In the wake of the implosion of many non-traded REITs, non-traded business development companies (BDCs) have emerged as a relatively new structure that is getting a lot of attention. But with high up-front fees and limited liquidity, some say they...
Last month, an investor purchased Edvard Munch’s The Scream for a record $120 million at Sotheby’s in New York, showing that high-net-worth investors have never been more interested in “treasure assets,” or collectibles. But a new study by Bar...
Ah, memories. Remember when endowment-style investment was all the rage? You know, before the market meltdown of 2008-2009? Those were the days when investors clamored for portfolios that looked like those managed for the benefit of Harvard and...
Adam Antoniades, president of First Allied, said Advanced Equities has its roots in venture capital and private equity deals, and the parent was hoping to grow that business through the independent channel when it purchased First Allied.
Many IBDs have been going under due to large liabilities they face related to alternative investments that have gone bust, including Medical Capital, Provident and DBSI. Meadowbrook is the latest to join the list of imploding firms. Other IBDs...
