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...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...She said the “loans are testament to the strength of our assets, the transformation that has been taking place at Canary Wharf and the support we have from our lenders for our long-term plan”....
...Although Signa Holding, the group’s parent company, is now in the hands of an independent administrator, the two subsidiaries that own the bulk of Signa’s assets are still being run by existing management...
...Do you see reasons for optimism in the UK asset management industry?...
...distressed debt specialists such as Apollo and Elliott Management....
...In April, Blue Owl Capital spent $750mn buying Kuvare Asset Management, a decade-old asset manager dedicated to insurance, which resembles Bhalla’s venture....
...Data shows that this direct lending market now has $800bn of assets under management, compared to about $1.4tn of syndicated loans outstanding....
...Rokos Capital Management, which manages about $16bn of assets, is up 8.8 per cent in 2024 to February 16. It told investors that the gains were largely driven by the recent sell-off in bond markets....
...The FCA regulates loans of less than £25,000 made to sole traders or partnerships but it said that overseeing lending to limited companies was outside its remit....
...A soon-to-be-published IMF survey of national debt management offices in emerging and developing economies shows that such knowledge asymmetries are not limited to commercial banks and domestic borrowers...
...Reallocating just 1 per cent of assets under management globally to emerging markets each year could have a transformative impact on growth and development in these countries....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...Its asset management unit, DWS Group, which is separately listed on the Frankfurt stock exchange, reported inflows that drove assets under management to a record high of €941bn as investors flocked to low-margin...
...The French government has proposed buying key assets of Atos, the heavily indebted technology company, for up to €1bn because Paris wants to keep them in national hands....
...At the end of December, index funds and ETFs accounted for $6.6tn in assets under management, two-thirds of BlackRock’s $10tn in assets....
...The audacious move has ignited a rare public feud in the asset management industry: on Monday Barings filed a lawsuit against two of its defecting executives and Corinthia....
...Take Blue Owl Capital’s recent acquisition of Kuvare Asset Management for $750mn, which eventually could reach $1bn....
...As far as we can tell, the Office of Management and Budget, which arbitrates these issues within the Executive Branch, has said nothing to the contrary. Can the US participate in the syndicated loan?...
...Apollo Management, Ares Management and Coller Capital are among the firms that have gotten into the private-credit ‘secondary market’ investment game....
...For example, if a private credit fund owns a $150mm loan, funded by $100mm of investor capital and $50mm of external leverage, this would be counted as $100mm of assets, assuming the loan is valued at par...
...And rising interest rates have hammered commercial property values across the market, reducing the value of the assets used to secure Signa’s loans....
...Half of these have focused on opportunities in asset-backed financing....
...Jonathan Ruffer also sat on Odey Asset Management’s board until 2002....
...Is the asset management industry ready for T+1?...
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