Welcome to another edition of the Weekly Alts News Roundup! Get up to speed with quick reads on industry happenings related to interval funds, BDCs, wealthtech, and more.
Top Story: A New Index
One of the biggest stories we’ve been following is the debut of INTVL, a new index for interval funds. Launched by XA Investments, INTVL has a base date of January 1, 2023, and is described as a “rules-based total return index designed to track the performance of non-listed closed-end interval funds and tender offer funds registered under the [40 Act].”
The index is calculated daily on a net total return basis and assumes the reinvestment of distributions. Learn more about the launch of INTVL and explore the new benchmark itself.
Portfolio Model Makeover
Yahoo! Finance reports on a new portfolio model floated by BlackRock CEO Larry Fink: a 50/30/20 model that allocates to stocks, bonds, and private assets like infrastructure, real estate, and private credit. Alts backers have been saying something similar for a while now:
• Forget 60/40. BlackRock’s Larry Fink wants investors to embrace 50/30/20
Wealthtech News
The wealthtech “wave” keeps rolling and is expected to grow thanks in large part to the advent of AI, as The Daily Upside reports:
• Wealthtech Wave to Top $9.4B
Meanwhile some 12,000 Cetera financial advisors are set to benefit from new wealth transfer technology following the independent broker-dealer’s deal with Wealth.com:
• Wealth.com Teams with Cetera to Deliver Estate Planning Tech to Over 12,000 FAs | Connect Money
RIA M&A News
• RIA dealmakers favor longer payouts, retention flexibility amid market volatility |
InvestmentNews
• Waverly buys $110m Florida RIA | Citywire
Quick Reads
• KBRA: BDC Problem Loans Up, But Still Within Manageable Limits | Connect Money
