Non-traded alternative investment fundraising has reached more than $50 billion for the year, through the end of September, according to Robert A. Stanger & Co. More concerns have arisen about the potential broader fallout of WeWork’s struggles. These
Rockefeller Global Family Office has announced its fourth recruit in three weeks, while Freestone Capital Management attracted an advisor from another RIA.
Applying a 2% rate to the wealth of the world’s 2,750 billionaires could raise some $250 billion a year.
Active asset managers have been bleeding cash, and strategies to stem the outflows haven't had much effect. Many may not survive a bear market.