(Bloomberg) — It sounds like a safe, no-nonsense trade for stock investors playing hedges: ETFs that will bet on stock markets without going down, says Fushe. Calamos Investments filed Monday for so-called “structured hedge” exchange-traded funds that will track a portion of the returns of the S&P 500, Nasdaq 100 and Russell 2000 while protecting…

(Bloomberg) — Goldman Sachs Group Inc . is shutting down its automated investing business for the masses after reaching a deal with Betterment. The bank has reached an agreement to transfer clients and their assets from the unit known as Marcus Invest to Betterment, a $45 billion digital investment advisory firm. The transfer is expected…

Time is ticking for RIAs to adapt to the SEC Rules of Private Fund Advisersthe most demanding of which will enter into force at the end of this year and at the beginning of 2025. Advisers should start preparing for stricter quarterly reporting requirements for private funds that will take full effect next March, according…

Alpha Capital Family Offices, a Denver-based RIA that provides outsourced family office services to approximately 100 families and a handful of companies on a flat fee basis, has recruited Tom Riley from Northern Trust to lead the construction and management of customized customer portfolios. A chartered financial analyst, Riley's career in portfolio management included six…

Ninety registered investment advisory firms were acquired in whole or in part in the first quarter of the year, according to industry-focused investment bank and transaction advisory firm Echelon Partners. Echelon's tally makes it the second-busiest quarter since the firm began tracking RIA M&A activity in 2017. It trails only late 2021 and the first…

(Bloomberg) — BlackRock Inc . unveiled plans for its first mutual fund-to-ETF conversion this week, joining a growing list of asset managers that have made the jump amid a one-way flood of money between the structures. The world's largest asset manager will return more than $700 million BlackRock International Dividend Fund in an exchange-traded fund…

Conventional wisdom suggests that a company's market share predicts its profitability—active investment strategies often use this as a key metric—but empirical research finds that there is actually not much of a relationship between market share and profitability. Verdad's Dan Rasmussen examined all US and Canadian public and private firms with more than $10 million in…

Cresset is adding two San Francisco-based teams with a total of $5 billion in assets managed by JP Morgan Wealth Management. it's the last exit from the bank of former councilors of the First Republic. The teams include three lead advisors and 12 support financial advisors and collectively managed assets for 160 client families. Connected:…

The Carson Group's failure to handle an alleged sexual assault at a conference by an employee of the firm left its former chief marketing officer psychologically scarred, according to a lawsuit filed in Nebraska federal court on Friday. In her complaint, Mary Kate Gulick alleges that the firm did not adequately respond to allegations that…

Berkshire Hathaway, the multinational conglomerate holding company led by Warren Buffett, has long been hailed as a model of successful business management and investment strategy. An integral factor contributing to its triumph is a carefully crafted succession plan that has been in place since at least 2006. That plan, inadvertently revealed by Vice Chairman Charlie…