More than half of UK millionaires in a survey signaled they'd be more likely to leave the country if the Labour government introduces a new wealth tax.
Trez Capital suspended redemptions across five funds as the private real estate manager works through "elevated" withdrawal requests from investors, ongoing loan funding needs and debt workouts.
Goldman Sachs Group Inc. plans to expand its private wealth management team in Australia to capture a boom in self-made multimillionaires and family wealth looking for global investments.
BlackRock Inc. is preparing to roll out a new fund that will buy discounted venture capital stakes from other investors, expanding its push into a hot market.
BlackRock Inc. said it expects to start offering its own target-date retirement funds that include private assets next year, the latest push by the $12.5 trillion money manager to bring alternatives to everyday investors.