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CEO projects share of sales will double as companies integrate technology into operations
...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Fraser told investors last month that the wealth management business “isn’t where it needs to be”....
...This can be seen as a version of the above, but in this case the important business unit is right on the other side of the world, and is in a volatile market which requires emergency decisions to be made...
...Whenever there’s a study that dunks on active portfolio management, we’ll be here to cut and paste. Today’s active management dunk comes from Morningstar....
...The FSB pinpointed “weaknesses in liquidity risk management and governance” as a reason so many struggled to respond to outsized margin and collateral calls, because they did not have easy access to emergency...
...Dell’s family office, DFO Management, has agreed to provide the first outside capital to 5C Investment Partners....
...Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third....
...The fallout has also affected Spirit AeroSystems, a major Boeing supplier that installs the MAX 9’s “door plug” (ie the unused emergency door)....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...Activist investor Sparta Capital Management is calling on London-listed engineer Wood Group to consider a US listing to address the “continued underperformance of its shares”....
...At the end of March, assets under management in European ETFs stood at €1.81tn, up 10 per cent on the previous quarter....
Passive beneficiaries, aggressive margins
...US hedge fund Elliott Management has instead been on a buying spree, betting that the market has grown too pessimistic over potential losses....
...It’s amazing to think quite how recently private capital management was a pretty-much-nothing industry. Back in 2003, the entire sector’s AUM was less than $500bn....
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...Investors pumped $65.6bn into active ETFs in the three months to the end of March — more than 50 per cent higher than the previous record of $41bn in the fourth quarter of 2023 — as assets under management...
...Pfizer and BioNTech will dispute Moderna’s ability to withdraw the pledge when it did, given the World Health Organization did not declare the end of the “global health emergency” until March 2023....
...“We are extraordinarily concerned [about hacks] — it is a national emergency,” Matt Hartman, a top official at America’s Cybersecurity and Infrastructure Security Agency, told a Vanderbilt University conference...
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...Such high cash positions are well beyond what is needed to cover emergencies such as a new boat or buying Penelope her own flat near to art college. Why have so much money out of the markets?...
...As a result, the financial effects of management quality are often measured by treating them as a residual....
...It has brought in a retired Navy admiral, Kirkland H Donald, to review its quality management systems....
...BNP Paribas Asset Management launched its first active ETFs in Europe in February....
...The yen touched a 34-year weak point on Wednesday, prompting Japanese officials to threaten forex intervention and hold an emergency meeting....
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