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1 week ago | 
citywire.com | William Johnson |Tania Mitra
Hamilton Lane has launched a new tender offer fund, the Hamilton Lane Venture Capital and Growth fund (HLVCG).
This is the firm’s fourth tender fund offering in the US. Investors in the fund must be accredited and be classified as qualified purchasers.
HLVCG will focus on technology and will invest in ‘disruptive technologies’ and ‘innovative companies,’ according to a press release announcing the launch. Already have an account?
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1 week ago | 
citywire.com | Ian Wenik |William Johnson |Sam Bojarski
Private credit may be the most popular asset class going. And that’s one reason Liberty Street Funds CEO Timothy Reick is focusing elsewhere.
‘I think we’re going to pass on private credit for now, just because we feel it’s so crowded, it’s tremendously crowded. I’d say 70% of all filings on the interval or tender offer side are private credit,’ Reick (pictured) told Citywire.
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1 week ago | 
citywire.com | William Johnson
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1 week ago | 
citywire.com | Alec Rich |Olivia Bybel |William Johnson |Ian Wenik
Sandy Bolton, a former Merrill Lynch executive who most recently served as head of wealth management solutions for Ameriprise, has struck out on her own with a new venture.
Bolton has founded the New Jersey-based SanWealth Partners, a wholly independent member of the Indivisible Partners network of wealth management firms, an RIA founded by another former Merrill executive, John Thiel.
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1 week ago | 
citywire.com | William Johnson
MFS will be shuffling the management team on its large cap growth strategy.
On June 1, Tim Dittmer will be added to the strategy, which includes the $41.7bn MFS Growth fund (MFEIX) and the $65m MFS Active Growth ETF (MFSG), as well as a $1.9bn variable insurance fund and an SMA.
Dittmer will be the third manager on the strategy alongside Brad Mak and Eric Fischman - for one year.
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2 weeks ago | 
citywire.com | William Johnson
Tim Paulin is keeping busy while waiting on the Securities and Exchange Commission (SEC).
As Touchstone’s senior vice president, investment research, Paulin is analyzing how the firm’s suite of active subadvised funds will adapt to the SEC potentially approving ETF share classes of mutual funds - as well as mutual fund share classes of current ETFs.
While approval is not a done deal yet, Paulin is fairly confident in the direction of travel. Already have an account?
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2 weeks ago | 
citywire.com | William Johnson
Nuveen has launched a new muni market SMA, the firm announced Wednesday.
The Nuveen High Income Municipal SMA is intended to give municipal investors greater exposure to high-yield municipal bonds. The SMA can allocate up to 60% to non-investment grade, high-yield muni debt, while still investing a minimum of 40% in investment grade.
Martin J. Doyle and Patrick R. Maher are listed as managers.
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2 weeks ago | 
citywire.com | John Coumarianos |Sam Bojarski |William Johnson
Trying to second guess Donald Trump is a fool’s errand.
If Wall Street didn’t know this before Liberation Day, it does now.
There was the initial tariff shock, the 90-day pause, the ratcheting up of levies on China to as much as 145%, and now, reportedly these might come down to as ‘low’ as 50%. The tariffs were not a negotiating tactic, then they were always a negotiating tactic. Trump wanted to fire Federal Reserve chair Jerome Powell for not lowering rates, then he decided not to.
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2 weeks ago | 
citywire.com | William Johnson
Wilshire has reshuffled its executive ranks.
The California-based consultant announced on Tuesday that it has promoted deputy CEO and president Jason Schwarz to CEO. Previous CEO Andy Stewart will transition to be executive chairman. Additionally, Hanna Valva and Jason Hubschman will become co-COOs, replacing sole COO Scott Condron, who remains at the firm as a senior advisor.
Schwarz has spent two decades at Wilshire and has served as president and deputy CEO since 2023.
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2 weeks ago | 
citywire.com | William Johnson |Eva Thomas
Virtus Investment Partners plans to launch new ETF that will invest in both public and private credit markets, according to a recent filing with the Securities and Exchange Commission (SEC).
The proposed Virtus IG Public & Private Credit ETF (IGY) is set to launch later this summer. IGY, which does not yet list a management fee, would invest across investment grade corporate bonds as well as mortgage backed securities (MBS) and collateralized loan obligations (CLOs), per the filing.
