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Investors kept pouring money into hedge funds in the third quarter even as a spike in interest rates and a tech and AI stock selloff dented returns, pushing industry assets to a record $5.64 trillion, according to HFR. But the pace of growth slowed sharply from a record-setting first half, and the gains were increasingly …

Pocket Storage, in partnership with global real estate investment and asset management firm Forum Partners, has announced a 25,000-square-foot self-storage facility in London Bridge, expanding its strategy of serving densely populated urban markets. The technology-enabled facility will provide approximately 385 units in two phases. Units will range from 10 to 1,000 square feet, targeting small …

William Blair, an investment banking platform, has acquired Armentum Partners, a debt and alternative capital solutions advisory firm, in a deal to broaden the firm’s asset-based lending and monetization capabilities.  The transaction also expands William Blair’s capital markets and debt advisory solutions and marks the firm’s second investment banking acquisition of the year, following its …

55ip, a fintech platform and a subsidiary of JP Morgan Asset Management, is expanding its unified managed account offering for RIA channels.  The platform’s UMA offerings include model portfolios with separately managed accounts from JP Morgan Asset Management and BlackRock.   The firm expects more asset managers to be added later this year.  The offering, 55ip …

Dealmakers are still optimistic about mergers and acquisitions, just a lot less so than a year ago. Economic uncertainty, stubborn valuation gaps and higher financing costs have cooled expectations, while artificial intelligence has shifted from a tool that speeds up deals to the prize buyers are chasing, according to law firm Dykema’s 22nd annual M&A …

DoorDash has agreed to acquire Instacart in a transaction valuing its equity at approximately $17 billion, combining the delivery company’s logistics network with Instacart’s grocery technology and retailer relationships. The agreement values Instacart at $65 a share, a 26% premium to its Oct. 22 closing price, the last trading day before reports of a possible …

The Federal Reserve held its benchmark interest rate steady Wednesday, pausing after September’s increase as policymakers weighed persistent inflation against the effects of higher borrowing costs. The decision has shifted attention to the timing of another potential hike and whether elevated Treasury yields will continue tightening financial conditions on their own. The Federal Open Market …

The Federal Reserve held its benchmark interest rate steady at 3.75% to 4% in a 10-2 vote, with two policymakers favoring a quarter-point increase as inflation remained elevated. Fed Gov. Lisa Cook and Cleveland Fed President Beth Hammack dissented, voting to raise rates. The policy statement described inflation as “elevated” and emphasized the need for …

Ameriprise Financial is retaining a positive perspective about its advisor attrition, as Chief Executive Officer Jim Cracchiolo dismisses criticism from industry recruiters.  “There’s a lot of noise out there from anonymous sources, from recruiters with their own agendas,” Cracchiolo said Thursday on its third-quarter earnings call.  He also reiterated that Ameriprise does not have an advisor retention program and …

Raymond James is feeling “really good” about its pipelines across all channels, as financial advisors benefit from the firm’s technology investment and a wide range of affiliation options, according to Chief Executive Officer Paul Shoukry.  Shoukry said on the firm’s quarterly earnings call for the quarter that ended Sept. 30, that various advisory firms are …

Self-storage remains largely a suburban business, but a growing share of new development is moving into city cores as smaller apartments, renter growth and downtown residential revivals reshape demand, according to a new StorageCafe analysis of Yardi Matrix data. Across the 100 most populous U.S. metros, 59% of self-storage built from 2016 to 2025 went …

KKR has agreed to sell Infinity Transportation to funds managed by Ares Management at an enterprise value of approximately $2.9 billion, transferring a major North American railcar leasing platform to Ares’ infrastructure and insurance investment businesses. The buyers are Ares Infrastructure Equity and Ares Insurance Solutions funds. Atlanta-based Infinity owns and manages approximately 50,000 railcars …

Dealmakers are still optimistic about mergers and acquisitions, just a lot less so than a year ago. Economic uncertainty, stubborn valuation gaps and higher financing costs have cooled expectations, while artificial intelligence has shifted from a tool that speeds up deals to the prize buyers are chasing, according to law firm Dykema’s 22nd annual M&A …

Insurers remain committed to expanding private-market investments but are becoming more selective about deploying capital, according to BlackRock’s 2026 Global Insurance Report, as higher yields reduce pressure to take additional investment risk. The survey found that 76% of respondents expect to increase private-market allocations, down from 94% in 2025. BlackRock said the decline reflects a …

Wealth management firms are continuing to explore how their clients can leverage initial public offerings and how artificial intelligence-related technology will change the advisor-client relationship.   Scott Victoria, President of TradePMR, discusses opportunities ahead for RIAs and how AI plays a role in the evolving wealth space.  Robinhood acquired TradePMR last year.  The following responses have …

Tether and London-based Fasanara Capital have launched StableFund, an evergreen private credit vehicle backed by $400 million in sponsor co-investment and designed to raise as much as $3 billion from outside institutional investors. The fund will invest in short-duration, asset-backed credit opportunities sourced through Fasanara’s global fintech lending network. Its strategy will focus on financing …

The Federal Reserve held its benchmark interest rate steady Wednesday, pausing after September’s increase as policymakers weighed persistent inflation against the effects of higher borrowing costs. The decision has shifted attention to the timing of another potential hike and whether elevated Treasury yields will continue tightening financial conditions on their own. The Federal Open Market …