Carlyle Group Inc. co-founder David Rubenstein's family office has spun out a team focusing on buying second-hand stakes in private asset vehicles, tapping into the booming market for so-called secondaries.
Wall Street has spent years preparing for $105 trillion to pass from elderly parents to their children, but a different kind of wealth transfer is already underway.
Robinhood Markets Inc.'s co-founders have joined the ranks of the world's richest after their trading firm mounted a comeback as unpredictable as the markets it opened to millions of everyday investors.
A couple of years after dropping out of New York University with dreams of making it big in crypto, Shayne Coplan was so broke that he took an inventory of his Lower East Side apartment so that he could sell belongings to make rent.
New York City developers Marty Burger and Andrew Heiberger are embarking on one of the first office-to-residential conversion projects in an area of Manhattan known as Midtown South.
Brevan Howard Asset Management, which oversees about $34 billion, hired Rajesh Venkataramani, a former partner at Goldman Sachs Group Inc., for a senior investment role at the hedge fund, according to people familiar with the matter.