By Asset Allocator Journal Staff
Yale’s $2.5 billion sale of private equity stakes is testing the endowment model it helped popularize, per Advisor Perspectives. The deal includes buyout, venture, and growth equity funds, and is among the largest ever by a U.S. university. It may reflect shifting liquidity needs and evolving investment priorities. The sale also gauges secondary market appetite for elite PE holdings.
According to the Financial Times, the U.S. and China resumed high-level economic talks in London as both sides seek to ease tensions. Treasury Secretary Yellen met Chinese Vice Premier He Lifeng to discuss subsidies, overcapacity, and global supply chains. The meetings come amid escalating tariffs and tech restrictions. Markets are closely watching for concrete policy shifts.
WealthManagement.com reports 401(k) recordkeepers are under pressure from rising tech costs, fee compression, and tightening regulations. Some firms are consolidating or pivoting toward wellness and retirement income tools. The Department of Labor’s evolving fiduciary rules add more complexity. Recordkeepers are being pushed to innovate or risk obsolescence.
Baxter has issued a Class I recall for certain Novum IQ syringe pumps after a serious injury, MedTech Dive reports. The recall stems from software errors that can cause improper fluid delivery. Affected devices have been flagged as potentially life-threatening. Healthcare providers are instructed to stop use and await updates.
U.S. Treasuries advanced Monday ahead of a $22 billion 30-year bond auction, according to Advisor Perspectives. The move follows a strong jobs report that briefly undercut rate-cut expectations. Despite macro uncertainty, investor demand for longer maturities appears firm. Inflation and geopolitical concerns continue to shape bond flows.
Meta is investing billions into startups controlling proprietary AI datasets, Advisor Perspectives notes. The company aims to reduce legal risk and improve data quality by avoiding open-source content. This shift could redefine AI development economics. Meta’s strategy seeks to position it at the forefront of the evolving AI data landscape.
Edelman Financial Engines has named Greg Brown, a former Capital Group executive, as president, WealthManagement.com reports. Brown brings experience scaling advisory platforms and managing distribution strategy. His appointment follows recent leadership changes. CEO Larry Raffone emphasized Brown’s role in driving future growth.
Vanguard is mounting a challenge to BlackRock’s ex-China ETF dominance, launching new funds with competitive pricing, per Advisor Perspectives. Investor interest in emerging markets minus China is growing. Vanguard is capitalizing on performance divergences and demand for targeted exposure. The move signals intensifying ETF market competition.
