<p>AFI headed to Florida this week to join thousands of fund managers and LPs gathered for Global Alts 2026 and the multiple events organised on the sidelines on Miami Beach, for the ultimate coming together of alpha and art deco.</p><br><p>In the week of President Trump's annual State of the Union address in DC, AFI took the opportunity to explore the state of the hedge fund industry with Jon Caplis, ceo of New York research firm PivotalPath. We discussed performance, flows and the many talking points which came up at the conference, ranging from private credit pressures to SMA growth to TPA plans by LPs.</p><br><p>Note: Apologies for sound interference, this episode was recorded in a live setting.</p><br><p>AFI's Miami notebook:</p><p>https://alternativefundinsight.com/global-alts-notebook-tpa-plans-loeb-launch-cta-comeback-and-smas-in-spotlight/</p><br><p>Related on TPAs:</p><p>https://alternativefundinsight.com/global-alts-day-1-allocators-reveal-how-tpa-is-re-shaping-strategy/</p><br><p>More information about PivotalPath:</p><p>https://www.pivotalpath.com/</p><br><p>This podcast is brought to you in association with Citco, the leading&nbsp;asset servicer with over $2 trillion of assets under administration (AUA) and the&nbsp;. Citco acts as a true partner to its clients,&nbsp;dedicated to developing rich long-term relationships through gold standard services&nbsp;and industry leading technology. Head to&nbsp;Citco.com&nbsp;for more information.</p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>