Britney Spears‘ conservators filed court papers Friday, requesting a judge allow them to change the way the singer’s money is invested, RadarOnline.com is exclusively reporting.
Andrew M. Wallet and Jamie Spears filed a ex parte petition for order modifying investment strategy. It turns out that the rising stock market has been very good for BritBrit, and the people in charge of her finances want to make sure things continue to move in the right direction.
In documents obtained exclusively by Radar, the conservators reveal that Spears’ vast wealth — held in separate Conservatorship and SJB Trust accounts — is being invested by the firms of Morgan Stanley Smith Barney and Merrill Lynch
And because of “changing market conditions,” the conservators want those investment firms to be able to change their strategy. They asked the court to approve that 50 to 90 percent go into fixed income, five to 35 percent into equities and zero to 20 percent into alternatives including hedge funds and real estate funds. Those “alternative” options had not previously been allowed.
Bottom line, Britney is very, very wealthy and the money continues to pour in.
As Radar has been reporting, the pop princess is very close to signing a multimillion dollar deal for a long term Las Vegas show.