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...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
...Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), Singapore sovereign wealth fund GIC and the UK’s Universities Superannuation Scheme all intend to exit, according to a person familiar...
...One post is for a specialist in the private equity secondary market as well as other senior roles in equities, fixed-income and portfolio management....
...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”....
...That will raise fee-paying assets under management from the roughly €100bn it had in 2023 to somewhere in the region of €140bn by 2025....
...Going public will enable existing shareholders including the Hong Kong Monetary Authority, Kuwait Investment Authority, and Singapore’s GIC to reduce their stakes....
...Vista and GIC declined to comment....
...The Saudi fund dethroned Singapore’s GIC, which had topped the ranking for five consecutive years....
...It also borrowed against its management company two years ago to raise $930mn, most of which was to invest in future funds, the FT previously reported....
...A more benign while still realistic view comes from Gene Munster of Deepwater Asset Management....
...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....
...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”....
...Chaired by Singapore’s prime minister Lee Hsien Loong, GIC does not publish its assets under management but has increased its allocation to private equity to 17 per cent of its portfolio from 9 per cent...
...Dell’s family office, DFO Management, has agreed to provide the first outside capital to 5C Investment Partners....
...Bankers advising on the sale attempted to fashion a consortium from the remaining bidders, which included Singaporean sovereign wealth fund GIC and US private equity firm KSL Capital Partners, to make the...
...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....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
Data suggests they make up 51% of assets and rebalancings can send billions sloshing through markets
Passive beneficiaries, aggressive margins
...Singapore’s GIC, one of the most influential investors, warned in July that a golden age for the buyout industry had ended....
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...He or she has to be kept happy because of the money they bring in, but nobody in their right mind would put someone like this in a management role....
...But Cboe is tying itself into knots attempting to show that 0DTEs are some kind of sober risk management tool. They’re not. They’re lottery tickets on financial market outcomes....
...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...
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