Pimco is also poised to pounce on portfolios being sold by banks that are retrenching.

Investing in such funds makes sense if you want more risk and illiquidity — and are willing to pay for it.

The investment management firm has been beefing up its staff to capitalize on an asset class with strong investor interest.

Rashawn Russell faces up to 30 years in prison after pleading guilty to his role in a scheme that defrauded nearly 30 investors out of approximately $1.5 million.

If approved, the US spot Bitcoin ETF market has the potential to grow into a $100 billion juggernaut in time, according to Bloomberg Intelligence estimates. 

FS Credit REIT invests in short-term, floating-rate loans. But it notes its strategy is different from many debt funds in the market today.

RIAs using the platform will be able to create white-label fund strategies including on private credit, equity, real estate, venture capital and infrastructure investments for high-net-worth and ultra-high-net-worth clients.

The tax deadlines for reallocating capital gains are approaching.