Diversicare, Noranda lead local gainers in Q3

Hospital names also high on list; some retailers bring up rear
Oct 1, 2014 7:18 AM

Local hedge fund manager: HFT big reason for shutdown

Local investment manager Andrew Cunagin caught the eye of many a market watcher late last week when he said high-frequency trading played a big part in his decision to shut down his Rinehart Capital Partners firm, which had less than $100 million in assets and had consistently posted losses since the end of 2011. In a letter to investors, Cunagin — who is based in downtown's SunTrust Plaza — also railed against the many investors and traders who have lost sight of fundamentals and are becoming more and more speculative.

"The frustrating thing is that this is precisely the time when you shouldn't be giving up," Mr. Rinehart said in the interview. "Anyone who shorted the 'dot coms' in the 90s had bad performance, and those ended up being the trades of the decade."

Sep 8, 2014 7:10 AM

Nashville Area ETF sells another block of shares

Backers hopeful one-year anniversary will lead to more investor commitments
Aug 22, 2014 1:36 PM

Truxton recruits senior VP from Kraft

Wealth advisor, tax specialist also has worked at Regions, SunTrust
Aug 18, 2014 12:52 PM

State commits $80M to PE firm

Milt Capps reports that, as part of an ongoing push to grow its private-equity investments, the Tennessee Consolidated Retirement System recently committed $80 million to the latest fund being raised by big industry player Hellman & Friedman. It's not the first time the state has put its faith in Hellman & Friedman, which also has played a big role in notable deals involving local health care players Emdeon and AmSurg.

Aug 9, 2014 6:32 AM

Diversified Trust adds SVP, VPs

Former Deutsche, Ziff Brothers trader tapped with building firm's local business
Jul 29, 2014 6:52 AM

Compass EMP launches three more ETFs

Brentwood-based investment management firm Compass EMP last week launched three exchange-traded funds that are plays on volatility. The new products take the total number of Compass ETFs and mutual funds to 21. Check out more info here.

Jul 9, 2014 12:34 PM

Wealth Access picks up the pace

The team at investment reporting platform developer Wealth Access says it now aggregates $7 billion in assets for clients and is adding $600 million a month, more than double its 2013 growth pace. The Nashville-based company this spring wrapped up a funding round that pushed its total amount of money raised to more than $3 million.

“Next generation investors bring a different mindset and expectation to wealth management that has multiple technology touch points,” said Benskin. “Wealth Access, with its aggregation capabilities, multi-generational wealth views and collaboration platform can be the ideal solution for advisors looking to better serve their HNW clients and help them educate their children as to what they own, where their wealth is located, and how it all works together in one easy to understand view.”

Jul 9, 2014 6:44 AM

Hedge fund nearly doubles Delek stake

NY firm manages nearly $5B
Jul 8, 2014 12:16 PM

Regions recruits trust SVP

Former tax attorney moves over from Raymond James
Jun 5, 2014 2:33 PM