Alternatives Financial News
17.11 / 09:54
Blockchain
industry
jp morgan
Alternatives
Wealth Management
KKR
tokenisation
JP Morgan and Apollo unveil tokenisation project to expand access to private assets
This proof of concept, developed in collaboration with WisdomTree, is one of several industry pilots that are taking place under Project Guardian.
13.11 / 20:17
Alternatives
private equity
Pantheon
open
Pantheon expands wealth offering with launch of open-ended private equity fund
The fund is the latest addition to Pantheon's $7bn global private wealth platform, which offers a range of evergreen fund solutions, including the $2.4bn AMG Pantheon fund: Credit: iStock
06.11 / 16:03
M&G
Alternatives
private markets
prudential
private credit
M&G launches €500m private credit ELTIF
Although the strategy will initially only be available for professional investors, the asset manager said it has plans to widen access in early 2024.
24.10 / 11:07
companies
Debt
credit
Alternatives
Schroders Capital creates $30bn private debt and credit alternatives business
The unit will be led by Michelle Russell-Dowe and Stephan Ruoff, who will serve as co-heads.
19.10 / 12:47
acquisitions
companies
Alternatives
Man Group
Inflows
Time
Man Group AUM surpasses $160bn for the first time
Robyn Grew (pictured) took over as CEO of Man Group at the start of September.
17.10 / 14:33
Real Estate
Interest rates
hedge funds
Alternatives
private equity
Global alternatives industry poised for slower growth as macro headwinds bite
Global private capital fundraising is set to reach just $1.49trn by 2028, from $1.32trn in 2022, a considerable slowdown after receiving a wave of money in the past decade.
16.10 / 08:07
Investment trusts
Alternatives
Hipgnosis Songs Fund
dividend
Hipgnosis
Royalties
Hipgnosis pulls dividend as expected retroactive royalties halve
Hipgnosis Songs fund CEO Merck Mercuriadis (pictured)
12.10 / 15:41
Unit trusts/OEICs
Alternatives
multi-asset
MPs
Schroders launches alternatives fund for MPS investors
Alex Funk (pictured) is chief investment officer of Schroder Investment Solutions.
10.10 / 10:31
companies
funds
Alternatives
private markets
Fidelity International
Brown Shipley parent partners with Moonfare to expand private markets access
Initially, clients will be offered private equity and infrastructure strategies selected and approved by Quintet Group.
09.10 / 14:51
regulation
cryptoassets
Financial Services
Alternatives
financial promotions
FCA sends 146 alerts in first day of crypto promotion regime
'We expect businesses including social media platforms, app stores, search engines, domain name registrars and payments firms to consider the alerts we have issued and play their part in protecting UK consumers from illegal promotions.'
04.10 / 14:11
partnerships
Wealth managers
Alternatives
Wellington Management
Wellington Management partners with iCapital to bring alternatives offering to wealth managers
As part of the collaboration, iCapital will leverage its technological capabilities to distribute Wellington’s alternatives range to wealth managers around the world.
03.10 / 14:19
Reuters
Venture Capital
companies
Abrdn
Alternatives
private equity
Boutique
abrdn completes sale of $4bn US private equity and venture capital business to alternatives boutique
abrdn said the sale underlines its commitment to exit non-core businesses that 'no longer align to its overall offering or product strategy'.
03.10 / 09:23
Investment trusts
Alternatives
schroders
private equity
valuations
committee
Schroder British Opportunities creates valuations committee
SBO said the decision to form the committee 'recognises the importance of the board's oversight role on valuations and the need for shareholders to have confidence in the outcomes'.
02.10 / 14:21
Investment trusts
Alternatives
regulatory approval
regulatory
Bill Ackman's SPARC vehicle receives regulatory approval
Ackman’s firm, Pershing Square Capital Management, said the SPARC will target companies seeking to raise at least $1.5bn.
29.09 / 08:27
property
Auction
Investment trusts
Alternatives
AEW
social housing
Home REIT
Home REIT offloads 137 properties at average 68% loss
Of the total 137 properties sold, 100 were subject to leases with tenant in liquidation, which will be surrendered prior to completion.
27.09 / 16:19
regulation
financial conduct authority
FCA
Alternatives
private markets
valuations
open
FCA to open review of private markets valuations - reports
The moves comes as regulators have expressed anguish that higher debt financing costs and easy money being withdrawn could lead to a crisis in the private markets.
25.09 / 14:09
People moves
Alternatives
Rathbones
Investec W&I alternatives head Summers to exit for CIO role at Omnis
Andrew Summers (pictured) speaks at the Investment Week Alternatives Summit in May 2023.
14.09 / 14:45
companies
Alternatives
Gresham House
Gresham House sets eyes on long-term ambitions as profits climb
Tony Dalwood, chief executive of Gresham House
11.09 / 15:19
Fidelity
Investment trusts
Alternatives
AJ Bell
private equity
Numis
Interactive Investor
Equity trusts dominate platform most bought lists despite recent alternatives issuance
The most bought lists across AJ Bell, interactive investor and Fidelity’s consistently include well-known names that have amassed a sizable following among retail investors over many years.
11.09 / 08:13
Investment trusts
Alternatives
share price
Schiehallion share price falls 28% despite year-on-year losses narrowing
C shares in the vehicle performed better, down 19.4% over H1, although the discount to net asset value deepened to 50.4%.
07.09 / 10:23
People moves
Alternatives
PGIM
PGIM appoints real estate boss to lead newly-formed private alternatives business
Eric Adler (pictured) is currently the president and CEO of PGIM Real Estate
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