AlTi Tiedemann Global is offering another on-ramp to the private markets as it collaborates with a vaunted tech investment specialist.On Wednesday, the independent global wealth manager unveiled a partnership with noted technology investor Hiro Tamura to launch a new growth equity strategy focused on private growth-stage technology companies. This move marries Tamura’s expertise with AlTi’s robust platform, aiming to enhance its exposure to private-market investments in the tech sector. With over $70 billion in combined assets, AlTi Tiedemann Global is expanding its footprint in the technology ..read more

Home price increases are good news for real estate investors and existing homeowners, but for those trying to buy, now may not be the right time. The latest reading of the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine census divisions, shows a 6.4% rise in February, picking up pace from January’s 6% rise. Breaking down the stats further, the 10-City Composite was up 8% (7.4% in January) while the 20-City Composite gained 7.3% (6.6% in January). San Diego recorded an 11.4% increase followed by Chicago and Detroit at 8.9%. “On a seasonal adjusted basis ..read more

US-based bitcoin ETFs are encountering an unexpected challenge in the form of digital “gifts” that have accumulated in their cryptocurrency wallets, which they neither purchased nor can sell. Analysis by blockchain analytics firm Arkham Intelligence and the Financial Times has revealed that these ETFs, including those managed by Ark Investment Management and Bitwise Asset Management, have received unwanted digital artworks and tokens. These virtual assets, often featuring whimsical images like frogs vomiting rainbows, are complicating the management of these funds, according to the Times. The ..read more

Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data. Policymakers are expected to reaffirm their stance for higher-for-longer interest rates at the conclusion of a two-day meeting Wednesday. The last time Fed Chair Jerome Powell spoke, he signaled that policymakers were likely to keep borrowing costs high for longer than previously anticipated, pointing to the lack of progress on bringing inflation down, and enduring strength in the labor market. The US non-farm payrolls number due Friday will also be crucial for traders. With the Fe ..read more

State Street has released its third annual private markets survey, highlighting that despite macroeconomic challenges, institutional investors are poised to increase their stakes in private markets significantly over the coming years. The survey included insights from 480 institutional investors across North America, Latin America, Europe, and Asia-Pacific, including asset managers, insurance companies, and asset owners. The study indicates a continuing trend of shifting from public to private assets within portfolio allocations. More than a third of institutions (36 percent) have already allo ..read more

Activity this week in the largest nontraded real estate investment trust, the Blackstone Real Estate Income Trust Inc., is an indication of signs of life in commercial real estate despite interest rates that look like they will remain high for months to come. Blackstone Real Estate Income Trust, known as BREIT, on Thursday said it was selling a portfolio of 19 student housing properties to funds managed by private equity giant KKR for close to $1.64 billion. BREIT originally acquired the student housing portfolio in 2018. Meanwhile, BREIT also recently told investors it was able to meet client ..read more

Music rights investor Concord increased its takeover bid for Hipgnosis Songs Fund Ltd. to $1.51 billion, trumping a rival proposal from Blackstone Inc. Concord has agreed to acquire London-listed Hipgnosis for $1.25 a share, it said in a regulatory filing Wednesday, confirming an earlier Bloomberg News report. That’s up from its previously agreed bid of $1.16 per share. Hipgnosis said its board continues to unanimously recommend shareholders vote in favor of the Concord deal. The revised bid from Nashville-backed Concord, which is backed by Apollo Global Management Inc., is just above Blacksto ..read more

Future Proof, the business-to-business events organizer that broke the mold with its monster gatherings over the past two years, has unveiled plans for its largest and most expansive conference yet. Set to take place in Miami Beach from March 16 to 19 next year, the Future Proof Citywide event is poised to blow up the investment management conference scene in the US, expanding across more than 25 hotels and the iconic South Beach area. The conference will be hosted directly on the beachfront next to Lummus Park, extending from 6th to 10th streets, thanks to special permission from the City of ..read more

For all the debate about Bitcoin being untested and unproven, the jury is not out on the asset class. In fact, the verdict has been returned for over a long, long time, according to Brian Dixon, CEO of Off the Chain Capital. Dixon oversees around $360 million in assets in his SEC-registered RIA/hedge fund, including a sizable position in Bitcoin, which at last check traded at just under $67K a coin, up 51 percent year-to-date, 142 percent in the past year, 1,057 percent in the past 5 years and over 20,300 percent since 2015. Just to remind folks, most financial advisors assess mutual fund ..read more

Alt investment platform and wealth tech provider CAIS has extended its reach across the wealth industry with another significant addition to its network. The leading platform in alternative investments for independent financial advisors has been chosen by Captrust to centralize and enhance the management of their alternative investment offerings. The independent financial advisory firm, managing over $800 billion in client assets, has struck the partnership as it seeks to streamline operations and improve the alternative investing process for their advisors. “We are thrilled to work with CAIS ..read more