You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Oddball Funds Gave Investors Fits “By “oddballs,” I mean funds that utilize approaches that aren’t tethered to the broad stock and bond markets. These types of funds boast high diversification potential and thus, in theory, could nicely complement one’s primary stock and bond allocations. But because they’re idiosyncratic, it’s also possible they could push investors’ buttons, nullifying whatever ...

In addition, the convergence of public and private markets, marked by a surge in mergers and partnerships among traditional and alternative asset managers, was a significant theme. Several products (some as model portfolios, others as semiliquid funds) have already come to market with more on the way . Several major trends were apparent throughout the first full day of the conference, including the coalescence around evergreen funds (interval funds, tender offer funds, BDCs and non-traded REITs) as the ...

Group 1 - The article discusses 10 market themes likely to arise in client conversations for Q4 2025, including potential market pullbacks and broader economic outlooks [1] - State Street's flagship S&P 500 ETF is experiencing record outflows, projected to be the largest annual outflows in history, highlighting competitive pressures in the ETF industry [5] - Bluerock Total Income+ Real Estate Fund received shareholder approval for its listing on the NYSE, with over 81% of votes in favor, indicating strong support for alternative asset management initiatives [12] Group 2 - The growth of private markets is impacting small-cap investing, suggesting that future large companies may not emerge from small-cap public companies [3] - Edward Jones is expanding its separately managed accounts (SMAs) offerings to attract high-net-worth clients, with a target of 300 SMAs available, currently having over 160 [4] - The article emphasizes the importance of distinguishing between different layers of software in the context of AI disruption, noting that infrastructure software may offer more structural value than application software [10]

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletters. A new report from McKinsey & Company shows that asset managers’ global AUM reached a record $147 trillion in June and looks on track to break records for the full year. However, with fundraising for private market investments falling to its lowest level in eight years, asset managers increasingly rely on semiliquid vehicles to drive growth in that segment. And according to a report from consulti ...