The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Ackman, Hedge Fund Peers Veer Toward Tech, Find Opportunity in Troubled Banks

Hedge funds turned their attention to growth in 1st quarter. Bill Ackman's $1.1B stake in Google parent Alphabet Inc. veered toward beaten down tech.

Hedge Fund Trader Sanjay Shah Loses Appeal Over Order to Pay $1 Billion in Tax

Sanjay Shah, a hedge-fund trader accused of masterminding a massive tax fraud, lost an appeal at a Dubai court.

Pictet Bets Markets Are Wrong on the Timing of Fed Rate Cuts

One of Europe’s biggest asset managers is betting markets are wrong to expect the Federal Reserve to cut interest rates this year.

California Mutual Fund Manager Gets Four Years in Prison in $106 Million Fraud

California mutual fund mgr was sentenced to 4 years prison for defrauding investors $106M he said would be put in Treasury bills and safe assets.

Heads of Failed Banks Mostly Blame Social Media, Not Themselves

Facing second day of grilling from US lawmakers, once top executives at recently failed banks coalesced around a culprit for their firms’ collapses.