Asset Manager Wellington Management Launches First Interval Fund
January 7, 2025
Wellington Management, one of the world’s largest privately owned asset managers with more than $1 trillion under management, announced the...
Mari Nicholson
Mari Nicholson is the managing editor of AltsWire. She reports on alternative investments for retail investors that are distributed via broker-dealers and registered investment advisers, as well as topics that affect these investors, financial advisers, and sponsors. Alternative investment funds covered by AltsWire include real estate investment trusts, business development companies, interval funds, closed-end funds, Delaware statutory trusts, utilized for tax-advantaged 1031 exchanges, qualified opportunity zone funds, as well as other unlisted publicly registered offerings and private placement investments.
Articles
Carson Group Expands Partnership With Cedar Rapids, Las Vegas Offices
January 7, 2025
Wealth advisory firm Carson Group, with $38 billion in assets under management, has fully acquired Carson Wealth Cedar Rapids, including...
NexPoint Expands Self-Storage Platform With Launch of Sixth Storage DST
January 6, 2025
Alternative investment firm NexPoint announced the launch of NexPoint Storage VI DST, a $45 million Delaware statutory trust offering that...
Mill Green Capital Begins Partnership With Prosper Multifamily
January 6, 2025
Mill Green Capital has begun the new year with a new partnership: Prosper Multifamily. Founded by Jeff Sherman and Stuart...
Linsco by LPL Financial Adds Adviser Serving $280 Million in Assets
January 6, 2025
Financial adviser John Somerville has joined LPL’s employee adviser channel, Linsco by LPL Financial, to launch Somerville Wealth Management. He...
Bluerock High Income Institutional Credit Fund Reports 13.7% 2024 Total Return
January 5, 2025
Bluerock High Income Institutional Credit Fund, an income-focused interval fund with a portfolio comprised of pools of diversified collateralized loan...
Prospect Capital Corporation Updates Preferred Stock Series Offerings
January 5, 2025
Prospect Capital Corporation (NASDAQ: PSEC), a publicly traded business development company, has expanded its offering of up to 90 million...
SEC Charges Recidivist for Defrauding Investors Via False, Misleading Statements
January 5, 2025
The U.S. District Court for the Southern District of New York entered a consent judgment on Dec. 30, 2024, against...
Invesco Commercial REIT Revises Stockholder Servicing Fee Cap for Broker-Dealer
January 5, 2025
Invesco Commercial Real Estate Finance Trust Inc., a perpetual life real estate investment trust focused on private credit secured by...
Cetera Networking Agreement to Bolster New England Credit Union Investor Program
January 5, 2025
Lighthouse Credit Union entered into a networking agreement with Cetera Financial Institutions late last month in the delivery of Lighthouse...
RREEF Property Trust Meets Only a Quarter of Redemption Requests in December
January 2, 2025
RREEF Property Trust Inc., a publicly registered daily net asset value real estate investment trust advised by DWS Group, met...
Versus Capital Fund Announces Change to Portfolio Leadership
January 2, 2025
Versus Capital Real Assets Fund LLC, a non-diversified continuously offered closed-end interval fund advised by Versus Capital Advisors LLC, kicked...
LPL Financial Continues to Enhance FinTech, AI Capabilities
January 2, 2025
In 2024, LPL Financial LLC evolved its financial technology, investment solutions, and platform infrastructure. The company said the changes reflect...
Shopoff Sells $9.8M Sacramento Parking Lot Entitled for 48 Townhomes
January 2, 2025
Shopoff Realty Investments, a national manager of opportunistic real estate investments and a sponsor of private placement offerings, has sold...
Cantor Fitzgerald REIT Exercises Fair Value Market Option on Maryland DST, Meets 100% of Repurchase Requests
December 25, 2024
Cantor Fitzgerald Income Trust Inc., a publicly registered non-listed real estate investment trust formerly known as Rodin Global Property Trust,...
J.P. Morgan Securities to Pay $3 Million for Short Interest Reporting Violations
December 25, 2024
The Financial Industry Regulatory Authority announced that it has censured and fined broker-dealer J.P. Morgan Securities, or JPMS, $3 million...
Mountain Dell: DST Fundraise Surpasses $5.3B Halfway Into December
December 23, 2024
Delaware statutory trust offerings have raised approximately $5.14 billion of equity as of Nov. 30, 2024, an 11.8% bump from...
Webinar Recap: A Deeper Dive Into 1031-to-721 Exchange UPREITs
December 23, 2024
If we’ve learned one thing in alternative investments, it’s that change is to be expected and often provides needed and...
Cetera Names New Presidents to Wealth Management and Solutions Divisions
December 23, 2024
Cetera Financial Group announced strategic leadership changes that it said are “aimed at enhancing growth and advancing its adviser-centric platform”...
Wells Fargo, LPL Financial Fined $900K Each for Inaccurate Reporting
December 23, 2024
Two major broker-dealers, Wells Fargo Clearing Services and LPL Financial, have each been censured and fined $900,000 by the Financial...
