Private wealth Financial News

The strategy will invest directly in deals originated by the firm’s $188bn global credit platform, which offers borrowers bespoke solutions across the entire capital structure.

The inclusion of India into the JPMorgan Global bond index and expectations of rate cuts from the first half of FY25 is set to put a cap on bond yields in the domestic market over the medium term. A downward shift in India’s yield curve will thereby make the bond market attractive, and pave the way for increased allocation towards debt in the portfolio, believes Jayesh Faria, director — regional head — west at Motilal Oswal Private Wealth. “We are requesting our clients to participate 65-70% of their debt portfolio in high quality roll down strategies with 7-12 years average maturity. The remaining 35-40% through high yields NCD or private credit or REITs & InVITs,” Faria said in an interview with ETMarkets. Edited excerpts: The equity market has lost some momentum, but would you still say that India is in a stage of a strong bull market phase? We feel that India is in a structural bull market due to improvement in earnings of our companies. For three consecutive years now, Nifty 50 earnings have grown by double digits. For FY24, estimates for Nifty earnings are of 22% growth. Therefore, we feel earnings growth is expected to remain steady over the next few years.

Two teams that collectively managed about $1.7 billion in client assets at Bernstein Private Wealth Management are joining UBS, the firm announced Thursday.

Shaw and Partners has added a Macquarie adviser to its ranks as part of a push into the private wealth market.

Spark Capital Advisors (India), one of the oldest mid-market investment banking and financial services companies, announced a strategic evolution to propel its journey into the future. Having successfully navigated the investment landscape, Spark Capital significantly strengthens and enhances its wealth and asset management business, Spark Private Wealth, by integrating investment banking and asset management expertise. Co-chief executives Arpita Vinay and S Ganashyam lead the venture. Spark Private Wealth has a team of over 200 seasoned private bankers and experts.

Wealth management firm Bernstein has said that the recent Grayscale victory over the Securities and Exchange Commission (SEC) will pave the way for a spot Bitcoin (BTC) ETF approval.

SageView Advisory Group has announced some leadership changes that see founder Randy Long appointed as chairman of the board and John Longley joining the firm as CEO.

The summer of wealth management name changes rolls on as CI Private Wealth, one of the fastest-growing registered investment advisors ever to compete in the financial advice industry, Tuesday morning said it was rebranding as Corient, a combination, according to the company, of the phrase “client oriented.”

In a little over three years, EQT has gone from zero to some $8 billion in deals around the country. Now the Swedish private equity firm is growing again, launching its first private wealth fund in Australia.

Carlyle has appointed a Franklin Templeton heavyweight to help spearhead its push into private wealth.

Living with purpose sounds like a nice idea, but can often get lost in the stresses and strains of everyday life.