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...Javid previously worked as head of credit and commodities trading in Asia for Deutsche Bank and more recently as an adviser to JPMorgan in London....
...“The demise of Credit Suisse is just a recent reminder of the risks of relying solely on banks to secure access to such strategies....
...“The institutional bit of alts has slowed down,” said Jenny Johnson, chief executive of the fund manager Franklin Templeton....
...HPS Investment Partners has raised $12bn for a new junior credit fund, pushing the private credit firm’s assets under management to nearly $100bn as it becomes an increasingly formidable player across debt...
...But it added that the vehicles should only be available to institutions such as investment firms, credit institutions, pensions funds and insurance companies....
..., a data-tracking company, reported on Friday that flows to EM equity funds hit a record weekly high in dollars at the start of February — also hitting the highest level as a percentage of assets under management...
...While ADM’s management was “pretty optimistic about it”, he said, for investors “it’s always been a show-me story . . . if you can show consistent performance within the segment, then we’ll give you credit...
...Yet flows to high-yield ETFs were flat, loan ETFs saw outflows of $1bn, or 6 per cent of assets under management, and convertibles ETFs saw a quarter of their assets, $1.5bn, walk out the door....
...Meanwhile, there are signs of trouble in US credit cards, where delinquency rates have surged....
...“To Blackstone’s credit, they’ve been doing it for years,” Johnson said....
...Data shows that credit card interest and fees increased by $51bn in that time to $157bn, with delinquencies on credit card loans running at their highest level in almost 13 years....
...They swipe their badge so they get the kind of credit for being in the office that day....
...“There’s a camp of investors growing more concerned about a potential economic slowdown, which would widen credit spreads....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...So that’s a real disadvantage to an active ETF,” says Johnson of Franklin Templeton....
...Today’s top stories Boris Johnson admits his government ‘vastly underestimated’ the pandemic threat at the UK’s Covid inquiry....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...In one instance, quality control problems emerged during the manufacturing of Johnson & Johnson’s Covid-19 vaccine, with employees having to check vials by hand for two weeks, the FT has reported....
...The 33-year-old Athwal, a former head of the Treasury’s growth strategy branch and management consultant, has been trusted by Starmer to “hold the pen” on the manifesto, according to Labour colleagues....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...Jain, now vice-chancellor of India’s Jio Institute, notes: “one of the things I credit to the British is that they gave us the English language”....
...777 had $9bn to $10bn of assets under management including a “close to $4bn insurance balance sheet”, he said....
...Annual management fees are expected to be 79 basis points....
...New York-based RedBird, which was founded in 2014, acquired AC Milan from Elliott Management for $1.2bn last year....
...Former prime minister Boris Johnson’s promise to “level up” Britain — particularly poorer swaths of the North and Midlands where residents had voted for Brexit in droves — was at the heart of the Conservatives...
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