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...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...JPMorgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+....
...At the end of March, assets under management in European ETFs stood at €1.81tn, up 10 per cent on the previous quarter....
...It’s amazing to think quite how recently private capital management was a pretty-much-nothing industry. Back in 2003, the entire sector’s AUM was less than $500bn....
...It also looks as if it makes more sense to invest in companies in developed markets, which tend to have higher management scores and are less likely to be state-owned, which results in a lower management...
...Dell’s family office, DFO Management, has agreed to provide the first outside capital to 5C Investment Partners....
...Demands for a separate chair have come up at companies where management is under scrutiny for other reasons....
...In a few days, it lost JPMorgan Asset Management, State Street and Pimco. BlackRock has moved its membership from the huge corporate entity to its much smaller international business....
...While the group has invested $3.5bn in more than 350 Chinese start-ups, it somehow hasn’t come under fire in Washington yet, even while rivals like Sequoia Capital and GGV Capital have faced scrutiny....
...BlackRock has scaled back its commitment to Climate Action 100+ while State Street, JPMorgan Asset Management, Pimco and Invesco have withdrawn entirely....
...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”....
...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...
...Diego Megia is targeting $4bn to $5bn of investor capital for the launch of macro hedge fund Taula Capital....
...Investment banking revenue increased despite a “decline in global fee pools”, said Nomura, with a particularly strong performance in Japanese equity capital markets....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
...Information about return on capital and free cash flow growth are both required, just for starters....
Australian pension fund CIO discusses sustainable investing amid political uncertainty
...It would continue to use capital and expertise to support clients in their energy transition and managing climate risk....
...As MSCI’s chief executive Henry Fernández said at an RBC Capital Markets conference earlier this month: . . . We’re in a journey of becoming a very large, giant data gathering, data building company....
...In fact, it’s almost a third of the entire private capital industry’s overall $13tn of assets under management (zoomable version)....
...If we’re investing sustainably, that psychological bias is even stronger, as it often reflects an initial wariness of the fund management industry: the desire to pursue returns regardless of how they are...
...One scoop to start: Somerset Capital Management, the boutique fund manager co-founded by Tory MP Sir Jacob Rees-Mogg, is to wind down after large client redemptions made the business unsustainable....
...They also believed that private capital, an industry started decades ago by small teams of mercenary dealmakers, was entering a phase of consolidation in which size, resources and the ability to win access...
...“Elon is hedging his bets,” said Christopher Tsai, chief investment officer at Tsai Capital, a Tesla investor....
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