- Non-Traded Alts Fundraising Totaled $7.6 Billion in January; BDCs, Interval Funds Lead the Way “Alternative investment fundraising totaled $7.6 billion in January, led by non-traded business development companies at an estimated $2.5 billion and interval funds at $1.9 billion. For the month, non-traded real estate investment trusts reported just $317 million of fundraising, as compared to nearly $4.6 billion of fundraising one year ago in January 2023.” (The DI Wire)
- Retail Investors Were Likely Behind The Crypto Market Rally in February, JPMorgan Says “The bank notes that retail-focused platforms such as the Block (SQ), PayPal (PYPL) and Robinhood (HOOD) all saw an increase in trading activity and investor flows in the fourth quarter of 2023. Crypto exchange Coinbase (COIN) also saw an increase in retail investor trading activity in the same period.” (CoinDesk)
- How to Use Alternatives in Your Portfolio “Investors seek out alternatives strategies for various reasons, such as protecting against downside risk, gaining exposure to untapped areas of the market, or enhancing returns. However, they’re more often used as hedge-fund-like strategies instead of a way to gain exposure to broad market performance.” (Morningstar)
- Family offices are going on the offensive, trading cash for alternative assets “The moves are part of a broad shift for family offices, the private investment vehicles for wealthy families, as they move away from public markets toward privates and alternatives — everything from real estate and private equity to direct stakes or ownership in private companies.” (CNBC)
- Managers Test AI on RFPs amid Burnout, Productivity Concerns “The task of responding to these requests, which are often called RFPs and DDQs, is onerous because of the wide range of information institutional investors ask for before making multi-million-dollar allocations, asset management executives said.” (FundFire)
- Investors kick off 2024 with credit mandates “Allocators piled over $7.9 billion across alternative asset classes in January, paying particular attention to multiple opportunities in credit strategies, according to the AW Research Investor Scorecard.” (Alternatives Watch)
- Larry Fink’s Anti-‘Woke’ Critics Confront A Force More Powerful Than Politics “There are few disagreements over green investment that a judiciously deployed $10 trillion can’t heal.” (Forbes)
- Americans' 'love affair' with the stock market is stronger than ever “While a 41% allocation seems unremarkable relative to the classic 60/40 equity-bond allocation recommended by many financial advisors, it reflects a consistent growth pattern since US households' allocations to stocks hit a low of 10% in the early 1980s.” (Business Insider)
- BTC Crosses $55K as Spot Bitcoin ETFs See Record Daily Trading Volume “BlackRock's IBIT led the way with the highest daily volume on February 26th, reaching $1.29 billion, marking a 30% increase from its previous daily record. Fidelity's FBTC followed closely with $576 million. ARKB and BITB also contributed significant volumes of $276 million and $81 million, respectively.” (Yahoo! Finance)
- Advisors Limiting Access to Spot Bitcoin ETFs “Carson Group’s decision to limit financial advisor and investor access to four of the 10 new spot bitcoin ETFs is described by one of the biggest cryptocurrency proponents as a responsible strategy in light of the funds' brief track record and inherent risks.” (ETF.com)
- Is Your Fund Affected by Asset Manager Layoffs? “Many challenges beset asset managers. The most persistent and, from traditional active investors’ standpoint, pernicious one is the accelerating asset exodus from higher-fee active strategies to passive approaches, particularly those sold as exchange-traded funds.” (Morningstar)
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