Rich People Fleeing Private Credit Haven’t Learned Their Lesson

Published on September 24, 2026

The rush for the exits by wealthy investors in private credit funds is far from done. But even as the rich run away from direct lending, they aren’t abandoning alternative assets. Instead, they look to be chasing the next hot thing: infrastructure finance.

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Long Bonds vs. Derivative Income: The Income Dilemma

September 24, 2026
We know from recent history why this question feels so timely. Fixed income remains a foundational portfolio building block, offering low-correlated or uncorrelated diversification and downside risk mitigation. However, holding long-dated bonds in recent years has been notoriously painful.

Crypto Doesn’t Need a Whole New Set of Laws

September 24, 2026
For at least eight years, Congress has been trying and (mostly) failing to create a special set of rules for digital assets and the markets they trade on. It’s worth asking how much, if any, of that was advisable.