Post offices have gained a stamp of approval from the investment management firm, emerging as prime real estate targets for high-net-worth clients. "They have one of the most reliable tenants possible — the U.S. government," said Chris Zand, director of Osterweis Private Client.

New SLK Private Wealth advisers Adam Weinstock and Eleanor Weinstock carry $300 million in client assets.

The investment firm that manages part of the fortune of the Alibaba Group Holding Ltd. chairman sold most of its shares in the alternative asset giant during the fourth quarter.

Jeff Gardner was fired from Bridgewater in December after working there for almost three decades. He made the filing along with Paul Ross, who previously submitted a similar complaint to Bridgewater's board.

A Houston casino mogul and other like-minded business titans have run into powerful forces in the state: morality and politics.

Fund managers are opening the year with growing optimism, although bearishness is growing over China, according to the results of Bank of America's January Global Fund Manager Survey.