NEW YORK--(BUSINESS WIRE)--The sub-adviser of BNY Mellon High Yield Strategies Fund (NYSE: DHF), Alcentra NY, LLC, has changed its name to BSP NY LLC. Accordingly, effective immediately, all references to Alcentra NY, LLC and Alcentra in the fund's documentation are replaced with BSP NY LLC and BSP, respectively. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Investments. BNY Investments is one of the world's largest asset managers. ...

Market Overview - Stocks declined on Tuesday, with the S&P 500 falling over 1% and the Nasdaq dropping approximately 2% due to a selloff in technology stocks [1] - Financial stocks, including Blue Owl Capital, KKR, Apollo Global Management, and BlackRock, also experienced declines as the market reacted to potential software losers from AI [1] Company-Specific Updates - Nvidia's stock fell more than 3% on Tuesday, maintaining a flat performance over the past six months; CEO Jensen Huang denied rumors of a fraying relationship with OpenAI during an interview with Jim Cramer [1] - Eli Lilly's shares dropped nearly 4% ahead of its earnings report, influenced by Novo Nordisk's disappointing guidance for 2026, which included a projected sales decline of 5% to 13% year over year [1] - Novo Nordisk's stock fell over 15% after announcing it expects lower sales in the U.S. due to price pressures and increasing competition, suggesting a potential loss of market share to Eli Lilly [1] Housing Market Insights - Housing-related stocks saw a rally following a report indicating efforts to make entry-level home buying more affordable, involving companies like Lennar and Taylor Morrison Home [1] - Despite the broader market decline, Home Depot's shares rose nearly 1%, indicating potential benefits from a revived housing market [1] Upcoming Earnings Reports - Key earnings reports expected after Tuesday's close include Advanced Micro Devices, Super Micro, Chipotle, Enphase Energy, Amgen, Amcor, Prudential Financial, Mondelez, and Corteva [1] - Notable reports before Wednesday's opening bell include GE Healthcare, Uber, Boston Scientific, Johnson Controls, AbbVie, Bunge, and Fortive [1]

New York —The next evolution of asset management will be “wallet-native,” not just digital, according to Franklin Templeton's head of innovation, Sandy Kaul. Speaking at the Ondo Summit in New York on Tuesday, Kaul said she envisions a future where all financial assets — stocks, bonds, funds, and more — are held and managed through tokenized digital wallets. “The totality of people’s assets is going to be represented in these wallets,” she said. The panel, which included Cynthia Lo Bessette of Fidelity ...

Core Viewpoint - Shares of private-asset managers, including Ares, Apollo, Blue Owl, and Blackstone, experienced a significant decline on Tuesday [1] Group 1: Company Impact - Ares and Apollo, two major players in the private-asset management sector, saw their stock prices drop sharply [1] - Blue Owl and Blackstone also faced similar declines, indicating a broader trend affecting the private-asset management industry [1] Group 2: Industry Trends - The downturn in share prices reflects growing concerns within the private-asset management industry, potentially signaling shifts in investor sentiment [1] - The decline may impact future fundraising and investment strategies for these firms, as market confidence appears to wane [1]

Market Turbulence Ahead? These Income ETFs Can HelpETF Trends is now VettaFi. Read More --Will 2026 see more than average market turbulence? One month in, and there is a case to make. Geopolitical risk already reared its ugly head, with the world entering a new era where nations feel much more free to attack one another. Meanwhile, U.S. central bank independence looks under threat just as the interest rate picture grows muddier than ever. Income ETFs, a very popular fund category in recent years, may offer ...

Core Insights - Silvercrest Asset Management Group Inc. was ranked 6 in Q4 2025 among mid-sized firms in Nasdaq eVestment's Brand Awareness Rankings, which includes nearly 400 firms with AUM between $2.5 billion and $40 billion [1] - The firm reported assets under management of $37.6 billion as of September 30, 2025 [3] Group 1 - The ranking reflects the firm's visibility and engagement with asset owners and consultants on the Nasdaq eVestment platform [1] - Allen Gray, Global Head of Institutional Business, emphasized that brand awareness is built over time through consistent investment outcomes, high-quality client service, and transparency [2] - Silvercrest is focused on expanding its institutional business and strengthening consultant partnerships across various regions [2] Group 2 - Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser [3] - The firm provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors [3] - Silvercrest has multiple offices located in New York, Boston, Virginia, Atlanta, New Jersey, California, and Wisconsin [3]

Group 1 - The article focuses on the asset management sector, providing in-depth analysis of market dynamics [1] - It aims to combine rigorous data analysis with actionable opinions and ratings on ETFs and trending instruments [1] - The initiative is managed by a seasoned financial researcher with proven experience in banking and financial analytics [1] Group 2 - The mission is to deliver valuable, data-driven perspectives to assist investors in making informed decisions [1]

Ares Management Corp (NYSE:ARES) has completed its acquisition of London-based systematic fixed-income manager BlueCove Limited.The BlueCove business will operate as Ares Systematic Credit, the company said in a press release.Ares Systematic Credit is comprised of 60 professionals based in London and specializes in investment and portfolio management, research and engineering. The group will be led by BlueCove's CEO Alex Khein."We are pleased to welcome our new colleagues to Ares as we continue expanding ou ...

Core Insights - Hamilton Lane reported strong financial performance with total management and advisory fees up 11% year over year, and fee-related revenue increased by 31% to $57 million, driven by growth in technology solutions and back-office mandates [1][31] - The company’s total asset footprint reached over $1 trillion, marking a 6% increase year over year, with assets under management (AUM) at $146 billion, reflecting an 8% growth [2] - The partnership with Guardian has officially closed, allowing Hamilton Lane to manage nearly $5 billion of Guardian's private equity portfolio and expect annual commitments of approximately $500 million for at least ten years [8][9] Financial Performance - Year-to-date GAAP EPS was $4.35 based on $183 million of GAAP net income, while non-GAAP EPS was $4.41 based on $240.1 million of adjusted net income [1] - Fee-earning AUM grew to $79.1 billion, an increase of $8.1 billion or 11% year over year, with net quarter-over-quarter growth of $2.7 billion or 4% [10] - The company declared a dividend of $0.54 per share, aiming for a 10% increase over the previous fiscal year [5] Growth Drivers - The Evergreen platform generated over $1.2 billion of net inflows for the quarter, with total Evergreen AUM reaching over $16 billion, representing over 70% year-over-year growth [21] - Specialized funds revenue increased by $35 million or 15% compared to the prior year, driven by the growth of the Evergreen platform [31] - Customized separate accounts fee-earning AUM stood at $41.1 billion, growing $1.3 billion or 3% over the last twelve months [24] Strategic Developments - The partnership with Guardian is expected to enhance Hamilton Lane's revenue through management fees and performance fees aligned with underlying strategies [37] - The company is focused on expanding its product offerings and enhancing distribution for its flagship strategies in both the US and international markets [22][41] - Hamilton Lane is actively investing in technology solutions, such as Pluto Financial Technologies, to improve access to private markets and enhance investor experience [27][28] Market Position - Hamilton Lane continues to be recognized as one of the best places to work in money management, achieving this recognition for the fourteenth consecutive year [7] - The company is positioned to capitalize on the growing demand for private market investments, with a diversified portfolio and a strong pipeline of mandates [25][26] - The firm is optimistic about the exit environment for 2026, anticipating stronger distribution activity as market conditions improve [45]

Financial Data and Key Metrics Changes - Total asset footprint increased to over $1 trillion, representing a 6% year-over-year growth [3] - Assets Under Management (AUM) reached $146 billion, growing by $11 billion or 8% compared to the prior year [4] - Assets Under Advisement (AUA) totaled $871 billion, up $50 billion or 6% year-over-year [4] - Total management and advisory fees increased by 11% year-over-year, with fee-related revenue growing by 31% to $507 million [4][29] - GAAP EPS for the fiscal year-to-date was $4.35, with non-GAAP EPS at $4.41 [5] Business Line Data and Key Metrics Changes - Fee-earning AUM stood at $79.1 billion, growing by $8.1 billion or 11% year-over-year [10] - Specialized funds revenue increased by $35 million or 15% compared to the prior year, driven by growth in the Evergreen Platform [29] - Customized Separate Accounts fee-earning AUM grew to $41.1 billion, up $1.3 billion or 3% year-over-year [23] Market Data and Key Metrics Changes - The Evergreen Platform generated over $1.2 billion of net inflows, with total AUM reaching over $16 billion, representing over 70% year-over-year growth [21] - The international credit Evergreen fund surpassed $2 billion in AUM, with a strong performance and positive net inflows [22] Company Strategy and Development Direction - The strategic partnership with Guardian has closed, overseeing nearly $5 billion of Guardian's private equity portfolio, with expected annual commitments of approximately $500 million for at least 10 years [9] - The company aims to broaden distribution for its flagship strategies and enhance its product offerings in the wealth management sector [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating changing markets and high client expectations, highlighting strong growth and momentum [7] - The exit environment is expected to improve in 2026, with increased distribution activity anticipated [49] Other Important Information - The company has invested in Pluto Financial Technologies to enhance technology solutions in private markets [25][26] - The partnership with Guardian is expected to have initial economic impacts recognized in the fiscal fourth quarter of 2026 [9][33] Q&A Session Summary Question: Product roadmap for wealth in calendar 2026 - Management indicated that while new products will be added, the volume will not match the previous year as focus shifts to scaling existing products [39] Question: Software exposure and AI risk - Management noted that their diversified portfolio mitigates concentration risk in software, and they do not see AI disruption as a significant issue [43][44] Question: Exit activity and industry evolution - Management observed an increase in distribution activity, with a stronger exit environment expected in 2026 [49] Question: Opportunities from the evolving Evergreen Platform - Management discussed the potential for using Evergreen products as tools for portfolio construction and the ongoing education around these products [50][51] Question: Institutional interest in Evergreen products - Management clarified that institutional clients are using Evergreen products for ease of use and tactical portfolio management rather than high redemption rates [56] Question: Market sentiment regarding secondary funds - Management expressed optimism about the secondary market, noting it remains undercapitalized and has significant growth potential [71]