Carlyle Group LP is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by such managers
According to research from global analytics firm Cerulli Associates, U.S. mutual fund product launches tripled in the second half of 2013, compared to the first half of 2013.
Global investors are moving toward a "risk off" stance, taking on greater protection as the prospect of geopolitical instability grows, according to the BofA Merrill Lynch Fund Manager Survey for March.
"Direct firms continue to benefit from serving a wide array of investors, regardless of wealth or age,"
The remainder of the year is brimming with opportunity, and U.S. Trust, part of Bank of America's private wealth management sector, wants investors to know exactly where to look.
The idea of a virtual currency is clearly an appealing one for those who mistrust their national currency, the traditional banking system, or who seek a means of circumventing inflation or capital controls.