Professional Investors Worry They're Falling Behind in Alts, Survey Finds

More than 90% of institutional investors and advisors say they plan to increase their exposure to private markets in the next two years.

----

Norway Wealth Fund Finds TD Bank an 'Unacceptable Risk'

Norway's $1.9 trillion sovereign wealth fund has placed Toronto-Dominion Bank under observation for a period of four years over financial crime concerns.

----

More Financial Advisers Are Outsourcing Investment Decisions

Assets following model portfolios rose to a record $8 trillion in April.

----

Chime Prices IPO Above Range, Valuing It at $9.8 Billion. The Stock Starts Trading Today.

Chime, a digital bank popular with younger customers, is the latest tech firm to go public. The stock will begin trading Thursday under the ticker symbol CHYM.

----

The Great ETF Fee War Is Over. You Can Still Get Burned.

Last year, the average asset-weighted fee for index funds stood at 0.11%, essentially flat with 2023. A decade ago, the average fee was 0.19%.

----

Financial Services Roundup: Market Talk

UniCredit, Banco BPM and more in the latest Market Talks covering Financial Services.

----

PwC Overhauls U.S. Advisory Arm, Boosts Hiring to Offer More Industry-Specific Services

PricewaterhouseCoopers is overhauling the structure of its U.S. advisory business and hiring for thousands of roles as it sees recovering demand for such services.

----

World Bank Sees U.S. Growth Rate Halving as Tariffs Slow Global Economy

The world's largest economy is expected to grow by just 1.4% in 2025, a sharp deceleration from the 2.8% expansion recorded in 2024.

----

Moody's Sounds Alarm on Private Funds for Individuals

Chasing retail money could pose risks to investors, private funds and the financial system, Moody's said.

----

Brown & Brown Enters $9.83 Billion Deal for Accession Risk Management

Brown & Brown has agreed to acquire Accession Risk Management Group in a cash-and-stock deal worth $9.83 billion, expanding its footprint in insurance distribution and risk specialty.

----

Churchill Raises $1.5 Billion for Second Co-Investment Fund

The Nuveen arm hit the fund's upper limit, collecting more than triple the amount raised for the strategy's debut pool.

----

Withdrawal Requests at Starwood Property Fund Are at $850 Million

The fund sold $1.6 billion worth of property from December to May to meet redemption requests.

----

Property & Casualty Insurance Stocks Fell Monday. Policy Pricing Could Be an Issue.

The selling could reflect profit-taking. There also could be investor concern about weakening pricing of property and casualty insurance policies.

(END) Dow Jones Newswires

June 12, 2025 11:00 ET (15:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.