Monday morning briefing – April 8, 2019

A look at why fintech firms’ valuations are surging in Latin America. New hedge funds are raising minimum investment amounts. A look at how liquid alts can add value to an investor’s portfolio. How to establish digital trust. And much more in this week’s briefing.

Economic/industry news

The U.S. unemployment rate was 3.8% in March: Job market bounces back in March with 196,000 gain in payrolls

The Canadian unemployment rate was steady at 5.8% in March: Canada’s job run stalls in March with first drop in seven months 

Financial institutions need to be prepared for a possible no-deal Brexit: Financial firms should prep for “no deal” Brexit: report

Europe holds the largest amount of sustainable investing assets: Global sustainable investment assets grew by a third in 2 years: report

Preparing investors’ portfolios for a slowing global economy, possible recession: Why investors shouldn’t panic over the yield curve inversion

Regulation is required to protect retail investors: Behavioural economics are useful, but regulation is essential: report

News and notes (U.S.)

New hedge funds are raising minimum investment amounts: New hedge fund study shows funds placing premium on strong start

Institutional investors may increase allocation to private capital: Stock market fears push investors toward alternative assets

Blackstone closing in on largest PE fund ever: Blackstone surpasses $22B mark for what could be biggest PE fund ever

BlackRock undergoes massive organizational changes: BlackRock starts big reorg of leadership, units

A review of M&A activity in 2018: 10 charts detailing the state of M&A in 2018

Year-to-date, 73 funds added ESG criteria to their investment strategy: More funds are formally considering ESG in their investment process

Fixed income ETFs continue to attract investor money: Fixed income ETFs received over $34B in flows during Q1

Mutual fund sales and performance figures over the past two weeks: Mutual funds scorecard: April 2 edition

SEC extends deadline for two bitcoin ETF applications: SEC delays decision on 2 bitcoin ETF filings

News and notes (Canada)

A look at how liquid alts can add value to an investor’s portfolio: Investing in liquid alts

Dynamic launches another liquid alt: Dynamic Funds expands its liquid alt offerings

Russell Investments launches liquid alternative fund: Russell Investments launches new Yield Opportunities Pool

Robust equity markets this year have helped defined benefit plans: Canadian pension plans in strong solvency position in Q1 off surging equity markets

Fiera Capital purchases majority stake in Palmer Capital: Fiera acquires 80% stake in Palmer Capital

Canadian ETFs had net inflows in March, led by fixed income: Net inflows for Canadian ETFs hit $1.9 billion in March

On the pulse – New frontiers in fintech

Banks must remain flexible to adapt to the changing technological landscape: Bank strategy in the world of fintech 

The time is now for digitalization: Banks’ digital experiments need to produce results

A look at how banks and fintech firms can work together: Banks and fintech: Why the future looks brighter together

Why machine learning can help in the stock selection process: Machine learning can help with stock selection: study

 A look at why fintech firms’ valuations are surging in Latin America: Why fintech startups are rapidly becoming unicorns in Latin America 

How to establish “digital trust”: How to empower secure collaboration, communication and sharing in financial services

Interest in cryptocurrencies on the rise in private banks: How private banks are demonstrating interest in digital currencies

Bitcoin’s price spikes: Bitcoin surges as cryptocurrency market suddenly springs to life

High-net-worth topics

Careful estate planning an absolute must for high-net-worth families: U.S. billionaires are living longer, making heirs wait

High-net-worth investors show preference for independent advisors: HNW clients favour independents

Polls & surveys – What financials are saying

Most retirement plan participants aren’t saving enough for retirement (Natixis): What retirement plan participants want, need

Canadians need to focus on better tax planning throughout the year (CIBC): CIBC poll finds 63% of Canadians view tax refunds as an unexpected ‘windfall’ 

Advisors should strive to create a great client experience (Cerulli): How focusing on client experience helps advisors get ahead

Teens not confident about their financial futures (Junior Achievement USA and Citizens Bank): When it comes to finance, the kids are not all right: survey

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