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...Reits tend to pay out 90 per cent of income but anything over 100 per cent is seen as unsustainable because funds might eventually need to take on more debt, issue new shares or sell assets to fund dividends...
...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
...The fund held about $2bn in assets at the start of 2020 but took in nearly $8bn in net new flows over the second half of that year, ending 2020 with more than $17bn in assets, according to Morningstar Direct...
...Insight Partners, the New York-based tech investment firm, has also raised a continuation fund, while New Enterprise Associates, a venture investor with $25bn in assets under management, had been talking...
...than 10 per cent of the fund’s assets under management....
...A combination of outflows and investment losses drove the fund’s assets under management down £1.8bn between January 2022 and November last year....
...Blackstone already part owns Hipgnosis Song Management (HSM), the manager and investment adviser of Hipgnosis Songs Fund (HSF), although its new offer is separate to that holding....
...It plans to raise $300bn in new assets by 2026 among dozens of funds....
...“It’s a melting iceberg,” says Jonathan Godsall, a McKinsey consultant, adding that all of his asset management clients are debating what to do about mutual funds....
...The Brevan Howard master fund gained 20 per cent in 2022, when macro funds thrived during a period of rapid interest rate rises....
..., who is a vice-president at Northern Trust Asset Management....
...One thing to start: Happy new year and welcome back to FT Asset Management. I hope you had a great break....
...Younger tech billionaires are more often seen wearing casual clothes than the fine tailoring of old, and they are less likely to charter a private jet for a last-minute mini break....
...By 2022, Breit had drawn tens of billions of dollars in new assets, growing into Blackstone’s single largest source of fee growth....
...Those asset sales are propelling the growth of KKR’s credit business, which has become the group’s largest business line by assets with $219bn under management....
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...At remote learning portals Apollo Academy, KKR Academy and Blackstone University the pupils are investment advisers with wealthy clients who might be a target for newfangled asset management products....
...Wealthy individual investors also poured more than $8bn into Blackstone’s funds, including $2.7bn for a recently launched private equity fund targeting so-called retail investors....
...“This is one of the most fundamental changes in the asset management market,” he said, noting that in the US mutual funds shed about $800bn in assets last year, while ETFs gained about $800bn, with active...
...As an international asset management centre, UK asset managers should be able to capture this growth....
...This performance cemented their dominance over the rest of the industry — the 20 hedge funds that have performed best since their inception manage 19 per cent of assets but they made around a third of annual...
...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....
...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....
...Woodford, whose fund company Woodford Investment Management collapsed in 2019, said in a new blog that he hoped to shed light on the events that led to his fund’s demise....
...Issuers of passive funds will probably only be able to claim one of the FCA’s four green labels: Sustainability Improvers, designed for “products investing in assets that may not be sustainable now, with...
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