Sign up for market insights, wealth management practice essentials and industry updates. sean@thedailyupside.com If private placements are the latest investments flooding Wall Street, BlackRock’s Larry Fink is about to make it rain. The CEO of the world’s largest asset manager announced three mega deals this year, including an almost $12 billion buyout of the New York-based private-credit manager HPS Investment Partners this week. BlackRock manages some $11.5 trillion in assets overall, and...

Bitcoin’s back, baby. The price of the largest cryptocurrency is flirting with all-time highs ahead of an election that may be a turning point for the future of digital assets. Former President Donald Trump said he would take crypto “to the moon” at a convention in July, and cement the US as a global leader. Vice President Kamala Harris’ campaign also warmed up to the industry in recent weeks, saying her administration would foster innovation. In case you couldn’t guess, “Big Crypto” has...

Sign up for market insights, wealth management practice essentials and industry updates. sean@thedailyupside.com Sure, Ethereum ETFs were never going to blow past Bitcoin fund launches, but they haven’t lived up to analysts’ expectations ether. The funds that track the second-largest cryptocurrency were off to the races in late July, vacuuming up $1 billion in assets on opening day. It was a promising curtain-opener that saw a handful break into the top 50 highest-traded debuts on record....

Sign up for market insights, wealth management practice essentials and industry updates. sean@thedailyupside.com The universe’s largest asset manager has a new crown. BlackRock has surpassed Grayscale as the leading manager of on-chain capital as its lineup of exchange-traded funds — including the largest Bitcoin product on the market — continues to impress. The undisputed asset management king now has $23.3 billion on the blockchain, outpacing Grayscale’s $22.7 billion, according to data...

A bear market could lead to more hands-on investing, but advisers haven't had to beat the market in more than a decade MAR 23, 2020 This article is part of a series of special reports entitled “The New Normal” appearing in the March 30, 2020, edition of InvestmentNews. As the COVID-19 virus upends global markets, advisers have adapted quickly to new realities like teleconferencing with clients and increased market volatility. The next transformation, however, may be a larger one: from...