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Tradeweb to Buy Bond Trading Platform Trumid for $1.97B

Tradeweb to Buy Bond Trading Platform Trumid for $1.97B

Direct Investment | October 22, 2026

Tradeweb Markets Inc. has agreed to buy Trumid Holdings, an electronic credit trading marketplace, for about $1.97 billion. The price includes $1.75 billion for the business and about $220 million for tax assets. Tradeweb will pay about $1.89 billion in cash, mostly from cash on hand, and $82 million in equity. Trumid will move Tradeweb

Builders Pour Money Into AI, but Few Have Fully Integrated It

Builders Pour Money Into AI, but Few Have Fully Integrated It

Alternative Assets | October 22, 2026

Construction companies facing labor shortages, tight margins and more complex projects are spending heavily on artificial intelligence. A new survey from consulting firm BRG suggests the money is producing measurable savings, even as many firms are still working out where AI fits and how to measure its returns. The report, “AI in Construction: Measurable Results,

55ip Bolsters RIA UMA Offering with JP Morgan, BlackRock Models

55ip Bolsters RIA UMA Offering with JP Morgan, BlackRock Models

Asset Management | October 21, 2026

55ip, a fintech platform and a subsidiary of JP Morgan Asset Management, is expanding its unified managed account offering for RIA channels.  The platform’s UMA offerings include model portfolios with separately managed accounts from JP Morgan Asset Management and BlackRock.   The firm expects more asset managers to be added later this year.  The offering, 55ip

Liberty Mutual, Elda River Target $500M in Energy Credit Investments

Liberty Mutual, Elda River Target $500M in Energy Credit Investments

Alternative Assets | October 21, 2026

Liberty Mutual Investments, the investment arm of Liberty Mutual Group, has formed a strategic partnership with Elda River Capital Management targeting up to $500 million in credit investments. The partnership builds on a long-standing relationship between the firms and expands the senior credit solutions Elda River can offer high-quality, middle-market borrowers in energy and infrastructure,