Firms acquiring assets, partnering with banks, to drive portfolios
Regulator details vision for retail funds that hold long-term assets
Both investment grade and speculative companies saw debts decline: S&P
Competition and regulation pressuring firms' margins, earnings
Capital will be deployed to add advisor teams, acquire wealth businesses
Funds shifting asset allocations away from offices, toward private credit
Refinancing activity drove new issue spike, even as defaults rise
Receiver rejected company's $213-million claim against flagship fund
The group called for action on shadow banking reforms in letter to G20
Funds shifted assets to fixed income, away from private equity