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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...
...Public pension funds in North America allocated an average of 11 per cent of their assets to private equity last year, up from 8 per cent three years ago, according to Preqin, a financial data provider....
...Shares in Blackstone, KKR, Apollo Global, Ares Management and TPG have neared or eclipsed record highs due to better-than-feared financial results....
...Regulators such as the European Banking Authority are looking at the sector’s links with banks to monitor the potential for contagion from stresses in the wider financial system....
...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...
...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....
...“Further discussions on this topic should involve all of the banking regulators and be informed by discussions with the asset management community.”...
...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....
...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....
...US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have...
...As an international asset management centre, UK asset managers should be able to capture this growth....
...Unless asset managers adapt, many of them — and one of the most successful financial products of all time — could slowly slide into irrelevance....
...Key to the mood is the surprising resilience of the global financial system....
...“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...
...Is the asset management industry ready for T+1?...
...Since the great financial crisis of 2007-08 regulators have engaged in the biggest push to de-risk the global financial system since the 1930s....
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...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...
...“Step two is going to be the tokenisation of every financial asset.”...
...The Financial Conduct Authority has closed its investigation into Odey Asset Management and “will not be taking any action,” said the firm on Tuesday....
...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....
...Only two of the 16 onshore ETF issuers are international fund houses — Japan’s Nomura Asset Management and Singapore’s UOB Asset Management....
...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 “...
...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, Drews decided long ago to do things differently....
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
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