Miriam Gottfried

Natural-gas and electricity distributor UGI Corp. recently received a roughly $9 billion takeover offer from KKR, according to people familiar with the matter.

Investors are holding more than $3 trillion in retail money-market funds (MMFs), creating a challenge for wealth managers trying to persuade clients to move cash into longer-term investments. Cash became especially attractive after interest rates surged in 2022, and MMFs still offer average yields near 3.5% despite subsequent rate cuts. Advisors warn that cash yields could decline further and may fail to outpace inflation, recommending alternatives such as investment-grade corporate bonds, municipal bonds, ultrashort bond funds and buffer exchange-traded funds. Some investors, however, remain skeptical of bonds and complex products, particularly given past market losses and concerns about fees. The debate highlights a broader challenge for wealth managers: convincing cautious investors to accept additional risk in pursuit of potentially higher returns while respecting their need for liquidity and financial security.

The amounts vary widely, with investing strategies that include closed-end funds and options-based income ETFs.

Private-placement life insurance is a customizable insurance contract that allows unlimited investments to grow tax-free.

John and Laura Overdeck’s split could also sway a power struggle atop Two Sigma.

NEWARK, N.J.—Hedge-fund billionaire John Overdeck took to the witness stand last week to explain that he had always shared his riches with his wife, Laura Overdeck.

Hedge-fund billionaire John Overdeck took to the witness stand last week to explain that he had always shared his riches with his wife, Laura Overdeck.

More details of John and Laura Overdeck’s staggering wealth could emerge as she pushes to make additional information public in the trial.

The acrimony between Two Sigma co-founder John Overdeck and his estranged wife, Laura, was on display in the courtroom.

John and Laura Overdeck's divorce is giving the world a peek into the lives of the ultrarich, and the breadth of the onetime couple's enormous wealth at stake in a New Jersey courthouse.