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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....
...Successfully traversing such terrain demands forecasting talent, which Ark Investment Management lacks.”...
...He is already proving a valuable addition to the Board and management teams.”...
...Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake as the world’s second-largest alternative investment manager uses acquisitions to push...
...BlackRock, which has a market capitalisation of nearly $120bn, already manages a wide range of assets including roughly $130bn in long-term alternative funds and about the same in hedge funds, commodities...
...Millennium, which was founded in 1989 by Izzy Englander, has grown to become one of the most prominent multi-manager hedge funds in the world, with about $63bn in assets under management and average returns...
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...This week I bring you two tales of succession — or lack thereof — at two of the world’s top alternatives managers: hedge fund Millennium Management and private equity firm Ardian....
...The survey by the NYSE, part of Intercontinental Exchange, was put out by its data analytics team rather than its management, but it highlights the growing interest in trading the likes of Nvidia or Apple...
...Enter the UK asset management sector, likely to provide a flicker of optimism this week with interest rates no longer rising and restructuring efforts moving apace....
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...The 62-year-old Australian, whose audacious poaching of more than 20 senior executives from asset manager Barings last month has already sparked litigation, spent 20 years running a property business that...
...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...
...As an international asset management centre, UK asset managers should be able to capture this growth....
...Izzy Englander’s New York-based Millennium, which runs $61.4bn, gained 10 per cent last year, while Steve Cohen’s Point72 Asset Management, which has $31.4bn in assets, was up 10.6 per cent, investors said...
...The research found that the top 20 managers had created $755.4bn in profits since they were set up — more than the $655.5bn in assets they are at present managing....
...The classic principal and agent relationship — where an investor outsources management of their assets to an outside party — is rife with potential conflicts of interest....
...Apparently, Apollo Global Management has other priorities....
...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...
...As a result, its assets under management have nosedived from a peak of $226bn in 2018 to $98bn....
...US investment firm Harris Associates, which has more than $100bn in assets under management, “sold the stock last year as [we] lacked confidence that management could repair the business”, David Herro, the...
...Take Blue Owl Capital’s recent acquisition of Kuvare Asset Management for $750mn, which eventually could reach $1bn....
...Vanguard chief executive Tim Buckley plans to retire from the asset manager by the end of the year....
...In January it struck a deal to buy alternatives manager Global Infrastructure Partners, which has about $106bn in assets under management, for more than $12.5bn in cash and stock....
...Stefanie Drews, the head of Japan’s Nikko Asset Management, reflects on her career path and on the sector’s future working patterns....
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