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...Whitmore will stay with the company until at least July, and will be replaced on the UK Special Situations fund by Alex Savvides from JO Hambro Capital Management....
...He has sought to offset the decline of the company’s traditional business by pushing into faster-growing areas such as private markets, acquiring a majority stake in Greencoat Capital — one of Europe’s largest...
...A couple accused of receiving about £24mn from London Capital & Finance and using it to fund a lavish lifestyle — including luxury travel, jewellery and membership of a Mayfair member’s club — have reached...
...By contrast, CDFIs and credit unions managed more than $150bn in the US in 2019, according to a report by social impact investor Big Society Capital, which is also backing the fund....
...It follows a difficult period for the fund group, in which its share price has fallen sharply, leading to its ejection from the FTSE 100 twice in recent years....
...Somerset Capital Management, the boutique fund manager co-founded by Tory MP Sir Jacob Rees-Mogg, has lost more than two-thirds of its assets after the firm’s largest client severed ties, according to people...
...The parent company’s owners include NatWest’s pension fund, a Canadian pension fund and an Australian infrastructure investor....
...In recent months, numerous asset managers on both sides of the Atlantic, including BlackRock, Abrdn, and Janus Henderson, have unveiled job cuts as they come under pressure to balance maintaining profit...
...Connecticut-based AQR had seen its managed futures full volatility strategy return 17.4 per cent to the end of March, while Paris-based Capital Fund Management’s IS Trends fund was up 17.5 per cent to Wednesday...
...The group agreed this week to take a 26.1 per cent interest in Victory Capital Holdings, a $2.8bn US-listed fund manager....
...But one by Janus Henderson is worth highlighting because it indirectly touches an interesting issue we’ve been thinking about....
...Capital raisings, the industry lifeblood for new funds, have dried up....
...The other activist investors — New York-based activist funds Eminence Capital, Sachem Head Capital Management and Dendur Capital — are pushing to take most, if not all, board seats with the aim of controlling...
...Older investors also gained exposure to technology through the Liontrust Global Technology fund and Polar Capital Technology Trust....
...But investors — including the pension funds USS and Omers as well as the Chinese and Abu Dhabi sovereign wealth funds — have deemed the company “uninvestable” and are refusing to invest any more money into...
...challenged in court by US business groups (FT) Russian court orders seizure of $440mn from JPMorgan (FT) FDIC is approaching potential buyers of Republic First (Bloomberg) UBS ‘seriously concerned’ by Swiss capital...
...Mantashe, a close ally of President Cyril Ramaphosa, said the transaction that created BHP Billiton “never did much for South Africa” and led to capital leaving the country....
...North American private-credit funds have on aggregate called more capital from investors than they’ve distributed for several years now....
...A gap has opened up between their share prices and the value of the assets they hold, they’re battling the worst year for raising capital in a decade, and they’re being targeted by hedge funds including...
...“While more money flowing into gilts made up the bulk of this increase, investors also added cash to corporate bond funds across a range of sectors.”...
...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
...Biotechs are particularly reliant on equity markets because they often need large amounts of capital to fund drug development before they generate enough revenue to repay debt....
...Collectively, portfolio companies have adapted to a higher cost of capital and are funding their future growth....
...The early data helped Compass raise $285mn in a private placement of its shares last August from mainstream biotech funds including $10bn fund RA Capital and Surveyor Capital, an equities business owned...
...M&G currently has £73bn in private assets under management across fixed income, alternatives, real estate and infrastructure, a small slice of overall private capital markets which hit $13tn in 2022 according...
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