Asset Management - FinTecBuzz

Sequoia Financial Group Acquires Family Asset Management

PRNewswireNovember 7, 20245 min

Sequoia Financial Group, LLC (Sequoia Financial), an SEC-registered wealth manager with $21.5 billion in assets under management as of Sept. 30, 2024, and Family Asset Management (FAM), a Charleston, South Carolina-based investment advisory firm, announced that Sequoia Financial has acquired FAM. Financial terms were not disclosed. Founded in 2004, FAM is an SEC-registered investment advisor with more than $300 million in assets under management as of Sept. 30, 2024. FAM provides financial planning and investment management services to high net worth clients,...

Compliance & Scoring

Matrixport announced the acquisition of Crypto Finance Asset Management

PRNewswireOctober 1, 20243 min

FINMA-supervised unit renamed Matrixport Asset Management AG

Investments

GoldenTree Asset Management Hires Head of Real Estate Credit Origination

BusinessWireJuly 29, 20244 min

GoldenTree Asset Management LP, a global asset management firm with approximately $55 billion in assets under management, has announced the hiring of Sam Friedland as Principal and Head of Real Estate Credit Origination, a newly created role. He will be based in the firm’s New York office and will report to Lee Kruter, Partner and Head of Performing Credit. Friedland brings almost 15 years of expertise and relationships in the real estate industry to GoldenTree....

Crypto Currencies

Mesh and Fireblocks Innovate Digital Asset Management

PRNewswireJuly 24, 20244 min

Mesh and Fireblocks Innovate Digital Asset Management

Investments

CW Advisors Accelerates Expansion acquiring Cubic Asset Management

BusinessWireJuly 15, 20243 min

CW Advisors, LLC (“CWA”), a Boston-based registered investment advisor (“RIA”), announced the acquisition of Cubic Asset Management, LLC (“Cubic”), an independent account management firm also based in Boston. The deal adds over $700 million of AUM to CWA. Terms of the transaction were not disclosed. “We are thrilled to welcome the Cubic team and their clients to CW Advisors,” said Paul Lonergan, Chief Executive Officer of CWA. “Cubic’s disciplined approach and many years of experience...

Investments

Marathon Asset Management announces expansion of leadership teams

BusinessWireMay 16, 20246 min

Andrew Szmulewicz and Fernando Phillips Named as Co-Heads of Emerging Markets Debt Business; Gabriel Szpigiel to Depart Randy Raisman and Michael Alexander promoted to Leadership Team for U.S. Opportunistic Credit Business

Insurance

Blue Owl Capital to acquire Kuvare Asset Management for $750 Mn

PRNewswireApril 3, 20245 min

Blue Owl Capital Inc., a leading alternative asset manager, announced today it has entered into a definitive purchase agreement to acquire Kuvare Insurance Services LP (dba Kuvare Asset Management) (“KAM”) for $750 million. KAM is a boutique investment management firm focused on providing asset management services to the insurance industry, including Kuvare UK Holdings (“Kuvare”). Blue Owl will fund the KAM acquisition through a combination of $325 million in cash and $425 million in Blue Owl Class A common...

Investments

Sagard, HalseyPoint Asset Management enter into strategic partnership

BusinessWireMarch 15, 20244 min

Alternative asset manager Sagard acquires 40% stake in HalseyPoint CLO platform to help accelerate next phase of growth - Platform to be co-branded Sagard | HalseyPoint

Investments

Tri Ri Asset Management Announces Launch of Flagship VC Fund

BusinessWireMay 15, 20234 min

Tri Ri Asset Management (“TRAM”) today announced the launch of their flagship venture capital fund, the TRAM Venture Fund (“TRAM VF”), with a target size of USD 125 million. TRAM VF will be focused on the MENA region, with a particular emphasis in Pakistan. Tri Ri Asset Impact Fund, with a commitment of USD 50 million, serves as the fund’s anchor. TRAM VF is dedicated to serving the later-stage tech company growth needs in Pakistan and...

Investments

Pretium Adds Melanie Gersper as Managing Director, Asset Management

PRNewswireMarch 21, 20234 min

Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that Melanie Gersper has joined the firm as Managing Director, Asset Management. In this role, Ms. Gersper will lead the asset management of Pretium’s equity real estate portfolio across the United States, including more than 90,000 single-family residential homes managed by Progress Residential as well as Pretium’s build-to-rent platform. Ms. Gersper brings a proven track record and more than 25 years of experience managing...

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