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jerryking : bessemer_trust   2

Hedge Funds’ Idea Man - WSJ
Jan. 4, 2016

The 54-year-old Brazilian immigrant is part of a larger ecosystem of consultants who sell their investment beliefs to hedge funds. The funds, hungry for returns or cheap hedges for their portfolios, get fresh ideas that comprise or inform their wagers. The consultants, in exchange, often expect to share in gains tied to their ideas, they and their clients said.....The ideas don’t always result in profits. ...Such arrangements make some veteran investors in hedge funds uneasy.

“If your manager’s renting a lot of ideas, you have to question the value-add they bring to the partnership,” said Chuck Bryceland of New York-based Bessemer Trust, which advises wealthy families and individuals on investments, including in hedge funds. “We want our people generating primary trade ideas and doing the primary work themselves.”
investment_advice  investment_research  ideas  Wall_Street  money_management  private_banking  hedge_funds  shareholder_activism  traders  exclusivity  idea_generation  value_added  financial_advisors  high_net_worth  Bessemer  Bessemer_Trust 
january 2016 by jerryking
Financial Adviser: A New Landscape Of Wealth Managers - Financial Adviser - WSJ
September 28, 2009 | Wall Street Journal | by Kevin Noblet.
"Some of the biggest winners were smaller old-line private banking
outfits, which benefited as last fall’s financial crisis rocked some of
the giants to their core. Bessemer Trust, formed more than 100 years ago
to manage the money of the Phipps family, partners of Andrew Carnegie,
shot up to No. 13 in the ranking from No. 20 last year. Northern Trust,
long a favorite home for Midwest fortunes, climbed from No. 13 to No. 8.
Fiduciary Trust, started during the Great Depression to serve the
anxious rich, leaped to No. 29 from 37."
wealth_management  high_net_worth  financial_advisors  Bessemer_Trust  boutiques  competitive_landscape  decreasing_returns_to_scale  economic_downturn  event-driven  emotional_connections 
september 2009 by jerryking

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