Wealth Management
Top stories summarized by our editors
12/6/2018

Advisory business owners must find balance between their long-term goal of sustained profitability and their short-term desires, writes consultant Angie Herbers. She warns that "the sacrifices that owners make when they are starting and growing their business, can turn into greed (and neglect) after they've had success."

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Angie Herbers
12/6/2018

The Eurekahedge Asian Hedge Fund Index saw 11% of the funds it tracks lose one-fifth of their value in the first 10 months of this year, and nearly 72% of funds that posted gains last year are now sitting in negative territory. With about 75% of the stocks in the MSCI Asia-Pacific Index losing ground this year, these latest figures signal the sector's struggles to perform outside of a rising market.

12/6/2018

Morgan Stanley analysts expect so-called value stocks to have a renaissance next year as rising interest rates erode the attractiveness of growth stocks already buffeted by recent market declines.

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Morgan Stanley
12/6/2018

Sales of alternative investment funds in Europe rose to €37 billion in the third quarter from €15 billion the previous quarter, according to data from the European Fund and Asset Management Association. Overall, however, combined sales of AIFs and Undertakings for Collective Investment in Transferable Securities during the first nine months of the year fell to €293 billion from €759 billion during the same period last year.

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Funds Europe
12/6/2018

Hedge funds were offloading their holdings of technology and communications stocks ahead of the market fall in early October, an analysis by Goldman Sachs shows. Funds had pivoted away from more dynamic growth stocks, such as Google parent Alphabet and Facebook, amid mounting questions over whether they could maintain their growth rates, notes David Kostin, Goldman's chief US equity strategist.

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CNBC
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Goldman, David Kostin, Facebook, Google
12/6/2018

Midcareer hedge fund analysts are finding that opportunities to advance their careers are becoming scarce as market conditions, automation and a pool of younger, cheaper talent challenge this advancement. A Bloomberg analysis reveals that many are choosing to stay in their current role rather than seek new opportunities or launch their own fund as previously was the case.

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Bloomberg
12/6/2018

Investor capital raised by nontraded REITs totaled about $1.2 billion during the third quarter, with perpetual life REITs accounting for about 79% of Q3's total equity, Summit Investment Research says in a report. Nontraded REITs raised $3.3 billion in equity capital in the first three quarters of 2018 and are on pace to exceed 2017's total of $3.9 billion, according to Summit.

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Summit Investment Research
12/6/2018

Commercial real estate continues to be a valuable part of high-net-worth investors' portfolios even as residential real estate remains their focal point, Capgemini data show. Wealth preservation remains the top factor for high-net-worth individuals who invest in commercial real estate, with income production the second most important factor, according to a National Real Estate Investor survey.

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National Real Estate, Capgemini
12/6/2018

Permanent exclusion from taxable income on capital gains from the sale of investments held for 10 years or longer provides a big advantage to investors considering opportunity zone funds, said Mike King of Kidder Mathews. Opportunity zones will increase the number of properties that make for attractive long-term investments, said Robert Thornburgh of Kidder Mathews.

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GlobeSt
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Mike King
12/6/2018

The shareholders of FS Investment Corp. and Corporate Capital Trust have voted in favor of a proposed merger between the two entities. FS/KKR Advisor said the merger is likely to close this month, with FS Investment being renamed FS KKR Capital Corp., which is expected to have more than $8 billion in assets.