Hints and tips:
...Los Angeles-based Capital is best known for an unusual investing philosophy that has attracted $2.2tn in assets under management....
...Still, the recommendations can provide asset managers with cover to break with a company and support dissident board nominees. Additional reporting by Anna Nicolaou...
...This makes it harder to encourage better long-term performance and risk management at portfolio companies, potentially leading to worse outcomes for members....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...For example: if Generic Greek God Capital is buying Widgetmaker Inc, 70 per cent of the equity it ponies up might come from one of its LBO funds....
...Citigroup chief executive Jane Fraser has her work cut out for her at the US’s third-largest bank ranked by assets....
...The company also took issue with a 90-day timetable to sell off assets it found rushed. But in the frantic weeks leading up to the bankruptcy, no superior rival financing offer had materialised....
...Ireland has already approved the ETF-as-a-share-class structures, with HSBC Asset Management launching ETF share classes of four bond mutual funds with combined assets of $6bn in May....
...The Vanguard boss also warned investors not to expect superior returns from ploughing money into ESG funds and alternative assets — two of the fastest growing parts of the asset management industry — rather...
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...“What we propose is the same investment team, same strategy, same portfolio and same management fee.”...
...Gold Fields said in a statement that its bid remained “strategically and financially superior” with higher-quality assets, lower risk and higher sustained returns on offer for Yamana shareholders....
...The purchase of Twitter looks like a bad mistake, and his management of that company looks haphazard. Some thoughts on this in the days to come....
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry....
...QED: on Thursday the world’s largest asset manager announced a deal with Coinbase to give its clients more seamless access to digital assets markets....
...Morgan Stanley, which has $1.4tn in assets under management and was ranked 15th-largest by Willis Towers Watson in its latest report, is the largest fund provider not to offer ETFs....
...However, Pershkow said “several” asset managers were actively looking at aping Vanguard’s structure — if they can win over the SEC....
...Without giving details, Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM), tweeted on June 20 that he had received “multiple” expressions of interest for the...
...Warren Buffett Take away the management fees and everything....
...The fintech powering BlackRock’s results The world’s largest asset manager has become an under-the-radar fintech, Lex writes, as BlackRock’s portfolio management technology platform Aladdin accounts for...
...The asset manager’s “superior growth and profitability profile is already reflected in the stock”, said Rob Lee, analyst at Keefe, Bruyette & Woods....
...“Despite the massive shift to ETFs, management has remained focused and invested in the firm’s key strategic advantage, which is superior investment performance and delivering alpha for clients,” said Kyle...
...Bondholders in its asset backed securities were, understandably, desperate to be repaid....
...Their persistence prompted a rescue package for one of those funds on Monday, as Citadel and Point72 Asset Management agreed to pump $2.75bn into Melvin Capital — a fund targeted on Reddit for several months...
...ESG strategies, we are told, promote the greater good and provide superior long-term financial performance....
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