- Trump Vows to Rid SEC of Crypto-Cautious Regulators “The former president also said he would instruct the Treasury to abandon the creation of a central bank digital currency and would appoint a Bitcoin and crypto advisory council. The ‘repression’ of the digital currency sector would end, he vowed." (FundFire)
- Why ETFs Are Scoring Over Mutual Funds “ETFs could be an alternative to open-end mutual funds for retirement account holders who are interested in investing in less illiquid market segments during their wealth accumulation phase.” (Knowledge at Wharton)
- Spot Ether ETFs Face Challenging First Week “ETH prices were also caught in the tech rout this week and the resultant broad market sell-off. On mega-cap earnings disappointments, falling Magnificent Seven stocks saw investors dropping tech-centric and benchmark large-cap equity indexes in favor of cyclical stocks. The de-risking of portfolios often tends to catch cryptocurrencies in the net, given their high-risk nature.” (VettaFi)
- What Kamala Harris’ latest financial disclosure reveals about her investment portfolio “Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners in Jacksonville, Florida, who also reviewed Harris’ financial disclosure, said it makes her ‘heart sing’ to see Harris investing in low-cost passive investment strategies.” (CNBC)
- PE asset-raising narrowly outpaces credit in June “Open-end, closed-end and separately managed accounts (SMAs) saw traction in June as alternative asset managers collected over $65 billion globally, according to the latest AW Research Manager Scorecard. Private equity firms continue to be in the pole position; however, credit funds are closing in as each asset class raised $31 billion and $26 billion, respectively.” (Alternatives Watch)
- KeyBank Says Wealth Strategy Is Paying Off “Key's business strategy includes providing trust and investment management, as well as institutional trust and banking services for individuals, families, business owners and institutions across the wealth spectrum. Within the Key Wealth group, Key Private Client is a mass-affluent business ($250,000 to $2 million in investible assets); Key Private Bank is the HNW segment ($2 million to $10 million); Key Family Wealth covers clients with $10 million-plus, and there is the Institutional Advisory business.” (Family Wealth Report)
- Endowments and foundations question ultra-long-term investing “University endowments and charitable foundations have been increasing their allocations to private markets and other alternative investments, but some in the sector are growing concerned about whether even these ultra-long-term investors should be tying up their capital for so long.” (Financial Times)
- Blue Owl’s co-CEO contends golden age is the wrong framing for private credit boom “The rapid growth in the private credit segment in recent years, now estimated by Preqin at $1.7 trillion, has brought questions about potential cracks. Lipschultz said from his seat, ‘we’re still in a very healthy place’ and he doesn’t see cracks, but added, ‘it doesn’t mean there won’t be someday.’ Blue Owl manages $91.3 billion in credit strategies, including private credit.” (Pensions & Investments)
- NAV REITs Continue to Outperform Traded REITs in Q2 2024 “The Stanger NAV REIT Total Return Index saw a modest gain of 0.3% in the second quarter of 2024, its second consecutive quarter of positive returns and fourth in the past five quarters. Net asset value real estate investment trusts continue to show strong overall performance over the past five years with an annualized return of 7.9%, more than double that of traded REITs.” (The DI Wire)
- ILPA’s NAV Guidelines “ILPA’s newly released NAV guidelines should remove some of the friction between LPs and their managers.” (Private Equity International)
- Wealthy investors help drive surging demand for gold “Opaque private purchases of the haven asset surged to 329 tonnes in the three months to June, almost five times higher than the previous quarter, according to a report by the World Gold Council, an industry promotion group.” (Financial Times)
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