The joint venture expects to invest $50 million to $200 million per deal, covering a variety of hedge fund strategies.
The bond insurers are also facing downgrades from Moody's Investors Service.
The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.
This year through April, just seven deals for RIAs were struck, in contrast to last year, when 58 deals were struck.
The bond insurers are also facing downgrades from Moody's Investors Service.
The joint venture expects to invest $50 million to $200 million per deal, covering a variety of hedge fund strategies.
The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.
This year through April, just seven deals for RIAs were struck, in contrast to last year, when there were 58 deals.
The SEC has not decided if synthetic guaranteed minimum withdrawal benefits should be be treated as securities.
Alternative asset allocations increased to 28%, compared with 23% in the previous year.
