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The Daily Read on Semi-Liquid Funds
Sunday, August 23, 2026The Morning Brief →Sign in
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McKinsey

In PWD coverage since August 17, 2026 · 5 stories
+1Talent net · 12 months1 in · 0 out
Talent flow · 12 monthsOn the wire →
Net +1 · 1 arrivals · 0 departures
Arrivals
Eric Clarke
Aug 21 · from Orion
Departures
None tracked.
PWD coverage
The Close

The platform talent war moves upstairs

Citi's same-day haul from MSCI, Morgan Stanley, and J.P. Morgan, plus Orion's reshuffle and Cetera's capture of Fidelity's Ed O'Brien, pushes platform leadership to the center of the distribution war.
practice · Aug 21AI is the capacity answer to the advisor shortage
sectors · Aug 21Vanity economy takes 37.5% of leased retail space in Q2
allocators · Aug 20Stretched equity valuations push advisors to semiliquid funds
ils · Aug 17Aon's Sidecar X puts $200 million behind transactional risk
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