Hints and tips:
...Blackstone is quickly closing in on having $1tn in assets under management. Apollo’s stated goal is to reach $1tn in assets, and soon....
...In the US, at least, mom-and-pop investors and advisers build portfolios with the categories used by Morningstar et al....
...There is for sure a debate to be had about when the Federal Reserve et al should have pivoted their stance more forcefully to tackle inflationary pressures, and what they should and shouldn’t do now....
...So what does this transaction tell us about the state of the asset management industry?...
...For example, in a 2010 opinion (Chevron Corp v Steven Donziger, et al) handed down from the US district court in Manhattan, the judge wrote that the “evidence at trial established that Donziger, a New York...
...al, with just $9bn on legacy oil and gas....
...And JP Morgan Caz: Results and outlook ranged within expectations in 1H, with management reiterating previous guidance for business rates relief to broadly offset extra COVID-19 costs in the year. 1H PBT...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...Wednesday’s development in the NMC vs Muddy Waters et al saga saw Krupa Global Investments, a Czech activist fund, say apropos of nothing that it holds positions equivalent to just over 0.4 per cent of the...
...“Uncertainty around Homebase, Poundworld et al presents opportunity for B&M from both a property and a capacity withdrawal perspective....
...If it is not assured of pan-EU access to clients from London, then Paris is the next best hub, given the location there of a clutch of asset management companies (Amundi, Axa et al) for which its staff execute...
...This was disproved by the trial of US v Zarrab et al, in which a Turkish banker and a gold trader were convicted of laundering Iranian oil and gas revenues....
...Assets under management slipped $3.7bn over the year. Ebitda dropped around £46m to £131m....
...We also find evidence that firms that charge hourly or based on assets under management are more likely to engage in new misconduct, and have a higher stock of advisers who have engaged in misconduct in...
...— Recent research by Gorton et . al about the form and role of banks as maturity transformers and creators of “private money” is very relevant to this discussion....
...Sensible sentences from Citi’s Buiter et al on China’s valuation shock (with our emphasis): This decision by the PBOC is a significant event, even if its implications and motivations are not yet fully clear...
...Statistical studies (see for example Gadea et al) confirm that there has been no significant break in the behaviour of volatility in the five year period since 2008, compared to that experienced during GM...
...You see, Bill Gross et al sell bonds, via bond funds. But what they have really been selling for the last decade is a sort of investment intellectualism....
...(Bloomberg) - How Goldman (et al)’s aluminium warehousing cost American consumers $5bn in three years. (New York Times) - The commodities supercycle is still ending....
...That figure pales against the total value of the US housing market – $23.7tn at the end of 2012, according to Zillow – but it could grow exponentially if Blackstone et al are able to get their hands on cheap...
...* Euro Area Scenarios: The Good, the Bad and the Ugly, Joachim Fels et al, Morgan Stanley, 2 May 2012 Edward Chancellor is a member of the asset allocation team at investment manager GMO...
...Man Group, the world’s second-largest hedge fund by assets under management, continues the pay revolt theme....
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