What We Got Wrong In 2025

Published on December 22, 2025

Reflections on the unexpected outcomes of an unpredictable year.

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State Street’s Private Credit ETF’s Performance Outshines Its AUM

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While assets under management have grown modestly, the fund’s impressive Sharpe and Information ratios—outperforming the vast majority of its peers—validate the efficacy of its strategic partnership with Apollo.

2025 in Review: The Year in Celebrities and Wealth

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