LA asset management firms overseeing more than $4T scramble to recover after wildfires

LA asset management firms overseeing more than T scramble to recover after wildfires

Several workers at Los Angeles-based asset management firms, which in total oversee more than $4 trillion, are scrambling to find new homes — and some of the businesses are seeking new headquarters — after the California wildfires destroyed their properties. Anacapa Advisors, a $60.5 million hedge fund, moved into a new four-story office building in … Read more

LA fires could wreak $50B in damages — most expensive in California history

LA fires could wreak B in damages — most expensive in California history

The devastating fires ripping across Los Angeles could cause more than $50 billion in damages – making them the most costly in state history, according to a report.  Five wildfires are currently tearing through Santa Monica, Malibu and other areas in Los Angeles County that are home to some of the country’s priciest real estate … Read more