National

A newly launched wealth management firm, founded by a group of veteran financial professionals, has entered the market, aiming to deliver tailored, all-encompassing financial services to ultra-high-net-worth families. Five Eleven Partners was established by Andrew Crofton and Scott Essex. Crofton, a former senior executive at Klingenstein Fields Advisors, BNY Mellon, and J.P. Morgan, identified a ...

The Fire & Police Pension Association (FPPA) of Colorado, overseeing $7.4 billion in assets as of September 30, 2024, committed over $550 million in new allocations late last year, per February board meeting materials. This deployment spans a hedge fund plugged into its global equity program and five private market-focused funds. Although the FPPA maintains ...

CME Group and post-trade market infrastructure provider the Depository Trust & Clearing Corporation (DTCC), announced the expansion of their existing cross-margining arrangement, a move they said will benefit users by year end. The proposed enhancement would allow eligible end users at CME Group and the Government Securities Division (GSD) of DTCC Fixed Income Clearing Corporation ...

Garnett Station Partners held the close of its fifth fund at $1.2 billion. GSP 5.0 Fund, LP, its largest to date, was significantly oversubscribed and closed at its hard cap in just four months.  With Fund 5, GSP, which now manages over $3.5 billion in assets, will continue to partner with founders and management teams ...