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The New Jersey Division of Investment has committed $850 million across five private equity and real estate funds as the $86 billion pension system works toward its strategic allocation targets. NJDI approved $550 million in private equity commitments, led by a $250 million allocation to Tiger Iron Garden Fund, a customized fund-of-one managed by Tiger …

J.P. Morgan Investment Management Inc. is preparing to launch the JPMorgan Real Assets Dedicated Fund, an interval fund organized as a Delaware Statutory Trust, according to a Securities and Exchange Commission filing on Aug. 7, 2026. Alternative asset manager GCM Grosvenor will serve as the fund’s unaffiliated investment subadviser. The strategy aims to deliver current …

Vestmark has been tapped by Vanguard to provide an expanded source of model portfolios to registered investment advisors, as asset classes and service preferences continue to be growing factors for clients.  Vanguard has launched the Vanguard Custom Model Portfolios, which aims to provide advisors with customized portfolios through the firm. Through its partnership, Vestmark will …

OpenWorld Ltd. and Blockchain.com have entered a strategic partnership to expand real-world asset (RWA) tokenization and institutional access across global digital asset markets. As part of the agreement, Blockchain.com has also made a strategic investment in OpenWorld. The multi-year collaboration will integrate Blockchain.com’s trading, liquidity, and balance sheet capabilities directly into OpenWorld’s tokenization and advisory …

Moneris Solutions Corporation, a subsidiary of Royal Bank of Canada and BMO Financial Group, will be acquired by San Francisco-based Francisco Partners for approximately C$2 billion.  As part of the deal, which is expected to close by the end of the first quarter of fiscal 2027 and is valued at about USD $1.44 billion.  Additionally, …

American Family Mutual Insurance Co. has agreed to acquire the Bowhead Specialty Holdings shares it does not already own in an all-cash transaction valued at approximately $1.2 billion. Under the agreement, Bowhead shareholders will receive $34 per share, representing an 11% premium to the specialty insurer’s July 31 closing price. American Family will fund the …

U.S. producer prices were unchanged in July as declining goods costs balanced out increases across services and construction, according to data released by the Bureau of Labor Statistics. The Producer Price Index for final demand remained flat on a seasonally adjusted basis after edging down 0.1% in June and advancing 0.5% in May. Over the …

Executive Summary Japan and the United States recently jointly intervened to support the yen after the currency weakened to nearly ¥164 per dollar, its lowest level in roughly four decades. The operation briefly drove the yen to ¥155.20, its strongest level since May, before it surrendered part of the gain and settled near ¥157.50. The …

Cambridge Investment Research added 189 financial advisors representing approximately $6.8 billion in assets under advisement during the first half of 2026, as industry consolidation pushed more teams to reconsider their affiliations. The recruits brought $55.9 million in annualized revenue to Cambridge’s independent platform. First-quarter additions accounted for $2.6 billion in assets and $24.3 million in …

Vestmark has been tapped by Vanguard to provide an expanded source of model portfolios to registered investment advisors, as asset classes and service preferences continue to be growing factors for clients.  Vanguard has launched the Vanguard Custom Model Portfolios, which aims to provide advisors with customized portfolios through the firm. Through its partnership, Vestmark will …

J.P. Morgan Investment Management Inc. is preparing to launch the JPMorgan Real Assets Dedicated Fund, an interval fund organized as a Delaware Statutory Trust, according to a Securities and Exchange Commission filing on Aug. 7, 2026. Alternative asset manager GCM Grosvenor will serve as the fund’s unaffiliated investment subadviser. The strategy aims to deliver current …

The rapid expansion of artificial intelligence has intensified concerns that energy-hungry data centers will raise electricity bills for households. Michael Underhill, chief investment officer at Capital Innovations, argues that the evidence points elsewhere. Research cited by Underhill suggests large, consistent electricity users can lower average rates by spreading fixed grid costs across a broader customer …

Global hedge funds adjusted their artificial intelligence positions in July as investors shifted their attention from infrastructure spending toward evidence that companies can convert AI investments into revenue and earnings. Managers made measured portfolio changes instead of abandoning the AI trade, according to Hazeltree’s July Data Insights Crowding Report. The rotation coincided with a 20% …

American entrepreneurship maintained a record-setting pace into the second half of 2026, with 553,918 new businesses formed nationwide in July, according to a report released by Registered Agents Inc. The total represents the strongest July on record for business creation, up 6% from July 2025 and 21% from July 2024. Through the first seven months …

U.S. employers unexpectedly shed 23,000 jobs in July, falling far short of the 88,000 gain projected by economic consensus, according to data released by the U.S. Bureau of Labor Statistics. The drop was compounded by sharp downward revisions to prior months. May payroll additions were revised down by 66,000 to 63,000, while June figures were …

Executive Summary Inflation expectations have fallen sharply following last week’s benign CPI and PPI prints, yet the market continues to price a meaningful probability of an interest rate hike by the Federal Reserve — a disconnect that appears mispriced. On balance, the Fed will likely look through the near-term energy spike and hold rates steady …

Global hedge funds adjusted their artificial intelligence positions in July as investors shifted their attention from infrastructure spending toward evidence that companies can convert AI investments into revenue and earnings. Managers made measured portfolio changes instead of abandoning the AI trade, according to Hazeltree’s July Data Insights Crowding Report. The rotation coincided with a 20% …