Private Wealth News

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Philanthropists Are Rethinking How They Give Away Their Money

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Bloomberg examines some ways charitable giving could further evolve.

Citi And American Air Cancel Trips, Seize Points For Rewards Abuse

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Some customers claim they are being unfairly caught up in the credit card providers' crackdown.

50 Ways To Leave Your Hedge Fund

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2019 saw many hedge fund managers leave their funds - or close down altogether.

College-Scam Parents Must Do Time, U.S. Says

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The Justice Department's announcement means actresses Felicity Huffman and Lori Loughlin will be incarcerated.

Financier For ‘Joker’ Has Made Movies Into Ultimate Yield Play

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Film financing may be a lucrative - but risky - option for yield-seeking investors.

From CLOs To ‘Ozark,’ Ex-Guggenheim President Builds An Empire

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A Guggenheim veteran is building a new firm with his eyes set on Warren Buffet-like returns.

Ken Griffin Adds A $99 Million Florida Beach House To His Property Empire

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The Citadel founder set a U.S. record this year with the purchase of a $238 million penthouse.

Festival Fraudster Who Targeted Status Seekers Gets 6 Years

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Billy McFarland, 27, founder of the ill-fated Fyre Festival, was sentenced to six years in prison.

Luxury-Home Sales Boom In Hawaii, With $5 Million Estates Up 31%

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Hawaii's high-end real estate market has taken off so far in 2018.

Study: Wealthy Leaving Advisors Behind In Tech Adoption

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According to a recent study, advisors are struggling to keep pace as wealthy individuals adopt new technology.

Mercer: Non-Profits Should Consider Risk Tolerance Before Alternatives

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Endowments and foundations must do more to determine when alternative investments are appropriate, says Mercer.

HighTower Adds Guggenheim, $325 Million AUM

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Chicago-based HighTower announced the takeover of Guggenheim Investment Advisory, the wealth management division of Guggenheim Partners.

Study: HNW Families Choose Budget Travel, Swankier Accommodations

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Affluent Americans will spend an average of $13,249 on leisure travel this year, according to a new study.

BNY Mellon Adds Boston Wealth Director

by PW Staff

Boston-based BNY Mellon has hired David Walker as wealth director for business development.

Millionaire Investor Confidence Plummets in June

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The Spectrem Millionaire Investor Confidence Index slid to 6 from 15 the previous month, a 12-month low, while the Spectrem Affluent Investor Confidence Index dipped two points to 6.

U.S. Dominates Self-Made Billionaire List

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With Microsoft co-founder Bill Gates, net worth $85.7 billion, at the top, the U.S. is represented 14 times among Wealth-X’s list of the world’s 25 wealthiest self-made billionaires.

Indexing With Impact

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Wealthy investors who are passionate about sustainable development and protecting the environment may find an equity strategy that enables them to put their money to work in a new custom-tailored...

Lessons Learned

by Michael S. Fischer

Experiencing the savings and loan crisis of the 1980s helped Terrell Gates perfect the risk mitigation techniques he uses with Virtus Real Estate Capital.

PW News

PW News

Foundations For Fund Principals

by Stephen Liss and Evan Jehle

Hedge fund principals looking to start a private foundation have to contend with a unique set of regulatory issues.

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