Expanded partnership with FIS capitalizes on strengths of both organizations and reflects commitment to invest in the business and enhance delivery of innovative retirement solutions, the firm said.
The firm has historically provided alternative investments in the form of comingled funds, seed opportunities, insurance dedicated funds, CLO warehouses, custom funds and ESG funds.
A Midwestern public safety plan approved a new asset allocation policy that introduces maiden private equity and private debt targets at yesterday’s board meeting.
Cerulli is the latest to question RIAs for ‘not fully understanding’ ESG as an emerging megatrend, which could lead to a potential disconnect with Next Gen investors.