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The Fire & Police Pension Association of Colorado disclosed nearly $491 million in new commitments and co-investments as the retirement system expanded its alternative-investment roster and reorganized portions of its hedge fund portfolio. The Denver-based pension investor allocated $336 million to six new manager relationships, committed another $139 million to four existing firms and completed …

Volato Group’s Alignment Engine subsidiary has signed two four-year, take-or-pay AI infrastructure orders totaling about $1.17 billion with an undisclosed large AI customer, providing the newly acquired platform with its first major contracted deployment. The agreements call for phased installation of dedicated, single-tenant GPU clusters at Alignment Engine’s planned Ohio AI infrastructure campus. The first …

Wellesley Hills Financial, a digital investment bank, which serves the lower- to upper-middle market, has launched an advisory practice.  The unit, named WHF Fintech & Payments Institute, provides services to fintech, payments, and B2B software companies.  The Institute team includes senior advisor O.B. Rawls, founding team lead Mark Bishopp, founder and managing member Adam Hark, …

Bitwise Asset Management has brought its crypto model portfolios to Vise Technologies, Inc., making them available to wealth firms using a platform that serves more than 135,000 accounts and has over $140 billion in platform assets. The rollout gives advisors a way to include crypto exposure within a client’s broader portfolio of stocks, bonds and …

Verdence Capital Advisors has acquired Harvest Investment Consultants, adding $564 million in assets under management as the private wealth and multifamily-office firm accelerates its expansion through mergers and acquisitions. Founded in 1987, Harvest provides portfolio management and financial planning to individuals and families. The Hunt Valley, Maryland-based firm’s entire team will join Verdence, including managing …

Maridea Wealth Management has added two affiliated Ohio firms to its national platform, advancing a consolidation strategy that combines investment advice, financial planning, tax capabilities and insurance services under one organization. River Cities Financial Services Ltd. and Dietz, Futrell & Walters Insurance Inc., both based in Marietta, establish Maridea’s first presence in Ohio. Financial terms …

The employment picture and unemployment rate changed little in September, the Bureau of Labor Statistics said Friday. Nonfarm payrolls increased by 29,000 for the month, while the unemployment rate ticked up to 4.2%. CNBC reported that economists surveyed by Dow Jones had predicted 84,000 new jobs and a jobless rate of 4.1%. The government also …

Securities and Exchange Commission staff urged fund managers, boards and auditors to apply greater rigor to the valuation and disclosure of private assets, with particular attention to private credit as registered funds expand their exposure to illiquid loans. SEC chief accountant Kurt Hohl and Brian Daly, director of the division of investment management, said private …

OneVest has launched an AI-powered account-opening system for Canadian wealth management firms that it says can coordinate client onboarding from initial intake through account funding. The system draws on existing documents, advisor notes and customer relationship management data to prepare applications without re-entering information. Advisors and operations staff can also dictate account details. Before submission, …

Verdence Capital Advisors has acquired Harvest Investment Consultants, adding $564 million in assets under management as the private wealth and multifamily-office firm accelerates its expansion through mergers and acquisitions. Founded in 1987, Harvest provides portfolio management and financial planning to individuals and families. The Hunt Valley, Maryland-based firm’s entire team will join Verdence, including managing …

Volato Group’s Alignment Engine subsidiary has signed two four-year, take-or-pay AI infrastructure orders totaling about $1.17 billion with an undisclosed large AI customer, providing the newly acquired platform with its first major contracted deployment. The agreements call for phased installation of dedicated, single-tenant GPU clusters at Alignment Engine’s planned Ohio AI infrastructure campus. The first …

The Depository Trust & Clearing Corporation, a post-trade market infrastructure provider, has made an undisclosed stake in fintech platform iCapital, to broaden its reach to private markets infrastructure.  Through the initiative, DTCC and iCapital have joined forces to reduce workflow hurdles to further help wealth advisors and asset managers gain access to both public and …

Securities and Exchange Commission staff urged fund managers, boards and auditors to apply greater rigor to the valuation and disclosure of private assets, with particular attention to private credit as registered funds expand their exposure to illiquid loans. SEC chief accountant Kurt Hohl and Brian Daly, director of the division of investment management, said private …

Retirement savers are receptive to private market investments and artificial intelligence in workplace plans, but want clearer information and a say in how the tools are used, according to a new Invesco survey. Invesco and Ipsos surveyed 517 U.S. defined contribution plan participants employed by organizations with at least 1,000 workers. The findings gauge participants’ …

Bitwise Asset Management has brought its crypto model portfolios to Vise Technologies, Inc., making them available to wealth firms using a platform that serves more than 135,000 accounts and has over $140 billion in platform assets. The rollout gives advisors a way to include crypto exposure within a client’s broader portfolio of stocks, bonds and …

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 …

Securities and Exchange Commission staff urged fund managers, boards and auditors to apply greater rigor to the valuation and disclosure of private assets, with particular attention to private credit as registered funds expand their exposure to illiquid loans. SEC chief accountant Kurt Hohl and Brian Daly, director of the division of investment management, said private …