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...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...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....
...As an international asset management centre, UK asset managers should be able to capture this growth....
...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...
...Unless asset managers adapt, many of them — and one of the most successful financial products of all time — could slowly slide into irrelevance....
...“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...
...Seychelles has no legislative or regulatory framework for virtual assets and virtual-asset service providers, meaning it fails to comply with the Financial Action Task Force’s anti-money-laundering code....
...Financial policymakers have urged hedge funds, pension investors and commodities traders to keep more liquid assets on hand and develop stress tests to better withstand shocks from extreme market moves....
...Rokos Capital Management, which manages about $16bn of assets, is up 8.8 per cent in 2024 to February 16. It told investors that the gains were largely driven by the recent sell-off in bond markets....
...Is the asset management industry ready for T+1?...
...Shares in Blackstone, KKR, Apollo Global, Ares Management and TPG have neared or eclipsed record highs due to better-than-feared financial results....
...“Further discussions on this topic should involve all of the banking regulators and be informed by discussions with the asset management community.”...
...if Thames Water is unable to service its debts....
...The interview with Drews, one of the very few women at the top of asset management globally and the only foreign leader of a leading financial services company in Japan, is part of our latest Women in Business...
...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 cuts were needed after a period of rapid growth over the past few years, the first person said, as the firm grew from a low of $6bn in assets in 2019....
...Harrison began his career at Schroders and then held roles at other asset managers including Newton Investment Management, JPMorgan Asset Management and Deutsche Asset Management....
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...Catching US rivals such as BlackRock and Vanguard would require hugely bulking up its roughly $2tn of assets under management, a fraction of those peers....
...Blackstone also part owns Hipgnosis Song Management (HSM), the manager of Hipgnosis Songs Fund....
...*Ignites Asia is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignitesasia.com...
...One scoop to start: H2O Asset Management’s auditor has warned that the firm’s accounts “do not give a true and fair view” of its financial position, handing the once high-flying investment group a rare “...
...Fink also said BlackRock was seeing “accelerating momentum” because it was winning new business from “marquee” clients for its technology, retirement and portfolio management services....
...US financial services giant Charles Schwab is “closely” watching the UK regulatory landscape in the hope of distributing its US-domiciled exchange traded funds into the market later this year....
...“We are facing the last hurdle in the killing of inflation, particularly in the US,” says Matthew Morgan, head of fixed income at Jupiter Asset Management....
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