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We'll also provide an update on our assetmanagement activities, our recent dividend declarations, our expectations for dividends going forward, our recent investment activities and current investment pipeline, and several other noteworthy updates. We've also continued to produce positive results for our assetmanagement business.
I'll also provide updates on our assetmanagement activities, our recent dividend declarations, our expectations for dividends going forward, our recent investment activities and current investment pipeline, and several other noteworthy updates. Ryan will discuss our NAV per share increase in more detail.
We're also providing updates on our assetmanagement activities, our recent dividend declarations, our expectations for dividends going forward, our recent investment activities and current investment pipeline, and several other noteworthy updates.
I'll also provide updates on our assetmanagement activities, our recent dividend declarations, our expectations for dividends going forward, our recent investment activities and current investment pipeline, and several other noteworthy updates. We've also continued to produce attractive results in our assetmanagement business.
The securities regulator's five-member panel voted 3-2 to implement a number of new requirements aimed at increasing transparency, fairness and accountability in the private funds industry, which has more than doubled its assets over the past decade. The industry manages around $20 trillion in assets.
SureTech and assetmanagement, newer and smaller businesses, are also gaining traction as these products scale, and we improved the experience and product offering to our consumers. And then, when looking at the quarter, we see about an 80 basis-point increase for shipping fees within the take rate. Curious what's driving that?
We launched Coinbase AssetManagement. However, to be clear, we did not make any material changes to our feestructure in Q4. And the blended average fee rate that you see reported is simply due to mix shift on our platform. Most of the world's capital is held in institutions. Q4 was $375 million, up 12%.
The shift in the rate question from how high to how long has catalyzed more client activity, however, corporates have stopped waiting for rates to come down and are beginning to access the debt capital markets around the globe. And this plays to our strengths and strategy, in particular, our invaluable global network. So that's the piece.
In addition to Home Point, we closed the acquisition of Roosevelt Management, which provides us the professional team in the RA infrastructure for our assetmanagement strategy. We are also monitoring spreads on high yield debt issuance. Third quarter was a very busy period for us. Thanks for taking my questions.
You have to have a truly align feestructure and you have to kind of be willing to go down that road. Has been structured in that way, and I think that’s a differentiator because it’s it’s a little different than investing in somebody that’s going to go trade high yield bonds or do public distrust.
I want to get into that before we start talking about assetmanagement. So, so your feestructure is very different when you outperform the market. You take a performance fee based on that outperformance above beta. 00:24:31 [Speaker Changed] We refund the fee. What is that? Founder builds the business up.
Lately, it seems that alpha comes from two places: Emerging managers — the new fund managers who kind of identify market inefficiency; and the quants who have seemed to be doing really well as of late. Ted Seides : In all of assetmanagement, there’s this aphorism, size is the enemy of performance.
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