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2 days ago | 
citywire.com | Sam Bojarski |Tania Mitra |Andrew Foerch |Ian Wenik
If step one of bringing private assets to the wealth space was product development, KKR is ready to steam ahead on step two: scaling.
When Doug Krupa, the firm’s head of global wealth solutions in the Americas, joined the firm six years ago, the US business had only five employees; that has grown to about 70 today. Globally, there are more than 100 personnel dedicated to wealth. KKR’s wealth AUM via its K-series is $22bn.
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5 days ago | 
citywire.com | Tania Mitra
Dimensional Fund Advisers (DFA) has once again updated its application requesting to tack ETF share classes to its mutual funds.
‘The revisions to Dimensional’s latest amended application are primarily focused on streamlining reporting requirements related to board consideration, approval. and monitoring of ETF share classes,’ a spokesperson for the firm told Citywire.
This multi-share class structure is one of the most anticipated developments in the asset management industry in 2025.
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5 days ago | 
citywire.com | Tania Mitra
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1 week ago | 
citywire.com | Sam Bojarski |Tania Mitra |Andrew Foerch |Ian Wenik
Wilshire’s head of alternatives manager research, Mark Perry, is looking to RIA partnerships as private assets veer towards individual investors.
In its 28-year history, Wilshire’s alts platform has mostly serviced ‘large, sophisticated’ institutional clients. And while that is still the bulk of the business, Perry told Citywire that the growth of private assets for retail clients cannot be ignored.
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1 week ago | 
citywire.com | Tania Mitra
Vanguard has added four new equity index funds to its Investor Choice program, which gives individual investors the option to choose how they would want to vote on proxy ballots.
The program, launched in 2023, gives individual investors options to choose how they would want their vote to be represented on proxy ballots. It will now have 12 funds with nearly $1tn in assets across 10 million eligible investors during the 2025 proxy season.
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1 week ago | 
citywire.com | Tania Mitra
UBS Asset Management has sold its single manager hedge fund, private credit and commodities platform, O’Connor, to Cantor Fitzgerald. The deal is expected to close in Q4.
The transaction includes six investment strategies from O’Connor with $11bn in AUM. O’Connor’s investment and support teams will move over to Cantor Fitzgerald Asset Management (CFAM) upon the deal closing.
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1 week ago | 
citywire.com | Tania Mitra
JP Morgan Asset Management (JPMAM) is switching portfolio managers on its $11.7bn JPMorgan Mid Cap Growth fund (OSGIX) and $5.3bn JPMorgan Mid Cap Equity fund (JCMAX), according to a filing with the Securities and Exchange Commission.
Daniel Bloomgarden has come off both funds and is taking up a new role within the firm’s multi-asset solutions group as global head of research. He will report to Jamie Kramer, global head of multi–asset solutions at JPMAM.
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1 week ago | 
citywire.com | Sam Bojarski |Tania Mitra |Alec Rich |Andrew Foerch
UBS Asset Management has sold its single manager hedge fund, private credit and commodities platform, O’Connor, to Cantor Fitzgerald. The deal is expected to close in Q4.
The transaction includes six investment strategies from O’Connor with $11bn in AUM. O’Connor’s investment and support teams will move over to Cantor Fitzgerald’s Asset Management (CFAM) upon the deal closing.
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1 week ago | 
citywire.com | Tania Mitra
Morningstar fund analyst Ryan Jackson has left the firm to join Harris Associates as a client account manager.
At Morningstar, Jackson was most recently a senior manager research analyst covering ETFs and passive strategies. He had been with the firm since 2019 after he graduated with a BA degree in finance from the University of Wisconsin-Madison.
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1 week ago | 
citywire.com | Tania Mitra
Private equity giant Blackstone is the lead buyer in a $5bn secondaries transaction with the New York City pension system, Citywire can confirm.
The sale includes 450 individual commitments in 125 funds across 75 PE shops.
