wealthy

The $5 trillion hedge fund industry is backed by some of the biggest pools of money in the world — pensions, endowments, and sovereign wealth funds.But those big-name institutions are facing a cash crunch thanks to capital tied up in illiquid private equity and venture funds. For hedge funds looking…

If you’re looking for art advice, consider asking your bank.Rebekah Bowling, an art advisor at Citi, helps ultra-high-net-worth clients in Citi Wealth manage and build their art collections and knows how hard it can be to make sense of the market. Bank of America, Morgan Stanley, and UBS are among…