Alternative investments

Muni SMAs now hold an estimated $1.3 trillion in assets under management across around 180 managers, per J.P. Morgan. Meanwhile, ETF muni holdings are at $163.1 billion, up 22.4% year-over-year, as of the third quarter of 2025, according to the latest Federal Reserve data.

FINRA arbitrators ordered the wealth manager and closed-end funds manager to pay damages as it resolves outstanding claims stemming from the island’s fiscal crisis.

With interest rates near zero, and expected to remain there. money market funds may no longer be attractive to individual investors.

The two Midwest firms combined to expand their fixed-income capabilities amid rising rates.

After more than three decades in the research and portfolio management trenches, Nguyen will head municipal credit and professional services at Triangle Park.