The Fifth Circuit Court of Appeals struck down the SEC’s Private Fund Adviser Rules this week, but clients still need transparency.

The pace of buyouts is slowing and some private credit funds are struggling to return cash to their investors.

Portfolio managers have poured money into the active sector for 50 consecutive months after a $22 billion allocation in May, data compiled by Bloomberg Intelligence show.

REITs posted total returns north of 5% for the month, although they remain in negative territory year-to-date.

Daniel Noonan joins the firm from Nuveen, filling a void created by Kimberly LaPointe’s departure in February.

With licenses from FINRA and the SEC, Prometheum hopes to remove barriers preventing RIAs from recommending digital assets. It’s hired Marc Nichols to lead the effort.

The arrangements being negotiated generally involve Fidelity taking 15% of total fund revenue for listing and maintaining ETFs on its platform.