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JLL Income Property Trust has fully subscribed a $197 million Delaware statutory trust holding 12 properties across industrial, health care and grocery-anchored retail. JLLX Diversified 11, DST includes seven industrial properties totaling 646,000 square feet in Chicago’s O’Hare submarket. It also contains four health care buildings totaling 83,000 square feet in Florida, Massachusetts, Kansas and …

The Dallas Police and Fire Pension System has selected Arrowstreet Capital to manage up to 6% of its portfolio through global equity strategies, replacing an underperforming Manulife Investment Management mandate. Trustees authorized the change at their July meeting following a search that began early this year and included four finalists. Arrowstreet will manage a combination …

Asset-tokenized platform Securitize has launched the Neuberger Securitize High Income Tokenized Fund, marking it as the first high-yield bond fund with investment manager Neuberger Berman.  The fund aims to attract risk-adjusted returns by investing primarily in high-yield and fixed-income investments across public blockchain networks such as Avalanche, Ethereum, Solana, and Sui.  The move comes as …

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 …

Envestnet has purchased wealthtech provider Vestmark to bolster its trading, tax, and artificial intelligence capabilities.  Additionally, the acquisition is set to allow advisors across the wealth management sector to gain broader access to portfolio management, alongside technology support and outsourced investment management services.  Following the acquisition, the combined company will continue to support VestmarkONE and …

CBRE Investment Management has acquired Tenet Equity from funds and accounts managed by Cerberus Capital Management for $1.6 billion, giving the global real assets manager an immediate foothold in the U.S. net-lease market. The acquisition includes a fully leased portfolio of more than 200 properties totaling approximately 12 million square feet across 39 states. The …

The Producer Price Index for final demand increased 0.4% on a seasonally adjusted basis in August, following a 0.1% uptick in July and a 0.1% decline in June. Over the 12 months ended in August, unadjusted final demand prices advanced 5.4%. Rising goods prices powered the bulk of the monthly increase, advancing 1.1% in August …

Executive Summary Federal Reserve Governor Christopher Waller is preaching patience before the central bank’s interest-rate decision next week. The bond market, however, is signaling that policymakers may have less room to wait as stable growth, higher energy prices and fiscal concerns keep upward pressure on Treasury yields. Investors can position for the uncertainty through short-duration …

Envestnet has purchased wealthtech provider Vestmark to bolster its trading, tax, and artificial intelligence capabilities.  Additionally, the acquisition is set to allow advisors across the wealth management sector to gain broader access to portfolio management, alongside technology support and outsourced investment management services.  Following the acquisition, the combined company will continue to support VestmarkONE and …

Hightower Advisors has added a $21.6 billion Massachusetts-based wealth management firm to its W-2 advisory platform, Hightower Signature Wealth.  Boston Hill Advisors, which was founded in 2006, provides investment management, financial planning, retirement planning, insurance solutions, estate and tax planning, and wealth management services.  Boston Hill Advisors has been affiliated with Hightower since 2023, before …

Northampton Capital Partners and Provident Data Centers have formed a joint venture to develop a 54-megawatt turnkey data center in the North Dallas Corridor, seeking to add capacity to one of the nation’s most supply-constrained data-center markets. The facility is expected to be delivered in late 2027. The 74-megawatt site will provide 54 megawatts of …

Partners Group’s infrastructure secondaries strategy is reinvesting in atNorth, taking a 10% stake after the Swiss firm completed the $4 billion sale of the Nordic data center operator to CPP Investments and Equinix. The closing reshaped the ownership announced in February. CPP Investments now holds a 51% controlling interest after committing $1.3 billion, while Equinix …

Headwinds have become “increasingly evident” in business development companies (BDCs), with selective credit issues becoming more prevalent and non-accrual investments increasing, according to ratings agency KBRA. Stress is rising at business development companies, but problems remain concentrated among borrowers and managers rather than signaling a broad private credit downturn, according to KBRA. Median non-accrual investments …

The Producer Price Index for final demand increased 0.4% on a seasonally adjusted basis in August, following a 0.1% uptick in July and a 0.1% decline in June. Over the 12 months ended in August, unadjusted final demand prices advanced 5.4%. Rising goods prices powered the bulk of the monthly increase, advancing 1.1% in August …

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 …

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 Federal Reserve Governor Christopher Waller is preaching patience before the central bank’s interest-rate decision next week. The bond market, however, is signaling that policymakers may have less room to wait as stable growth, higher energy prices and fiscal concerns keep upward pressure on Treasury yields. Investors can position for the uncertainty through short-duration …