Alternatives
Tokenization Gets a Boost, but Questions Remain
Regulators are making it easier to tokenize assets, but market structure will have to evolve to support widespread adoption.
News
Alternatives
Opportunity Awaits Asset Owners in Tokenization
Blockchain-based investments could provide liquidity and operational efficiency for institutional investors.
Regulation
CT Governor Signs Bill Banning Digital Assets in State Holdings
H.B. 7082, signed Monday by Ned Lamont, will bar investments in cryptocurrencies and related investments.
Alternatives
How Digital Tokenization May Change Custodians’ Role
Traditional custody banks are getting competition from upstarts.
Regulation
GOP Senators Scale Back Endowment Tax Further
Recent amendments sheltered colleges with fewer than 3,000 tuition-paying students from facing a levy and removed the exclusion of international students from the calculation.
Corporate Moves
Brown Advisory to Acquire Marylebone Partners in International Push
The acquisition of the London-based investment manager will allow Brown to offer endowment-style investments to global clients.
Opinion
Mandates on AI Projects Tighten as Asset Managers Focus on ROI, and Efficiency
Off-the-shelf artificial intelligence tools with domain-specific applications are increasingly being adopted, as firms prioritize faster deployment and lower development overhead.
Regulation
Senate Includes Litigation Funding Levy in Tax Bill
The proposal would create a 41% levy on litigation finance profits, likely reducing the attractiveness of the investment vehicle.
Newsmakers
Former UMD Foundation CIO Named Chief Global Strategist at OCIO Provider Acansa
Sam Gallo had previously served as the CIO the University of Maryland Foundation.
Regulation
Trump, Republicans Agree to Cut Controversial ‘Revenge Tax’
Referred to as Section 899, the provision would have raised taxes on foreign investments in the U.S., which investors said would hurt capital markets.
Newsmakers
Eric Stein Elevated to Voya Investment Management CIO Amid Leadership Shuffle
Stein will be succeeded as the firm’s head of investments and CIO of fixed income by Jeff Hobbs.
Asset Management Culture
Who Works Where?
Data from the CFA Institute and CAIA show where holders of their credentials work or seek to work across the investment universe and around the world.
Alternatives
Congress Eyes Lucrative Tax Break for BDCs
A provision included in the House version of the Republican tax bill—but omitted from the Senate’s version—would benefit the private credit markets.
Newsmakers
NTAM Names Pedro Guazo Head of International, Responsible Investing
Guazo joins Northern Trust Asset Management from his former role as CEO of the United Nations Joint Staff Pension Fund’s investment office.
Asset Allocation
AP7 Dumps $1.3B in Tesla Stock Over Workers’ Rights at 4-Month High
Sweden’s second-largest pension showed that divesting for ESG purposes doesn’t require taking a loss.