Core Insights - BlackRock Inc. attracted $205 billion in client money during Q3, marking significant growth in private credit and alternative assets [1] - The firm reported net flows of $171 billion into long-term investment funds, surpassing analyst expectations [2] - Total assets under management reached a record $13.5 trillion, driven by market surges [2] Financial Performance - Adjusted earnings per share increased by 1% year-over-year to $11.55, exceeding the average analyst estimate of $11.47 [4] - Revenue rose 25% to $6.5 billion compared to the previous year [4] - Performance fees surged approximately 33% to $516 million, largely due to the private markets business [6] Strategic Moves - BlackRock completed a $12 billion acquisition of HPS Investment Partners, enhancing its position in the alternative asset space [5] - The HPS acquisition added $165 billion in client assets, bringing total alternative assets to $663 billion [6] - The company aims to raise an additional $400 billion by 2030 [6] Market Position - BlackRock's shares increased by 17% over the past year, outperforming the S&P 500 Index's 14% rise [7]

Core Insights - The article discusses the emergence of new funds in response to shifting interest rates, evolving credit markets, and increasing investor interest in alternative assets [1] Group 1: Market Trends - Interest rates have been fluctuating, impacting investment strategies and fund launches [1] - Credit markets are evolving, necessitating new financial products to cater to changing investor needs [1] - There is a growing appetite among investors for alternative assets, prompting the introduction of several new funds [1]

What exactly is it that you feel like investors can't get from a traditional portfolio of stocks and bonds that they need to add alternative assets to that portfolio. >> I think it's a combination of access and then uh outcomes. So just if you think about access, it's very difficult to access most corners of uh the alternative space in public form.And when we talk about alternatives broadly, you're talking about private real estate, private infrastructure, structured finance, private credit, and all things ...

Core Insights - The introduction of alternative assets to mass affluent clients is expected to increase under the Trump administration's SEC, but familiarity with these investments remains low [2] - Eric Pan, CEO of the Investment Company Institute, emphasizes the need for time and education for investors to become comfortable with new asset classes, suggesting the use of traditional products like target-date funds to facilitate this [3] - Transparency in private market products is crucial for attracting more clients to alternatives, as highlighted by BlackRock's COO Rob Goldstein [4] Industry Developments - KKR and Capital Group have launched private credit interval funds, while State Street and Apollo have introduced target-date funds that include exposure to private credit, private equity, and real assets [5] - The challenge of illiquidity in alternative investments is a significant concern, with industry leaders like PIMCO's CEO Emmanuel Roman stressing the need for compensation for long-term investment locks [4]

Wall Street calls it the debasement trade. Investors are pouring money into gold, bitcoin and other alternative assets in reaction to fears over the dollar’s future. https://t.co/gOQY72FiOE ...

Wall Street calls it the debasement trade. Investors are pouring money into gold, bitcoin and other alternative assets in reaction to fears over the dollar’s future. https://t.co/BYN6XQGxyR ...

HASLINDA: PUSHING CLOSER TO A LANDMARK $4,000 AN OUNCE. INJECT FRESH INTO THE FINANCIAL. THIS IS "INSIGHT" WITH HASLINDA AMIN.ALONG WITH GOLD, THE RALLY IS ROLLING ON WITH OPENAI ADDS FUEL TO THE FRIENDSY. AND B. M.I. WHETHER INVESTORS HAVE TO LOOK BEYOND THE YELLOW METAL. FOREIGN INVESTORS ARE RUSHING BACK AND SPEAK TO THE CHAIRMAN OF INTERNATIONAL SERVICES FINANCIAL AND C.E. O. STOCK -- BOMBAY'S STOCK EXCHANGE.HASLINDA: STRAIGHT TOP STORY, RISING POLITICAL RISKS IN THE U.S. AND FRANCE ARE SETTING INVESTOR ...

Core Insights - Franklin Resources, Inc. (BEN) has completed the acquisition of Apera Asset Management, enhancing its global alternative platform and direct lending capabilities in Europe's lower middle market [1][8] Group 1: Acquisition Details - The acquisition increases Franklin Templeton's alternative credit assets under management (AUM) by over $90 billion, bringing the total alternative asset strategies to nearly $270 billion as of September 30, 2025 [2] - Apera's expertise in European private credit complements Franklin Templeton's existing platforms, including Benefit Street Partners in the U.S. and Alcentra in Europe, broadening the firm's geographic reach [3][4] Group 2: Strategic Partnerships and Growth - Franklin Templeton has formed a strategic partnership with Copenhagen Infrastructure Partners, DigitalBridge, and Actis to enhance its infrastructure investment offerings, targeting a $15 trillion investment opportunity in private capital by 2040 [5] - In 2024, the company expanded its partnership with Envestnet, Inc. to provide tax-managed, customized strategies through its Canvas Custom Indexing platform, reinforcing its position as a leading Separately Managed Account provider [6] Group 3: Market Performance - Over the past six months, BEN shares have increased by 41.1%, outperforming the industry average rise of 26.9% [7]

Core Insights - PayPal Holdings Inc. has entered a two-year agreement with Blue Owl Capital to sell approximately $7 billion of Buy Now, Pay Later (BNPL) receivables originated in the US [1][3] - This transaction supports PayPal's balance sheet-light model for credit while allowing the company to maintain full responsibility for customer-facing activities related to its US Pay in 4 BNPL products [2][3] - The financial implications of this deal have already been incorporated into PayPal's Q3 and full-year 2025 guidance for both GAAP and adjusted EPS, as well as adjusted transaction margin dollars [2] Company Overview - PayPal Holdings Inc. operates as a technology platform facilitating digital payments for merchants and consumers globally [4] - Blue Owl Capital Inc. is an alternative asset manager in the US, providing solutions through permanent capital vehicles and long-dated private funds [4] Industry Context - Online consumer financing has been a strategic focus for PayPal since 2008, with the introduction of the Pay in 4 product in 2020, which allows consumers to split eligible purchases into four interest-free payments over six weeks [3] - The BNPL service has shown to drive higher sales for merchants, with consumers opting for BNPL spending over 80% more per transaction compared to standard branded checkout [3]

Core Thesis - T. Rowe Price Group, Inc. is positioned for growth due to a strategic partnership with Goldman Sachs, which aims to enhance its retirement asset management offerings and access to private market assets [2][3][4] Company Overview - T. Rowe Price's share price was $104.86 as of September 17th, with trailing and forward P/E ratios of 11.74 and 10.93 respectively [1] - The company currently offers a dividend yield of 4.8%, making it attractive for income-focused investors [4] Strategic Partnership - The partnership with Goldman Sachs involves co-branded funds and retirement strategies, leveraging T. Rowe Price's asset management platform [2] - Goldman Sachs plans to acquire up to 3.5% of T. Rowe Price's stock, potentially representing a $1 billion investment [3] Market Positioning - The partnership positions both firms to capitalize on the growing trend of integrating alternative assets into retirement plans, enhancing competitiveness in the asset management space [3] - Post-transaction, insiders and institutional investors are expected to control over 87% of T. Rowe Price's float, which may create a structural floor under the stock [3] Investment Outlook - The deal is seen as a meaningful growth catalyst for T. Rowe Price, combining expanded product offerings with a concentrated shareholder base [4] - The current market price is viewed as an attractive entry point for both income-focused and strategic growth investors [4]