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Byron Trott, the 62-year-old founder of BDT Capital Partners, has quietly amassed a $3.6 billion fortune, making him as wealthy as some of his better-known clients.
In this week’s fund news, Alerian buys ETF Trends and ETF Database; fund companies are giving VC firms a run for their money; and crypto asset manager Grayscale hires a new head of ETFs.
With a $50 million Series B in the rearview mirror, Altruist hired Grace Mellis as its first chief financial officer and Adam Grealish as its first head of investments.
Wells Fargo, with almost 260,000 employees, will now begin bringing back staffers who had been working remotely starting Oct. 4, while BlackRock also delayed its September deadline.