- Naysayers Were Wrong About the 60/40 Portfolio. Here’s Why. “On the equity side, the ‘Magnificent Seven’—Nvidia NVDA, Tesla TSLA, Meta Platforms META, Amazon.com AMZN, Alphabet GOOGL, Microsoft MSFT, and Apple AAPL—racked up gains ranging from 50% to 240%. These double-digit gains powered broad market indexes to more than a 26% gain for the year.” (Morningstar)
- BlackRock Poised to Enter Mega-Alts Mgr League with Infra Deal “The world’s largest asset manager – which built its business on low-cost exchange traded funds – sees its future in higher-fee private markets offerings and is competing with the largest standalone alts players.” (FundFire)
- Hedge funds take on private equity in battle for distressed companies “Some whitelisted lenders have been reluctant to lend more to troubled companies when their investment is already under pressure. Without existing lenders putting in new cash, portfolio companies need their private equity sponsors to permit them to take money from new sources.” (Financial Times)
- Large Backers of Private Equity Are Asking For Their Money Back “Sovereign wealth funds and state pension providers are among investors telling money managers they’ll only commit in their upcoming fund raises if their capital tied up in old funds is released, according to people with knowledge of the matter.” (Bloomberg)
- Want to invest like Yale? Get in line “Enter the private equity fund of funds (FoF). A FoF pools money from dozens of investors, amassing a scale that can meet the high minimum investment requirements of elite private equity funds. Further, the FoF is run by an expert in the industry, one with the connections and analytical horsepower to build a diversified portfolio of such investments. In theory, a FoF is the panacea for private equity investors, offering a solution for individuals aiming to invest like Yale. Sadly, in practice, most FoF often fall short.” (Inside Indiana Business)
- JPMorgan hiring in private-asset push targeting Canada's wealthy “The bank is working on creating new alternative-investment products to offer to major wealth management firms in the country in the first half of this year. High-net worth individuals are the bank’s ultimate target, Travis Hughes, who heads JPMorgan Asset Management in Canada, said.” (Financial Post)
- Brokerage Firms Are Pitching Separately Managed Accounts. Here’s What to Know. “SMAs are growing in popularity as investment minimums fall—and amid a heavy marketing push. Investors can choose from a host of strategies that suits their investment goals and risk profile. They can build balanced portfolios across several asset classes or focus on a single asset class such as domestic and international equities; fixed-income securities, including bond ladders; or tax-advantaged municipal bonds.” (The Wall Street Journal)
- Get Off The 1031 Merry Go Round “What if you want to set things up for beneficiaries who all want to go in different directions with the asset when they receive it? Enter the 721 exchange or UPREIT strategy. A UPREIT is a unique Real Estate Investment Trust (REIT) that allows the exchange of a sale of real estate for shares of ownership of the UPREIT.” (Forbes)
- ETFs, model portfolios among the hottest investment trends for 2024 “Uncertainty and volatility that have kept many investors on the sidelines recently means cash holdings are elevated, but ETFs and model portfolios are likely to be among the temptations to put that cash back to work.” (Wealth Professional)
- How Did the Bucket Portfolios Perform in 2023? “Given that equities performed best in 2023, it’s not surprising that the Aggressive portfolios, which hold roughly 60% of their assets in stocks, outperformed the more conservatively positioned Moderate and Conservative portfolios, which hold roughly 50% and 40% in equities, respectively.”(Morningstar)
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