- Why Private Equity Firms Are Opening the Door to Retail Investors “It's not opening up in full to all retail clients, but it's definitely – in the past, it used to be the preserve of only ultra-high-net-worth individuals, it's kind of opening up to the, call it, mass affluent market now. I think for the private market firms, it's a bit positive, it opens up a new market for them.” (Morningstar)
- Can ETFs Capture Private Equity Markets? “Several firms attempt to replicate PE funds by investing in small- or micro-cap companies, perceived to share similar attributes with private equity. KraneShares just filed for a new ETF that will track an index of small- and midcap stocks thought to be similar, though not identical, to the kinds of companies in buyout funds.” (VettaFi)
- Lazard launches Listed Private Markets fund “Holdings will include investment companies that hold private assets such as investment trusts and REITs as well as private market asset managers. The fund will have 25 to 30 holdings and liquidity through daily dealings and pricings.” (Portfolio Advisor)
- Unpacking the viability of private asset ETFs “’It’s going to be hard. You’re not necessarily going to have daily liquidity. That’s an issue that even unlisted funds have with private credit; being able to service redemption requests. But I wouldn’t put it past ETF engineers, so to speak, to concoct a way to achieve that – but there’s still work to be done in that space,’ he said.” (Money Management)
- Are Covered Call ETFs a Good Investment? “The main advantage of covered call ETF is that it’s all done for you. You don’t have to pick expiration dates and strike prices or spend time selling new options after the previous ones expired. Also, these ETFs could also increase the diversification of your portfolio.” (barchart)
- Managers See Opportunity in Private Asset-Backed Lending “BlackRock and Goldman Sachs Asset Management are some of the biggest names offering clients access to private asset-backed lending. Meanwhile, fixed income specialist TCW is making its first foray into the space, and Janus Henderson has struck a deal to acquire a $6 billion asset-backed lending firm.” (FundFire)
- Partners Group's performance fees hit by slump in private-equity-deals market “The private-equity firm said it expects performance fees will account for just 20% of its overall revenue in 2024, compared to usual rates of 20% to 30%. But the firm said it expects performance fees will account for 25% to 40% of its total revenue in the coming years.” (Dow Jones)
- BlackRock Remains Only Ethereum Buyer Among ETFs “This revelation comes at a challenging time for Ethereum ETFs. The initial excitement surrounding these funds has been dampened by significant outflows. Since their debut in late July, spot Ethereum ETFs have seen nearly $480 million in outflows within their first 30 days of trading.” (TradingView)
- VanEck Shuts Down Ethereum Futures ETF Amidst Struggling Market Conditions “On Friday, asset management firm and exchange-traded fund (ETF) issuer VanEck announced its decision to liquidate its Ethereum Futures ETF (EFUT). According to the official release, shareholders will have the opportunity to sell their shares on the fund’s listing exchange until market close on September 16, 2024.” (Bitcoinist)
- WisdomTree withdraws its Ethereum Trust S-1 registration filing “Asset manager WisdomTree has requested to withdraw its S-1 filing for a spot Ether exchange-traded fund (ETF) with the United States regulator more than three years after initially submitting it.” (Cointelgraph)
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