The Essential

Investor Advocates Ask FASB to Reconsider Guidance on Secondaries

Secondary funds’ returns are “artificially inflated” by the practice, say critics.

Inside Glenview’s Midmonth Reversal

Larry Robbins erased a large first-quarter loss in just two weeks, according to early data. 

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Optimizing the Efficient Frontier: Opportunistic Credit Amid a Capital Structure Reset

Survey: Most Allocators Don’t Understand the Risks in Their Own Portfolios

“The underlying alternatives have gotten so complicated they can’t keep up,” says Clade’s Jonathan Lipton. “AI is the big solution.”

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