85% of financial advisers expect to increase allocations to one or more alternative asset classes by Andrea Zander | Feb 20, 2024 About 85 percent of financial advisers expect to increase allocations to one or more alternative asset classes within the next year.
U.S. higher education endowments report 7.7% return for fiscal year 2023 by Released | Feb 20, 2024 Data from the 2023 NACUBO-Commonfund Study of Endowments® (NCSE) show that the endowments of 688 participating U.S. colleges and universities and affiliated foundations returned 7.7 percent, net of fees, for the fiscal year 2023.
Divcon Controls announces investment from Goldman Sachs Alternatives by Released | Feb 20, 2024 Divcon Controls has received an investment from the Sustainable Investing at Goldman Sachs Alternatives.
Citi Collaborates with Wellington Management, WisdomTree to explore tokenization of private markets by Released | Feb 16, 2024 Citi has completed a proof of concept on tokenization of private funds along with Wellington Management and WisdomTree.
Vista Equity Partners appoints Dan Parant as global head of private wealth solutions by Released | Feb 16, 2024 Vista Equity Partners has appointed Dan Parant as managing director and global head of private wealth solutions.
The ‘retailization’ of private markets in alternatives by Andrea Zander | Feb 16, 2024 Private markets’ assets of all types are being repriced due to valuation and liquidity concerns, according BNY Mellon in its recent report.
Real estate secondary market transaction volume down in 2023 by Andrea Zander | Feb 16, 2024 The real estate secondary market transaction volume in 2023, declined to $9.8 billion in 2023, down 21 percent from the record $12.4 billion in 2022.
Welltower announces planned acquisition of $1b Affinity Active Adult Portfolio by Andrea Zander | Feb 16, 2024 Welltower has plans to form a long-term strategic partnership with Affinity Living Communities.
Tim Rolfs joins DWS Group by Andrea Zander | Feb 16, 2024 Tim Rolfs has joined DWS Group as director, product development of alternatives.
Morgan Stanley to cut 100s of jobs in wealth-management unit by Andrea Zander | Feb 16, 2024 Morgan Stanley is planning to cut hundreds of jobs in its wealth management unit.
Apollo CEO sees substantial pivot from institutions thinking about private by Andrea Zander | Feb 16, 2024 “I believe were moving to a world where public is both safe and risky, and private is safe and risky; and the difference is only a matter of liquidity, said Marc Jeffrey Rowan, CEO, co-founder and director of Apollo Global Management, during the fourth quarter 2023 earnings call.
Versity Student Housing REIT rebrands as Crew Campus, announces acquisition of 297-bed seed asset by Denise Moose | Feb 16, 2024 Versity Invest announced that it has officially begun rebranding as Crew Enterprises. With the launch of its first REIT, Versity elected to rebrand.
iCapital adds portfolio construction tool Architect by Released | Feb 16, 2024 iCapital has added the portfolio construction tool, Architect, on iCapital Marketplace.
The implications of the sunsetting tax cuts and jobs act by Lewis Dayton | Feb 16, 2024 The Tax Cuts and Jobs Act (TCJA), passed in 2017, put into place a series of tax changes that are set to expire at the end of 2025. In a recent blog post, Bryan Strike, director, financial planning research & education, Mercer Advisors goes into detail on the implications of the TCJA phasing out.
Tim Kenrick named vice chair at J.P. Morgan Asset Management by Andrea Zander | Feb 15, 2024 Tim Kenrick has been named the new vice chair of the U.S. adviser business at J.P. Morgan Asset Management.
