Investors

The NBA's real estate mogul

Luol Deng. Photo: Stacy Revere/Getty Images
Luol Deng. Photo: Stacy Revere/Getty Images

Luol Deng has made $151 million playing basketball during his 15-year NBA career. All the while, he's been investing in real estate, amassing an impressive portfolio worth $125 million.

Why it matters: "Real estate might not be as sexy or generate the headlines of athletes pouring money into tech startups, but the potential returns can be much more lucrative," writes Forbes' Kurt Badenhausen.

Investors demand more access to alternative investments

UBS front
Photo: Fabrice Coffrini/AFP/Getty Images

As deals from venture capital, private equity and real estate firms produce more headlines about billion-dollar deals and millionaire backers, investors are clamoring for ways to sink their teeth into so-called alternative investments. Big banks and asset managers are finding ways to help them do it.

Driving the news: Indexing giant Vanguard Group has reportedly started discussions with private-equity firms about a push further into alternative investments.