Bybit has released the Bybit Rising Fund, a groundbreaking CSR initiative aimed at transforming crypto education across 15+ countries on four continents. From Bolivia and South Africa to the Nordic capitals, this fund focuses on sustainable, education-first partnerships that create lasting community impact.
Debuting as part of Bybit’s World Series of Trading (WSOT) 2025 under the theme “Rewrite & Reshape”, the Rising Fund dedicates part of the prize pool to local educational programs that make blockchain accessible to students, developers and researchers. For the first time, WSOT decentralizes control of these funds, empowering regional teams from Latin America, Southeast Asia, MENA and Europe to co-create scholarships, bootcamps and hackathons tailored to their communities’ needs.
The Rising Funds breaks down barriers with beginner-friendly courses, scholarships for underserved groups and collaborative hackathons fostering innovation.
“Through strategic partnership, Bybit creates lasting value, positioning crypto as a force for real-world utility and social mobility,” said Ben Zhou, co-founder and CEO at Bybit.
Interested participants can find full details on the WSOT 2025 official page. Here
First Trust Advisors L.P. has launched the First Trust RBA Deglobalization ETF, designed to track U.S. companies expected to benefit from the global shift toward local production and reduced reliance on international supply chains. The fund seeks results corresponding to the RBA U.S. Deglobalization Index before fees and expenses.
Deglobalization, marked by declining international trade, investment and dependence on global supply chains, is reshaping the markets.
“DGLO targets companies poised to benefit from this shift, many of which are overlooked by ETFs tracking broad market indices,” said Ryan Issakainen, CFA, Senior Vice President and ETF Strategist at First Trust.
The RBA U.S. Deglobalization Index focuses on U.S.-based companies in sectors such as industrial, energy, materials, aerospace and defense, transportation and cybersecurity, which the index provider believes are positioned to benefit from increased globalization and geopolitical tensions. Companies included must meet specific criteria, including a high percentage of U.S., derived revenue, a positive 23-month forward earnings estimate, a Net Debt-to-EBITDA ratio lower than the sub-industry average and in some cases, exposure to the aerospace and defense sector.
“Investors now have the opportunity to invest in a major structural shift in the economy via a broad range of companies that could benefit from deglobalization,” said Richard Berstein, CEO, CIO at Richard Bernstein Advisors.
Zohran Mamdani’s victory in the New York mayoral primary could trigger an influx of new capital into Miami, as high-net-worth individuals may migrate south to Florida, sources connected to the real estate sector told Funds Society. They added that “there is a silent competition” between New York millionaires and Latin American entrepreneurs for the same apartments in Brickell, Edgewater, Coral Gables, and other high-profile areas.
Miami’s real estate sector is closely watching how this political shift, combined with New York’s tax climate, could benefit the Florida city, while Latin American investors continue to remain active by purchasing premium properties as a way to safeguard their wealth against instability in their home countries.
“Mamdani’s victory has set off alarm bells among many high-net-worth buyers, especially in New York,” said Peggy Olin, luxury real estate expert and CEO of OneWorld Properties, a firm specializing in international real estate.
“We are seeing it firsthand,” she added. “There is a new sense of urgency. For them, Miami stands out as a clear alternative, not only because of its lifestyle or climate, but also due to its more predictable fiscal and regulatory environment. In times of political uncertainty, Miami is not just attractive; it makes sense.”
From the website representing investors in the buying, selling, renting, and management of properties, Miami Riches, its CEO Carlos Rojas, agreed with this assessment: following New York’s election results, “many may see Miami as a more attractive and stable alternative for living or investing.”
“When political discourses change, especially on sensitive issues like taxes or wealth redistribution, those who have worked hard to build wealth, entrepreneurs, businesspeople, and families, pay attention. It’s not about fear; it’s about strategy. Many were already considering Florida, but this political moment is accelerating that conversation.Now they are ready to act,” Olin added.
Florida has no state income tax. “The new mayor’s intention to raise taxes on those earning over one million dollars annually could be another factor motivating” the change of residence, noted the CEO of Miami Riches.
That said, the migration of New Yorkers to Miami is not new. A report published by the Citizens Budget Commission, an independent fiscal organization, showed that in the five years prior to 2022, approximately 30,000 New Yorkers moved to Miami-Dade and Palm Beach counties, representing a loss of $9.2 billion in revenue for New York.
Miami: a mature market with “cash” purchases
“For more than five years, major entrepreneurs have already been seeing areas like Brickell and Downtown as the Manhattan of the South,” described Carlos Mayz, associate realtor at Keller Williams. “Entrepreneurs like Ken Griffin, from Citadel, are moving their main operations to Miami, thereby increasing the current and future demand for housing options and bringing a high standard of living to those who already reside in the city,” he explained.
For the CEO of OneWorld Properties, “the Miami market is in a very strong phase. What may seem like a boom from the outside is actually the result of years of evolution. We continue to see high demand, both from Latin American and U.S. buyers, especially from New York, California, and Chicago. The interesting thing is that everyone is looking for the same: location, quality, lifestyle, and privacy.”
According to Carlos Rojas, the market has the capacity to absorb “both new residents and investors from New York, which could help stabilize prices in South Florida.”
Mayz also spoke about the rising cost of living and rent prices in recent years. “However,” he noted, “the city is also experiencing a boom in new construction, which is expected to meet the demand of new residents. This is where, without a doubt, the luxury market has seen significant growth, and it is what has kept prices in Florida, and specifically in Miami, stable, even more so in the luxury segment.”
According to an analysis by The Wall Street Journal, since February 2025, the number of homes sold for $10 million or more has increased considerably in major U.S. markets, with Palm Beach and Miami-Dade leading the way. Sales in that price range in Palm Beach, Florida, grew by 50% compared to the same period the previous year, while in Miami-Dade County, the increase was 48.5% year over year.
On the other hand, for 16 consecutive years, Florida has been the number-one state for foreign investments, representing 23% of such real estate investments in the U.S. in 2024, ahead of Texas (13%) and California (11%). Likewise, in 2024, New Yorkers accounted for 24% of real estate purchases in Miami from other states, surpassing California (13%) and New Jersey (10%).
Sources consulted by Funds Society reported that in recent months they have observed quick sales, “many in cash”, and, in some cases, above the listing price. “These buyers are not speculating; they are betting on Miami as their next home and life hub,” Olin summarized.
The impact of high interest rates, which is so important for the real estate sector, is limited in the high-end market, which prioritizes location, legal security, and long-term prospects.
Allfunds adds the first funds to its Middle East entity. The strategies, developed in collaboration with Schroders, are designed to enable the seamless distribution of the asset manager’s UCITS funds across jurisdictions, while maintaining regulatory alignment.
“Allfunds is honored to have Schroders as the first partner of its ManCo in the Middle East, reinforcing the longstanding and fruitful relationship between both institutions. This milestone represents our commitment to the region, as well as providing comprehensive fund distribution solutions in the world’s major markets, and demonstrates our ability to navigate complex regulatory environments while delivering value to our clients,” said Yunus Selant, head of MENA at Allfunds.
For his part, Joe Tennant, senior executive director at Schroders, added: “We are very proud to partner with Allfunds to offer three active management solutions in multi-asset, credit, and equities to retail investors in the United Arab Emirates. With over 15 years of presence in the region, this step represents a further commitment to our clients, as we aim to continue contributing to the growth of financial services in the area, placing our clients at the center of everything we do.”
As explained, Allfunds (Middle East) Limited, based in the Dubai International Financial Centre, offers a tailored framework for accessing Middle Eastern markets. Its local presence and regulatory expertise enable fund managers like Schroders to efficiently and compliantly serve onshore retail clients in the UAE. Through this entity, with management companies now operating in both Luxembourg and Dubai, Allfunds provides asset managers with a scalable and compliant platform for global fund distribution, combining local expertise with a unified infrastructure.
Picton’s Latin American network, a major distributor of alternative funds in the region, continues to strengthen. With the opening of its new office in Mexico, the firm now has a presence in the main financial capitals of the neighborhood, adding to the openings of enclaves in Brazil this year and Costa Rica in 2024.
According to a statement, the decision comes six years after beginning to cover the Mexican market and reflects the investment firm’s interest in strengthening its capabilities in the country.
To this end, the firm recruited David López as partner and head for Mexico. The executive brings nearly two decades of experience in the financial industry. According to his LinkedIn profile, he previously spent a decade at Ameris, where he led its Mexican office and served as director of debt. He also worked at BTG Pactual Chile, Euroamerica, and Celfin Capital.
“David brings extensive experience, and his leadership and strategic vision will be fundamental in continuing to expand our presence in this market,” highlighted Picton in its press release.
Office in Brazil
In the case of Brazil, Picton opened the doors of its office at the beginning of 2025. Initially, they detailed, the focus was on the institutional clients and family offices segment, but the firm aims to expand into pension funds, once regulations allow them to invest internationally in alternative assets.
This operation is headed by Marcos Yokota, a professional with over 25 years of experience in the industry, who joined as partner and head for Brazil. Previously, the executive served as head of sales for Brazil at Vinci Compass, where he spent three years. He also worked at Persevera Asset Management, Santa Cruz Investimentos, TCX Planejamento e Gestão de Investimentos, BM&F Bovespa, Vector Investimentos, and JPMorgan, among others, according to his professional profile.
Office in Costa Rica
Recently, Picton has also extended its reach to a region that is increasingly drawing interest: Central America and the Caribbean. As a beachhead in this market, the distributor opened an office in Costa Rica last year.
This operation has been developed by partner Richard Villiers, who has led the expansion into Central America, supporting major institutional investors in the design and implementation of their investment programs in alternative assets, according to the firm.
The professional joined the firm in 2024 as head for Central America and the Caribbean, with a strong track record in asset management. Previously, he worked as a banker at J.P. Morgan and Morgan Stanley, led the private asset investment firm Genera Holdings, and served as CIO and CEO of the single-family office Waverly Group.
International Network
In addition to the heads of Picton’s three most recent offices in Latin America, the firm also recruited Juliana Pacheco in Colombia and Fernando Camino covering Peru. The effort is complemented by the rest of the team led from Chile by Matías Riutort, partner and head of institutional distribution.
“Picton is consolidating as the largest placement agent in the region, with over USD 12 billion raised, coverage across 10 countries, and 5 offices in Latin America,” stated Matías Eguiguren, founding partner and head of institutional distribution.
“We are convinced that these additions will further strengthen our ability to generate value for our partners and deepen our relationships with clients,” he added.
The alternative investments platform iCapital announced the appointment of Sonali Basak as Chief Investment Strategist. In her new position, the former chief Wall Street correspondent for Bloomberg TV will lead and articulate iCapital’s investment outlook, develop data-driven content, and support client decision-making, working closely with them on strategy implementation, the company stated.
“We are very excited to welcome Sonali to iCapital,” said Lawrence Calcano, the firm’s Chairman and CEO. “She is an exceptional thought leader who brings the curiosity of a journalist, the insight of a strategist, and the instinct of a communicator, all of which will help us deepen our dialogue with clients and partners across the industry,” he added.
Basak will be based in New York. According to a post on her personal X profile, she will begin the new role on September 2.
As public and private markets continue to converge and advisors adapt to meet the growing demands of investors, Sonali will play a key role in shaping iCapital’s market outlook and driving meaningful impact across the ecosystem. She is the ideal person to lead this important work and represent iCapital’s voice in the global investment conversation, the executive also said.
“The wealth management industry is undergoing a significant transformation, and individual investors should have greater access to the same opportunities in private markets that have driven institutional returns for decades,” Basak said. “I am thrilled to bring my experience to engage daily with financial advisors, investors, and asset managers. My role will be to provide practical, data-driven insights to iCapital’s clients and partners across public and private markets,” she added.
Sonali Basak most recently served as Global Finance Correspondent and Lead Anchor at Bloomberg Television, where she covered the financial institutions that shape markets worldwide, including global banks, asset managers, private equity giants, and hedge funds.
She hosted Open Interest, Bloomberg TV’s flagship morning program focused on senior executive insights, and anchored Bloomberg Invest, the firm’s most important annual financial conference. Her newsletter, Wall Street, By Basak, is widely recognized for its sharp insider analysis on market trends, Wall Street firms, and shifts in the financial industry.
Known for securing rare interviews with top Wall Street CEOs and breaking news on market-moving deals, Basak has earned a reputation as one of the most trusted and incisive voices in financial journalism over the past decade, iCapital noted in its statement.
The new hire holds a bachelor’s degree from Bucknell University, a master’s in journalism from Northwestern University’s Medill School, and an MBA in Quantitative and Corporate Finance from New York University’s Stern School of Business.
Insigneo announced the appointment of Mayobanex Martínez as senior relationship manager, who will be based in Houston, Texas, and will report to Alberto López, head of relationship management at the firm.
“We are excited to welcome Mayobanex to the Insigneo family as we continue strengthening our presence in this region and enhancing the experience we provide in Mexico,” said Mariela Arana, head of client experience at Insigneo.
The new member of the wealth management company joins the Client Experience team, and in his role will support investment professionals throughout Texas and other markets in the Northern Cone, Insigneo reported in a statement.
Martínez has more than 20 years of experience in national and international banking and has held executive positions at Citi, Wells Fargo, and SunTrust. He specializes in wealth management, investment services, and client onboarding processes. He holds FINRA licenses 24, 66, and 7.
In his new position at Insigneo, he will focus on strengthening client relationships, driving business growth, and ensuring a smooth onboarding experience aligned with the firm’s standards and best practices.
“I am excited to join Insigneo and work with a team committed to providing financial advisors with flexibility, tools, and support to excel. This is an opportunity to combine my passion for advisor success with an innovative, future-oriented platform, and I look forward to forging strong partnerships that drive sustainable growth and exceptional value for clients,” said Mayobanex Martínez.
WisdomTree has reached a definitive agreement to acquire Ceres Partners, a U.S.-based alternative asset manager specializing in farmland investments. They explain that this transaction marks its entry into private asset markets, starting with the real estate sector and, specifically, farmland. In addition, Ceres benefits from opportunities in adjacent strategic areas with demand for solar energy, artificial intelligence data infrastructure, and water, which are expected to drive faster growth.
According to WisdomTree, this acquisition provides immediate scale and a long-term advantage, bringing approximately 1.85 billion dollars in assets under management across about 545 U.S. farmland properties located in 12 states, mainly in the Midwest. “Ceres has a solid performance track record, with an average annual net total return of 10.3% since its inception in 2007, outperforming farmland benchmarks,” they state.
The manager believes that, as farmland is recognized as one of the largest and most underutilized real asset classes in the United States, there is significant growth potential. In their view, this asset class has historically delivered resilient, inflation-protected returns, and is uncorrelated with traditional equity and fixed income markets. As demand accelerates for private investments that generate income and offer inflation protection, they believe this transaction positions them well to provide differentiated access at an institutional scale. Farmland prices and asset values have increased in the United States in all but nine years since World War II, and Ceres represents a value-added platform in a category with the fundamentals for greater adoption by advisors and institutions.
“Farmland is one of the largest and most underutilized real asset classes in the United States, offering both scale and scarcity. This acquisition expands our leadership in innovative, income-generating investment solutions while strategically accelerating our entry into private asset markets with a scalable, high-quality platform. This reflects our commitment to offering differentiated exposures that deliver long-term value for both clients and shareholders. This strategic acquisition now positions WisdomTree to capitalize on the most significant structural growth opportunities in wealth and asset management today: ETPs, private markets, managed models, and tokenization,” added Jonathan Steinberg, founder and CEO of WisdomTree.
For his part, Perry Vieth, founder and CEO of Ceres Partners, stated: “We are proud of Ceres’ lasting partnerships and legacy with farmers. Joining forces with WisdomTree marks an exciting new chapter for Ceres. For nearly two decades, we have built a differentiated farmland investment platform, grounded in performance, operational expertise, and a deep understanding of U.S. agricultural markets. This partnership brings product innovation, scale, and distribution that will allow us to reach more investors seeking resilient, inflation-protected, income-generating real assets. Together, we are uniquely positioned to capitalize on the next wave of growth in farmland, including solar energy, artificial intelligence data infrastructure, and water, with a shared commitment to innovation and long-term value creation.”
Transaction objectives and details
As part of this transaction, WisdomTree’s goals for 2030 include raising over 750 million dollars in farmland assets by the end of 2030 with fee structures of approximately 1% base / 20% performance, doubling base fee revenue by the end of 2030, increasing performance fee revenue by 1.5 to 2 times—assuming historical performance levels are maintained—and accelerating WisdomTree’s global margin expansion trajectory.
According to the manager, the transaction involves an initial cash consideration of 275 million dollars payable at closing, subject to customary adjustments. “Consideration for future earnings of up to 225 million dollars payable in 2030, subject to a compound annual revenue growth rate of 12–22% measured over five years. Subject to customary approvals, financing, and closing conditions, the transaction is expected to close in the fourth quarter of 2025,” they note.
Finally, they add that this transaction establishes Ceres as a cornerstone of WisdomTree’s long-term strategy to build the next-generation asset management platform, combining structural growth sectors, an innovative offering, and a future-ready product range. “Alongside its current strengths in ETPs, managed models, and tokenization, WisdomTree will offer its clients institutional access to a highly differentiated set of exposures in public and private markets,” they conclude.
Technology is a consolidated theme in investors’ portfolios. In the first half of 2025, the so-called Magnificent 7 experienced a sharp correction at the beginning of the year, followed by an AI-driven rebound that mainly benefited Meta, Microsoft, and Nvidia. In the opinion of Madeleine Ronner, a DWS manager specializing in technology, the investors’ response has been clear: although we have not seen a widespread increase in sensitivity to valuations, investors have become more selective. We discussed how to approach technology investment in our latest interview.
Do you think the perception investors have when investing in technology has changed?
The focus is more on cost discipline, AI-driven efficiency improvement, and tangible growth, especially in areas such as infrastructure, automation, and computing. The market is also more critical of how large-scale AI investments will be monetized, particularly given the high investment-to-sales ratios across the sector. That said, speculative behavior remains present, especially in certain parts of the U.S. technology market, as reflected by the growing number of stocks trading at more than 10 times their market value. From our point of view, this reinforces the importance of focusing on critically important technologies with long-term structural relevance, and not only on short-term growth arguments.
Have investors adjusted their portfolios’ exposure to the technology sector?
There has been a slight shift. ETF flows show a rotation away from the U.S. and, therefore, from large U.S. technology companies, and toward European and diversified exposures. Investors are increasingly opting for broader sector allocation strategies that reduce reliance on a few dominant technology stocks, especially as geopolitical risks rise. However, gross exposure to large technology companies remains high.
Have you adjusted your expectations for this sector’s performance?
Our expectations are becoming increasingly differentiated. While the sector as a whole may no longer deliver the broad outperformance of previous years, certain specific segments—such as cutting-edge AI, custom semiconductors, and mission-critical software—still enjoy strong secular tailwinds. We are cautious in areas with inflated multiples and low visibility but continue to see long-term value in enablers of automation, digital resilience, and computing efficiency.
In today’s context of uncertainty, tariffs, and high valuations, what do you consider the best way to approach technology investment now—ETFs, active management, or thematic investing?
In this environment, active management and selective thematic investing present clear advantages. The macroeconomic and geopolitical context—especially tariffs, supply chain adjustments, and tighter regulation—creates dispersion in the market. An active approach can help avoid overpriced or geopolitically exposed names, while thematic strategies (for example, nearshoring, AI infrastructure, sovereignty) can target specific pockets of opportunity.
Over the past 24 months, investors seem to have focused on AI. Do you consider this an area saturated with investors and funds, or do you believe there is still room to launch new funds and channel investment into it?
AI investment is saturated, but not exhausted. While competition is intense and valuations are high, the underlying innovation cycle is still in its early stages. There is room for differentiated strategies, especially those targeting industrial AI, edge computing, and AI infrastructure. The AI hype is real, but the set of opportunities remains broad. While overall exposure to AI may seem saturated, there is still plenty of room for differentiated strategies focusing on vertical AI applications, AI infrastructure, energy efficiency, or AI governance and security. We believe new funds can succeed if they offer genuine specialization or exposure to undercapitalized segments of the AI stack.
What are the technologies of the future that investors should start considering?
In my opinion, several technology areas stand out as critical for evaluating future investments, especially in the context of national resilience and economic competitiveness. AI remains a dominant force, not only as an independent theme but as an enabling element across all sectors. It is worth highlighting that automation is beginning to extend into traditionally under-served sectors, such as pharmaceuticals and food and beverages, supported by AI-driven efficiencies.
Semiconductor manufacturing and equipment is another area of strategic importance. We are particularly focused on the long-term development of U.S. manufacturing capacity, which aims to reduce dependence on Taiwan and strengthen domestic supply chains. In our case, defense and dual-use technologies are a cornerstone of our strategy, as is cybersecurity, especially as nations prioritize digital sovereignty and the protection of critical infrastructure. The sector continues to evolve rapidly, with growing importance in both the public and private spheres.
We also see attractive opportunities in energy infrastructure and grid modernization, which are essential for energy security and the transition to more sustainable systems. In this area, battery technology is especially promising, with recent advances suggesting transformative potential in energy storage and distribution.
In the current context of uncertainty and tariff wars, which parts of the technology sector are most exposed?
Consumer electronics and automobiles, due to supply chain dependence and specific tariffs, as well as semiconductors, especially those reliant on Asian manufacturing or with significant sales to Asian markets.
What could this mean for investors, and how can they protect themselves against this risk?
To build a resilient and forward-looking portfolio, it is essential to diversify both geographically and across relevant subsectors. Priority should be given to companies that demonstrate strong local production capacity and robust, adaptable supply chains. Moreover, the use of active investment strategies can help avoid overexposure to specific securities or concentrated risks. We have a bottom-up fundamental approach, and in my selection I am currently placing great emphasis on pricing power, as well as strong management teams capable of navigating this volatile and changing environment and addressing supply chain challenges.
MFS Investment Management has just hired Natalie Ochoa, who joins the asset manager’s team in Miami as Sales Associate, according to sources from the firm confirmed to Funds Society.
In her role, Ochoa will cover the regions of the Southeastern U.S., Central America, the Caribbean, and Mexico, supporting Senior Regional Consultants Diana Rueda and Drew Chisholm for the Americas from the Miami office.
Ochoa previously worked at Morgan Stanley, where for three years and ten months she served as Branch Administrator and Service Associate, according to her LinkedIn profile.
The new member of the MFS team studied at Florida International University and holds several FINRA licenses.
