An advisor team has jumped ship from Citi Private Bank to J.P. Morgan Private Bank having overseen more than $2 billion in client assets. The trio – Olive Goh, James Harding, and Jorge Valcarcel – has more than six decades of combined experience and will report to Tim Howell, managing...
Investors hoping to make a quick profit from home flipping have found conditions challenging in the last year or so, but things are starting to improve along with the broader housing market. New stats from real estate data specialists ATTOM reveals that investor profits and profit margins both increased in...
Hedge fund billionaire John Paulson used a sham purchase of a luxury penthouse apartment in Puerto Rico to improperly enrich himself by $10 million at the expense of his family trust, his wife claims in a suit accusing him of hiding billions of dollars in assets during their divorce. Jenica...
China is considering relaxing the rules that cap foreign ownership in domestic publicly traded firms, people familiar with the matter said, as it seeks to lure global funds back to its $9.4 trillion stock market. Authorities are pondering policy tweaks to boost overseas ownership in stocks listed in Shanghai, Shenzhen...
Schroders Plc said it has a way to score sovereign debt that corrects for the rich-world biases inherent in ESG investing. Emerging economies start off at a significant disadvantage, the asset manager says, because they tend to rely on coal or other fossil fuels, they’re disproportionately vulnerable to climate change, and they...
For years, the Harvard College China Forum brought business moguls en masse to the university’s oak-paneled rooms, including Alibaba Group Holding Ltd. founder Jack Ma, Xiaomi Corp.’s Lei Jun, Blackstone Inc.’s Stephen Schwarzman and Bridgewater Associates LP’s Ray Dalio. There at the invitation of students, some of whom also happen to be the children...