Morningstar: What advisers need to know about interval funds by Andrea Zander | Apr 12, 2024 Since the global financial crisis, fund managers have explored new vehicles, such as interval funds are unlisted closed-end funds with controlled liquidity, according to Morningstar.
Brookfield Asset Management in talks to buy stake in Castlelake by Andrea Zander | Apr 12, 2024 Brookfield Asset Management is in advanced talks to buy a majority stake in private credit manager Castlelake, according to Bloomberg, citing people with knowledge of the matter.
How affluent investors think about adviser affiliation by Lewis Dayton | Apr 12, 2024 Affiliation with “a large, national organization” is favored among affluent investors currently working with an advisor (39%) and those unadvised (32%), according to a new Cerulli Associates report, titled, Adviser affiliation matters to affluent investors. In both groups, this option is more heavily favored by wealthier respondents, who also tend to skew older, reflecting a greater comfort level with established brands.
How KKR is capitalizing on interest in alternatives by Lewis Dayton | Apr 12, 2024 KKR is projecting that alternative investments, which amounted to $4 trillion in 2022, could be as high as $15 trillion by 2027, going from 2 percent of private wealth investment to 6 percent, writes Kenneth Corbin in a recent story for Barron’s following KKR’s investor day.
Kimberly Ann Flynn made president at XA Investments by Lewis Dayton | Apr 12, 2024 Kimberly Ann Flynn has been promoted to president at XA Investments (XAI).
Fidelity launches three actively managed liquid alternatives ETFs by Released | Apr 12, 2024 Fidelity Investments has announced the launch of three actively managed liquid alternatives (alts) ETFs: Fidelity Dynamic Buffered Equity ETF (FBUF), Fidelity Hedged Equity ETF (FHEQ), and Fidelity Yield Enhanced Equity ETF (FYEE). The options-based ETFs are listed on CBOE and available commission free for individual investors and financial advisors through Fidelity’s online brokerage platforms today, adding to Fidelity’s $14 billion alts lineup.
NorthBridge raises nearly $950m for NB Partners Fund IV, surpassing $800m target by Andrea Zander | Apr 11, 2024 NorthBridge Partners and Park Madison Partners have held a final close of NB Partners Fund IV, LP.
Catalyst Investment Partners closes $186.9m in LP commitments for Catalyst IOS Fund II by Andrea Zander | Apr 11, 2024 Catalyst Investment Partners, a leading IOS-focused investment manager, has held a final close of Catalyst IOS Fund II oversubscribed with $186.9 million in LP commitments.
Alex Craddock joins Citigroup as chief marketing and content officer by Lewis Dayton | Apr 11, 2024 Alex Craddock is joining Citigroup as its new chief marketing and content officer, he announced in a post on LinkedIn.
Krista McCoy joins Petra Funds Group by Lewis Dayton | Apr 11, 2024 Petra Funds Group has hired Krista McCoy to assist in developing Petra’s client acquisition strategy.