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...And the City’s asset managers, many of which report figures this week, remain squeezed by passive funds on one side and specialist boutiques on the other....
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...And another scoop to start: The chief executive of BCG said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into...
...Join me and fellow colleagues at the FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...New York hedge fund Elliott Management is best known for hardball tactics that have seen it take on governments and large corporations....
...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....
...This week we’re looking at the latest betting scandal to rock US sport, plus we ask if the NFL is setting the field for the arrival of private equity players....
...resting lightly on the lectern, Sir Paul Marshall laid into the three enemies of the free market, what he called the “mutant siblings” of capitalism: the “cronies” colluding at Davos, monopolies and “woke” corporations...
...from Italian asset manager Azimut, valuing the target at more than $1bn....
...The asset manager filed a lawsuit against Corinthia and two of its departing executives....
...of the impact of higher interest rates on the asset class....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...Increasingly the US asset manager he heads is the star around which the digital assets solar system orbits....
...Selling assets, however, is a different story. Blackstone sold just $15bn in investments, a steep decline from the $18bn of assets it sold in the first quarter of 2023....
...Here’s the lowdown on the latest in asset management while she’s away, including a really delicious bumper helping of “further reading”. One thing to start: Big numbers at BlackRock....
...If an asset has less risk for the same level of return, you can just leverage it up so it has the same risk and a higher return. You can own Berkshire with some borrowed money....
...A plan by the UK-headquartered group to retain staff through so-called special capital should attract income tax rather than the lower-rate corporation tax as the firm intended, the court in London has ruled...
...Shareholders in Digital World Acquisition Corporation, the special purpose acquisition company set up by Orlando, have had about a month now to cast their votes on whether the deal should go through....
...Almost £2mn of impairment was recognised over Dalco assets, being the site closure and a software issue. The shares trade on an undemanding 14 times forward consensus earnings....
...Is the asset management industry ready for T+1?...
...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....
...In recent decades, buyout groups such as Blackstone, KKR, Apollo and TPG have transformed from clubby partnerships into publicly traded corporations with large public market valuations....
...Musk vs Delaware The small US state of Delaware has long been the refuge of large corporations seeking predictable courts....
...Ark leaks cash Growth stock fan Cathie Wood is bleeding assets after she missed out on the AI stock boom and tethered her closely watched fund to Tesla, The Wall Street Journal writes....
...Wall Street is littered with examples — the latest being Blue Owl Capital’s recent acquisition of Kuvare Asset Management for up to $1bn, which Lex argues is a serious price for an asset manager that is...
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