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...Nomura Asset Management, Vanguard and BlackRock are all major shareholders, and Elliott’s stake is at least 2.5 per cent, according to people familiar with the situation....
...Advent had previously acquired Partner in Pet Food in 2011, before selling the business to another private equity investor Pamplona Capital Management in 2015 for €315mn....
...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 investment firm Harris Associates, which has more than $100bn in assets under management, “sold the stock last year as [we] lacked confidence that management could repair the business”, David Herro, the...
...Stefanie Drews, president of Japan’s Nikko Asset Management, has never had a go at karaoke....
...Jonathan Ruffer also sat on Odey Asset Management’s board until 2002....
...Speaking at Davos on Wednesday, Mary Callahan Erdoes, JPMorgan’s head of asset and wealth management, said the use of AI by cyber criminals was a big concern....
...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....
...Warren Buffett famously said that when he owns outstanding businesses with outstanding management teams, his favourite holding period is “forever”....
...Asset management is a tricky business....
...While Goldman abandons consumer banking, it’s trying to build out a massive wealth and asset management business that brings in a steady stream of fees, Lex writes....
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...The 62-year-old Australian, whose audacious poaching of more than 20 senior executives from asset manager Barings last month has already sparked litigation, spent 20 years running a property business that...
...Elliott Management is setting up a company to hunt for global mining assets in the range of at least $1bn, as it seeks to take advantage of the depressed valuation of groups operating in the sector, people...
...It is the reincarnation of Wall Street’s proprietary trading desks in asset management, with upside-down incentive structures, without the same regulatory oversight and with ill-fated stop loss risk management...
...under management, with the bulk of that in its private equity strategy....
...Vanguard’s move was expected to herald a broad shift to cheaper options, or self-indexing — where the index fund provider themselves create and manage the underlying index....
...What drives listed buyout groups “is AUM [assets under management] — it’s not entrepreneurial”, one of the people said....
...The €161bn-in-assets private equity firm intends to sell shares in an entity that will receive its management fees, as well as part of its carried interest — the share of gains it gets when exiting profitable...
...The investments part of the business, which still accounts for the lion’s share of assets under management, is weighing on expenses with a cost-income ratio of 94 per cent....
...Fidelity’s business includes its large brokerage platform and a separate $69bn ETF arm as part of its $4.9tn in assets under management....
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