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☆ Here's how the next wave of ETF innovation could hinge on Tuesday's elections results
▼ + stars: | 2024-11-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The ETF industry is gearing up for some potentially seismic changes in 2025 and beyond. Policy changes from the SEC are hard to predict, but the ETF industry appears to sense an opening to push new types of products. Private credit funds One big area of focus for the ETF industry is how to tap into the private credit boom that has become a key part of the U.S. financial system. Fund issuers will need the SEC to bless new types of constructions in order to get a private credit fund approved. "For the most part, private credit is an investment that is limited to sophisticated investors and not retail investors," said Brian Murphy, a partner at law firm Stradley Ronon.

Persons: Republican Donald Trump, Gary Gensler, Kamala Harris, Todd Sohn, Brian Murphy, Stradley, You've, Gerard O'Reilly, What's, Matt Hougan, Harris, Sohn, " Sohn, Bitwise Organizations: Republican, Securities, Exchange, Democratic, SEC, State, Vanguard, BlackRock, Trump, solana

☆ The private credit run isn't over, says Nuveen. Here's how to invest
▼ + stars: | 2024-10-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

There's a lot to like about private credit these days, according to Nuveen. "The private credit run isn't over yet," Saira Malik, the asset manager's chief investment officer and head of equities and fixed income, wrote in a recent report. How to invest While private credit is largely seen as an instrument for institutional investors, individual investors have also been moving into the space. "Over the next 10 years, I think the story is going to be much more about the democratization of private credit." Meanwhile, A-shares of the Franklin BSP Private Credit Fund have a $2,500 minimum investment and a 8.96% annualized distribution rate, as of Oct. 15.

Persons: Saira Malik, Malik, Ken Kencel, Kencel, Credit's, Nuveen, Churchill's, BDC Organizations: Churchill Asset Management, Nuveen, Blackstone Private Credit Fund, Blackstone, Franklin BSP Private Credit Fund, Ares Capital Corp, Fund, Owl Capital Corporation, Lending Corp Locations: Franklin

☆ Park your cash in these 3 places to get higher yields than money-market funds as interest rates fall, according to Goldman Sachs
▼ + stars: | 2024-09-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

3 trades for falling interest ratesFor investors concerned about the yield on their cash, one solution might be ultrashort bond funds. In the last 12 months, ultrashort bond funds have materially outperformed taxable money market funds, returning an average of 6.36% compared to 5.09% for money markets, according to Morningstar. McCarthy recommends investing in a mix of ultrashort securities such as investment-grade corporates, asset-backed securities, and government securities for diversification purposes. AdvertisementThe Nuveen Ultrashort Income ETF (NUSB) and the Goldman Sachs Access Ultrashort Bond ETF (GSST) are examples of ultrashort bond funds. Investors can gain exposure to premium income funds through the SPDR SSGA US Equity Premium Income ETF (SPIN) and JPMorgan Equity Premium Income ETF(JEPI).

Persons: —, Scott Diamond, Brendan McCarthy, Goldman Sachs, Morningstar, McCarthy, Diamond Organizations: Service, Federal Reserve, Equity, Business, Goldman Sachs Asset Management, Bond, Bond ETF, JPMorgan Ultrashort, Investors, JPMorgan Equity Locations: Treasurys

☆ How to position your muni bond portfolio ahead of the election and potential tax law changes
▼ + stars: | 2024-09-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

With the Federal Reserve rate-cutting cycle expected to begin and the November election just around the corner, now could be a good time to invest in municipal bonds. Interest earned on municipal bonds are free from federal tax. Close said he is already seeing financial advisors start to position their muni portfolios in anticipation of changes. Unlike the Treasury market, the muni market yield curve is upward sloping, Close said. In addition, there's room for lower-rated municipalities to outperform, such as A, BBB and high yield, Norton said.

Persons: Matthew Norton, Norton, Dan Close, Close, It's, Paul Malloy, Malloy, it's, Vanguard's Malloy, Nuveen's Organizations: Federal, Democratic, White House, Congress, municipals, Vanguard, BBB, AAA, AA, Treasury, Investment Company Institute, Fed Locations: Nuveen, California , New York, New Jersey, New York, California, AllianceBernstein

☆ Blackstone is doubling down on its efforts to woo the wealthy with 2 new funds, flying in the face of BREIT critics
▼ + stars: | 2024-07-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

AdvertisementBCRED, the firm's first credit fund for individual investors, raised $3.4 billion in this quarter, more than the $1.4 billion raised by BXPE and the $990 million raised by BREIT. AdvertisementSchwarzman combined his analysis of BREIT's success with a rosier picture of the larger macro environment in real estate. Since calling the bottom of the real estate market at the beginning of the year, Blackstone's confidence that inflation is receding has continued to increase, leading to more deployment of capital into real estate. It's also providing more possibilities to exit and realize returns on its real estate assets. The firm, which is deploying nearly $15 billion into real estate this year, according to Gray, sees sunny days ahead.

Persons: —, Steve Schwarzman, Jon Gray, Gray, Blackstone, prorated redemptions, we've, BXPE, prorating, Schwarzman, BREIT, REITs, It's Organizations: Service, Business, Blackstone Infrastructure Partners

☆ With 10% yields, private credit looks attractive, says UBS. What you need to know before investing
▼ + stars: | 2024-06-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

There's a lot to like about private credit right now, according to UBS. "We still have defaults very low on the private credit side, lower than what we're seeing on public. "With private credit, you don't know how things might change going forward," she explained. While there are some good players in private credit, there are others who are not, he said. Investing in BDCs Another way to get exposure to private credit is by investing in the public stocks of the business development companies, or BDCs, that are doing the private lending.

Persons: Leslie Falconio, Falconio, Jamie Dimon, Dimon Organizations: UBS, Blackstone Private Credit Fund, Franklin BSP Private Credit Fund, SEC Locations: UBS Americas, Franklin, BDCs

☆ Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah
▼ + stars: | 2024-06-07 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds using a taxpayer database he had access to. Rupe was working at the IRS' service center in Ogden, Utah, in 2021 when he began the diversion scheme, according to an indictment filed Wednesday. As part of his job, Rupe "had the ability to adjust tax, credits, penalties, and interest to certain taxpayer accounts in an IRS computer database," the indictment said. In April 2022, the indictment says, Rupe accessed a database to transfer $2.02 million in tax credits from oil and gas giant Exxon's taxpayer account to Ex Xo Exteriors Ltd.'s taxpayer account, the indictment alleges. More than a year later, in August 2023, Rupe "accessed an IRS database to transfer the diverted tax credit funds from one tax year to another," the indictment says.

Persons: Rodney Quinn Rupe, Rupe Organizations: IRS, Exxon Mobil, Prosecutors, Treasury, Xo Locations: Utah, Syracuse , Utah, U.S, Salt Lake City, Ogden , Utah

☆ Wall Street ponders what happens to booming private credit market when you-know-what hits the fan
▼ + stars: | 2024-05-24 | by ( Leslie Picker | ) www.cnbc.com time to read: +1 min

The explosion of private credit has been met with a whole host of concerns, but among the louder ones more recently is that the industry has not experienced a downturn at scale. "A lot of those folks who took private-credit loans will be stranded when [obscenity] hits the fan," Dimon said. "Banks tend to work with the borrower and the middle-market loan in the crisis…in the mark-to-market world of private credit, they have to, as a fiduciary, book it at par." In other words, he said, "private credit hasn't dealt with high interest rates, hasn't dealt with the recession, and it hasn't dealt with high spreads." "[Ares has] invested $150 billion into the private-credit market since we founded the firm, and we had a loss rate of one basis point.

Persons: Jamie Dimon, Dimon, Banks, hasn't, Ares, Michael Arougheti, it's, Arougheti Organizations: CNBC, Ares Management Locations: United States, America

☆ Behind the momentum in China market is a 'very great EV story,' analyst says
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBehind the momentum in China market is a 'very great EV story,' analyst saysZerlina Zeng, senior credit analyst at CreditSights, discusses China's electric vehicle sector, and says "it's probably a great equity story in the short term, but over the medium to long term we are a bit concerned on the credit fundamental front."

Persons: Zerlina Zeng, it's Locations: China

☆ UBS is bullish on investment-grade corporate bonds. Here's why
▼ + stars: | 2024-04-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Yields may be down from last year's highs, but there is still plenty for income investors to like about investment-grade corporate bonds, according to UBS. The effective yield on the ICE BofA U.S. Corporate Bond Index , which tracks the performance of U.S. dollar-denominated investment-grade corporate debt, is currently hovering around 5.5%. "This measures IG's return over duration-matched Treasuries, meaning that it's been advantageous to own IG over U.S. government bonds," he added. Inside the investment grade market, UBS prefers the financial sector over nonfinancial issuers, and favors short- and intermediate-term duration. Meanwhile, the spread pickup from A-rated bonds to BBB-rated bonds is historically tight, on average.

Persons: Barry McAlinden, McAlinden, Fitch Organizations: UBS, ICE, Corporate, ., Treasury, Poor's

☆ Private credit may offer high yields, but investors should tread carefully. What to know
▼ + stars: | 2024-02-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Private credit has become a hot investment on Wall Street as institutional investors seek out alternative investments with attractive dividends. "Investors might consider allocating a portion of their portfolio to private credit, depending on their individual risk tolerance, investment horizon and financial goals." Private credit funds have yields generally in the low-teens, although it can vary, he said. In a February report on U.S. life insurance ratings, Fitch Ratings said, "elevated private credit borrower leverage and a relative deterioration in private credit terms and conditions during more competitive lending environments are adding to pressures in the credit quality of private credit assets." The majority of the portfolio is in direct lending private credit, but a portion is also in publicly-traded securities of larger corporate issuers.

Persons: SoFi, Vivek Paul, Paul, Goldman, Greg Olafson, David Solomon, Fitch, Lisa Kwasnowski, Blackstone, Kwasnowski, Chuck Failla, it's, Failla, Oppenheimer, Mitchel Penn, Penn, Ares Capital, They've Organizations: Street, Franklin BSP Private Credit Fund, CNBC, Wall, BlackRock, Research, Management, UBS, Blackstone Private Credit Fund, Sovereign Financial Group, Securities and Exchange Commission, Owl, Golub, Ares, Sixth, SEC Locations: DBRS Morningstar's

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

☆ These stocks are a way for regular investors to buy the private credit boom, Morgan Stanley says
▼ + stars: | 2024-02-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Private credit firms can help companies raise money more quickly and with more flexibility than traditional lenders. Many everyday investors can't buy into big private credit funds, but they can get exposure to the space through the stocks of some of the biggest private lenders. Hamilton still sees upside in buying private credit firms, especially one stock. "Our credit and insurance teams had a remarkable year in 2023, with gross returns of 16.4% in the private credit strategies and 13% in liquid credit. There are also private credit firms that trade outside of the U.S., for investors who are able to buy stocks in foreign markets.

Persons: Matthew Bass, Morgan Stanley, Bruce Hamilton, Hamilton, Blackstone, Jonathan Gray, Morgan Stanley's Organizations: Federal Reserve, Companies, Apollo Global Management, APO, KKR, Intermediate Capital Group Locations: Preqin, U.S

☆ This Morningstar 5-star rated high-yield fund seeks to 'stand out by not fitting in'
▼ + stars: | 2024-02-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Their Corporate Credit Fund, which trades under the ticker BCAAX for retail investors, largely focuses on high-yield bonds. The fund currently holds a little over 70% in high-yield bonds, 10% in cash and about 18% in investment-grade bonds. Another inefficiency the managers exploit is the area between low investment-grade bonds and the higher-rated high-yield market, Zox said. Investment-grade portfolio managers are shying away from the lower rated end of the investment-grade market, and high-yield managers are sticking with the higher rated end of the high-yield market, he explained. "We find better values in the lower rated part of the investment-grade market than the higher rated part of the high-yield market," Zox said.

Persons: John McClain, Bill Zox, aren't, Morningstar, McClain, BCAAX, Franklin Templeton, Zox, We're, they're, Wells, it's Organizations: Brandywine Global, Credit Fund, ICE, U.S, SEC, Morningstar, Brandywine, JPMorgan, Citi, Banco Popular, Investment, — Vector, Vector Group Locations: Brandywine, Diamond, Columbus , Ohio, Puerto Rican, Wells Fargo

☆ Companies are hopeful about the economy again — even if they’re nervous
▼ + stars: | 2024-02-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Earnings season is in full swing, and that means investors get a chance to hear from multinational companies about the state of the global economy. Some of the United States’ biggest companies are in the hot seat to answer questions about the economy, and where it could be headed. Like the rest of the US, companies are watching whether the economy could still tip into a recession as interest rates hover around a 23-year high. Achieving a soft landing, or a situation in which inflation comes down without an economic downturn, looks likely, some companies said. According to the UK government’s own estimates, the checks — including physical inspections from April — will cost British businesses about £330 million ($419 million) annually and increase food inflation by about 0.2 percentage points over three years.

Persons: it’s, ”, Michael Hsu, Kimberly, Clark, Blackstone, Stephen Schwarzman, Christophe Le Caillec, Jim Vondruska, We’re, Robert Isom, Lorenzo Simonelli, Baker Hughes, Alan Schnitzer, Elisabeth Buchwald, “, Christopher Waller, Waller, Hanna Ziady, Read Organizations: CNN Business, Bell, New York CNN, United States ’, American, O'Hare Airport, Travelers Companies, ”, European Union Locations: New York, Chicago , Illinois, United Kingdom, Britain

☆ Investors are shifting into this type of bond fund at the fastest pace in three years
▼ + stars: | 2024-01-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"Bond fund / ETF flows tend to follow returns with about a month lag. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is the top bond ETF by inflows with more than $4.5 billion month to date, according to FactSet. Another notable fund is the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) , which has brought in more than $2 billion. "People have definitely been allocating to investment grade. How fixed income investors react to expected rate cuts from the Federal Reserve is a key question in 2024.

Persons: Yuri Seliger, Bond, Seliger, Stephen Laipply, Laipply Organizations: Bank of, Corporate, Federal Locations: LQD, BlackRock

☆ How private credit became one of the hottest investments on Wall Street
▼ + stars: | 2024-01-22 | by ( Christian Nunley | ) www.cnbc.com time to read: +1 min

Private credit has quickly become one of Wall Street's most popular investment classes in 2023. It also has roots in the Federal Reserve's monetary policy of holding interest rates near 0% for a decade. You won't find private credit funds on Robinhood. "It comes from pension funds, endowments and foundations, insurance companies, retail investors, sovereign wealth investors," Dwin said. Watch the video above to learn more about what private credit is, how it has changed debt markets and the risks involved.

Persons: Damien Dwin, Dwin Organizations: Apollo, Ares Management, Federal, Fed, Lafayette Capital Locations: Robinhood

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ The IRS Froze a Big Tax Credit. It Didn’t Stop All the Money From Flowing.
▼ + stars: | 2023-12-04 | by ( Ruth Simon | ) www.wsj.com time to read: 1 min

The IRS has put a freeze on ERC refunds but that hasn’t stopped financing firms looking to capitalize on the popular pandemic-era tax break. Credit funds, small business lenders and ERC processing firms are all offering bridge loans and cash advances to small businesses waiting for their refunds. Such financing has gotten a boost after the IRS put a moratorium on the ERC program in September.

Persons: hasn’t Organizations: IRS, ERC

☆ Private-asset binge exposes insurance to new risks
▼ + stars: | 2023-11-30 | by ( John Foley | ) www.reuters.com time to read: +7 min

The concept is not new: Warren Buffett’s Berkshire Hathaway (BRKa.N) has used its insurance premiums to help fund everything from railways to cowboy-boot makers. The prospect of insurance companies buying risky loans or private equity investments has raised eyebrows. Many private credit assets, for example, rely on so-called private letter ratings based on confidential data. Given the private nature of private credit, it’s hard to see from the outside how big these risks are, or where they lurk. Besides, even if the share of life insurance assets that are mis-rated or undercapitalized is tiny, smaller insurers could carry more concentrated risk.

Persons: Blackstone, Warren Buffett’s Berkshire Hathaway, Fitch, Kroll, Egan, Jones, DBRS Morningstar, Banks, SVB, Jonathan Guilford, Neil Unmack, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Apollo Global Management, KKR, Global Atlantic, Investments, National Association of Insurance, England’s Everton FC, Rivals, Reuters Graphics Reuters, Federal Reserve, Federal Deposit Insurance Corp, Athene, P Global, Insurance, SVB, Thomson Locations: Global, Delaware , New York, Iowa, New York, London

☆ Blackstone to raise $400 million to boost credit fund's lending power - FT
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing RightsNov 16 (Reuters) - Blackstone (BX.N) is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on Thursday. The private equity firm will sell loans that BCRED owns to the CLO to enhance competitiveness, FT said. Blackstone, which also manages multiple other funds, faced a significant decline in withdrawal requests from Blackstone Real Estate Income Trust (BREIT) in September, Kathleen MacCarthy, its global co-head of real estate, said then. Financial Times had in August reported that Blackstone, , plans to launch a private equity fund for wealthy individuals early next year.

Persons: CLOs, Blackstone, Kathleen MacCarthy, Mrinmay Dey, Dhanya Ann Thoppil Organizations: Blackstone Group, REUTERS, Blackstone, Blackstone Private Credit Fund, Financial Times, The, Reuters, Unified Women’s Healthcare, Blackstone Real, Income, Thomson Locations: New York City, U.S, The New York, Bengaluru

☆ Hong Kong finance summit tiptoes around China
▼ + stars: | 2023-11-09 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +7 min

HONG KONG, Nov 9 (Reuters Breakingviews) - Hong Kong in November enjoys a pleasant climate that some local managers dub “chairman weather”. Hong Kong is hardly a hot destination for financiers right now. Companies raised just $2.7 billion from initial public offerings in Hong Kong in the quarter, a fraction of previous years. Hong Kong officials including John Lee, the territory’s chief executive, have been sanctioned by the U.S.. Follow @peter_tl on XCONTEXT NEWSThe Global Financial Leaders’ Summit was held in Hong Kong from Nov. 6 to Nov. 8.

Persons: Marc Rowan, Colm Kelleher, Morgan Stanley, Goldman Sachs, David Solomon, Jane Fraser, Ken Griffin, Hong, John Lee, Eddie Yue, Kung, Zhang Qingsong, Bob Prince, Mark Wiedman, Apollo’s Rowan, UBS’s Kelleher, Joseph Yam, Una Galani, Thomas Shum Organizations: Reuters, Apollo Global Management, UBS, Monetary Fund, Companies, Citigroup, Citadel, Hong Kong Monetary Authority, Hong Kong’s HK, Exchange, People’s Bank of China, Bridgewater Associates, BlackRock, Goldman, Bank for International, Global, ’, Thomson Locations: HONG KONG, Hong Kong, Europe, U.S, China . Hong Kong, China, People’s Republic, Hong, British, Singapore, BLK.N, ”

The deal represents a bet on energy transition, as power utilities, grid operators and renewable energy developers turn to simulation software to fine-tune use of production capacity and maximize efficiencies. Vista, Blackstone, Riverside and Energy Exemplar declined to comment. Energy Exemplar has grown at an annual compound rate of 30% since 2018 under Riverside's ownership, the sources said. Blackstone is investing in Energy Exemplar through its energy transition arm, which is in the process of raising a new fund. Its previous investments include Transmission Developers, solar mounting firm Esdec, environmental engineering firm Geosyntec, environmental commodity exchange Xpansiv, and renewable energy firm Invenergy.

Persons: Blackstone, Anirban Sen, Edwina Gibbs Organizations: Blackstone Group, REUTERS, Blackstone, Vista Equity Partners, Australia's, . Energy, Riverside Company, Blackstone Energy, Partners, U.S . Securities, Exchange Commission, The, Developers, Foundation, Thomson Locations: New York City, U.S, Vista, Blackstone, Riverside, North Adelaide, The New York, New York

☆ India's top regulators investigating some alternate investment funds -sources
▼ + stars: | 2023-10-17 | by ( Jayshree P Upadhyay | ) www.reuters.com time to read: +3 min

A bird flies past the new logo of the Securities and Exchange Board of India (SEBI) at its headquarters in Mumbai, India, April 19, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsOct 17 (Reuters) - India's markets regulator and its central bank are investigating about a dozen cases of alternate investment funds (AIFs) allegedly being used to circumvent regulations, including "evergreening" of stressed loans, according to three sources with direct knowledge of the matter. The central bank has initiated enquiries into these cases, according to the first and third sources. In other cases under investigation, AIFs have been used to evade caps on foreign investment in certain sectors, the first and third sources said. Priority payouts are when an investment is split into senior and junior tranches based on the risk and priority of payout.

Persons: Francis Mascarenhas, Ananth Narayan, AIFs, Jayshree, Jamie Freed Organizations: Securities and Exchange Board of India, REUTERS, Securities, Exchange Board of India, Reserve Bank of India, AIFs, Thomson Locations: Mumbai, India

☆ Want to retire in 5 years? Here’s how to invest for it, according to the pros
▼ + stars: | 2023-10-16 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

So, what are the best investment strategies if you are looking to retire in around five years' time? This calls for a much higher exposure to riskier assets like stocks, says Stevenson. Stock/bond/cash split When deciding how to plan assets across stocks, bonds and cash, the pros say an appropriate balance between short-term stability and long-term growth potential is key. For someone in their 50s looking to retire soon, Ward suggests allocating 65%-85% of their assets to stocks and the remaining 15%-35% in bonds. Bullish on Japan, tech plays Within each asset allocation, the importance of diversification should not be overlooked, according to the pros.

Persons: Tom Stevenson, Stevenson, Thomas Poullaouec, Rowe Price, Laith Khalaf, AJ Bell, Fidelity's Stevenson, Fidelity's Stevenson reckons, Judith Ward, Ward, Poullaouec Organizations: Fidelity International Locations: Bullish, Japan, China, Europe

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