“The index has changed significantly from the 80s, 90s and 2000s,” Subramanian, BofA’s head of equity and quantitative strategy, wrote. “Perhaps we should anchor to today’s multiples as the new normal ...

Prudence, 67, and two of her half-siblings—Elisabeth, 57, and James, 52—agreed to cede their stakes and receive $1.1 billion each as part of the settlement. The trio are now worth about $3.9 billion ...

An institutional consulting team called OpenArc declared its independence in Atlanta. The lawsuit was immediate.

Twenty-three percent of wirehouse clients use alts, and their allocations to the class average about 16%. That translates into 3.75% of total client assets—nearly triple the share of those held by ...

It’s a familiar Wall Street move, taking a volatile, hard-to-access trade and wrapping it in something easier to buy. For GSR, it’s a way to add institutional heft to a trade born out of narrative, ...

Advisors and investors looking for opportunities in fixed income today face a market in transition. The Federal Reserve just delivered its first rate cut of the year and signaled more could follow, ...

Advisor Bart A. Butler has joined Osaic and simultaneously launched his own independent firm, Rightside Financial. His firm will affiliate with Signature Equity Partners, an Osaic office of ...

New-home sales are seen as a more timely measurement than purchases of existing homes, which are calculated when contracts close. However, the data are volatile on a monthly basis. The government ...

The advent of AI has driven a massive rally for the perceived winners of the nascent technology such as chipmaker Nvidia Corp., which has gained 161% since the November 2022 release of OpenAI’s ...

Bonds backed by private credit loans are now among the hottest financial products on Wall Street with heavyweight firms like Blackstone, Apollo Global Management and Golub Capital selling them at the ...

Charles Schwab Corp. wants to give its retail investors more opportunities to take stakes in private companies as a growing number of firms become industry giants before going public, Chief Executive ...

The rise of family office services within accounting firms presents a growing opportunity for savvy wealth managers.