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...But on a full-year results call with bondholders on Wednesday, management said the assets would be designated as “unrestricted subsidiaries”, meaning that proceeds from the disposals do not have to be used...
...John Elkann repeats, increasing the net asset value is the number one priority”....
...“We don’t want to judge success in terms of the size of assets under management but in terms of the quality. We want to find people who share our view about how to manage capital.”...
...He added that officials should consider capital markets holistically and include all sectors from asset managers to exchanges, not just banks....
...aggressive debt-management moves....
...Yandex sold its news aggregator, blogging platform and homepage to state-controlled social media company VK in August after facing criticism over the media assets’ role in the war....
...The research found that the top 20 managers had created $755.4bn in profits since they were set up — more than the $655.5bn in assets they are at present managing....
...Under the deal, Yandex’s Russian business, which accounts for 95 per cent of the group’s revenue, assets, and employees, will be owned by a consortium including members of the company’s management and Argonaut...
...We are protecting our assets, that’s our priority. We are protecting our people,” he said in an interview....
...The company said the “transaction reflects Altice France’s strategy around balance sheet management, which notably includes executing inorganic deleveraging through proactive management of our non-core asset...
...While Drahi last month stated that his main focus was dealing with the group’s upcoming maturities, he has also been exploring asset and equity sales to raise money....
...Van den Brink said that the priorities were to safeguard local employees, prevent assets from being taken by the Russian state and avoid any suggestion that the company would make a profit....
...However, Thijs Knaap, chief economist with APG Asset Management, told the Financial Times that concerns about China were rising among its pension fund clients....
...Drahi shed some light on the question on everyone’s mind: Did he know about the alleged crimes of his Portuguese partner, who was his right-hand man on operations as they gobbled up telecoms assets including...
...Goldman also generated meaningful asset management fees, while income from equity investments has rebounded after last year’s decline in asset values....
...Other large shareholders include Californian asset manager Capital Group and UK fund manager Jupiter Asset Management....
...The European Fund and Asset Management Association, which represents more than 4,500 asset managers in the EU, has advocated for its creation, saying it would provide investors with greater transparency....
...This has deflated Lone Pine’s assets under management to about $15bn — less than half of where it was just two years ago — and pushed it down to 11th in LCH’s list of top net gains for investors since inception...
...It works with nearly 3,000 fund groups and has €1.3tn assets under administration....
...The deal for NN Investment Partners, which has $355bn of assets under management, will significantly expand Goldman’s presence in European asset management and is the latest example of the consolidation...
...Ferrari’s buoyant outlook “suggests management has good confidence in 2023 mix and margin”, said analyst Tom Narayan at RBC....
...The management shake-up also follows the arrival of Peltz, whose Trian Fund Management has a history of pushing for change at consumer goods companies....
...But he said they were “considering what happened in the UK and recalibrating their liquidity management where needed”....
...Mark Pring, a partner specialising in insurance issues at the law firm Reed Smith, said there was likely to be a “wave” of insurance claims over assets stranded in Russia in the coming months....
...VK, the state-controlled social media giant, will take over Yandex’s media assets in exchange for food delivery app Delivery Club....
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