds and private equity funds

RBS agrees to sell Luxembourg fund Business

The sale of the state-backed bank’s Luxembourg-domiciled fund governance business, called RBSL, for an undisclosed sum is at a significant premium to book value

Billionaire George Soros sells Alibaba shares

The fund owned by the influential billionaire George Soros has sold most of its shares in the Chinese online retail firm Alibaba.

Betfred Founder Sells Two St Peter's For £100m

Fred Done's MSV firm has sold the landmark office building to Deutsche Bank

CIFM becomes first Mainland manager to obtain QDLP

A CIFM’s spokesperson told Asia Asset Management that the firm has been granted a QDLP quota of US$100 million.

Bob Diamond-Backed Incapture Shuttering $150 Million Fund

The firm has a technology group that Knez co-founded with former BlackRock executive Alan Moore.