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...A $111bn investment boutique owned by BNY Mellon is seeking seed capital from investors to enter the multi-manager hedge fund business dominated by the likes of US giants Citadel and Millennium....
...In a governance reshuffle intended to signal independence and to reflect its growth, SBTi incorporated as a limited company last year and added independent trustees to its board....
...The buyout group is working with investment bankers at Jefferies to weigh bringing on new owners or minority investors, according to people familiar with the matter....
...The departing CIO, however, said he was not worried about the endowment investment model featuring a push into the high-return yet illiquid alternative assets he championed for decades....
...The asset manager, founded in 2005 by alumni of an alternative investment unit of Cargill that was later rebranded as CarVal, has become a big lender to the airline industry....
...H&F’s investment also underscores the growing interest of private equity in professional services firms, and represents a return to large-scale dealmaking in the US accounting sector after a hiatus caused...
...Even as medical service providers quickly shifted from teleconsultation back to their bricks-and-mortar business model, post-pandemic, some incorporated new changes....
...More firms are experimenting with alternative structures and ownership models. Private equity deals are the most visible sign....
...Some 44 per cent of asset managers said they expect an uptick in mutual fund-to-ETF conversions over the next year, according to a recent report from BNY Mellon....
...According to Pridham, the gross sales figures “show that established groups like Schroders, Jupiter, BNY Mellon and JPMorgan are attracting significant new flows”....
...“For instance, in investment banking and investment management, we have seen a change within IT where AI is being used increasingly as the first line of support for help desk functions.”...
...The move comes as Goldman attempts to build up its asset management business and deepen its reach into alternative investments including private credit to provide a counterbalance to its highly cyclical...
...However, proving that older investors have not entirely abandoned safer, income-based investing, two income funds feature in Hargreaves Lansdown’s top 10 ranking: Artemis Income and BNY Mellon Global Income...
...BNY Mellon has once again resisted the temptation to work in a Boney M reference. Schroders is banging on about a “3D reset” again....
...On Monday a person close to BNY said that, in the end, ICBC shared its settlement trade data through an alternative secure service provided by BNY....
...The wind is against green investment trusts in Europe....
...Money is moving either to cheaper passive funds or to specialist and alternatives funds that promise juicier returns. Traditional active managers are squeezed in the middle....
...Elite private colleges have for the past 25 years followed the “Yale model” by ploughing big dollars into illiquid alternative investments, to great success (Golden had come from Yale)....
...Despite this, passive investment has flourished....
...That pledge was made possible by his insistence that affordable housing funding be incorporated into the region’s latest devolution deal, according to Street....
...BlackRock is seeking to push further into higher-margin alternatives strategies....
...Goldman Sachs’ Petershill Partners, which owns minority stakes in alternative asset companies, has bought a stake of more than 20 per cent in private credit specialist Kennedy Lewis Investment Management...
...Hipgnosis’s board said on Sunday that, having reviewed the proposal, it would be minded to recommend the alternative deal to its shareholders should Blackstone announce a firm intention to make an offer....
...Lower volatility in the wholesale market has also affected battery developers’ revenues, while their earnings from providing other services to ESO have also fallen....
...The proliferation of alternative vehicles allowing easy access to a range of global assets — such as exchange traded funds — has also hurt the sector....
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