Hints and tips:
...This was most obvious in venture capital and growth equity, but there are probably some hilarious snafus lurking in many private debt and equity portfolios as well....
...But many fixed-income investors say the growth of bond ETFs has fundamentally changed the market for the better because of their structure....
...L&G’s Wilson said that defined-contribution funds could be similarly mandated to invest 10 to 20 per cent in growth equity and infrastructure....
...Income on those short-term bills and cash-like deposits surged to $1.1bn, up from $164mn a year prior....
...More broadly, the government has announced a wide-ranging series of “broadly sensible … but mainly evolutionary” measures, dubbed the Edinburgh Reforms, to promote growth and competitiveness in the financial...
...But it warns they must go hand in hand with policies that protect against potentially adverse impacts on incomes, jobs and industrial competitiveness....
...Some former executives compare him to Mike “Wags” Wagner, the aggressive but loyal hatchet man of fictional hedge fund manager Bobby Axelrod in the TV series Billions....
...The Financial Services Council, an association representing Australian asset managers, life insurers and superannuation funds, recently issued a series of recommendations aimed at improving gender balance...
...Lord Abbett, a New Jersey-based investment manager, reclassified 32 funds to incorporate ESG in March, but said only that its investment teams “may” incorporate ESG, which indicates they are not obliged...
...Aladdin’s growth is reflected on BlackRock’s balance sheet....
...“The market is already pricing in a delay in the IMF disbursements for both September and October,” said John Morton, a portfolio manager at Lord Abbett....
...For Vanguard to get into private equity — whether setting up funds itself, partnering with other players or simply just offering third-party funds to its clients — depends on a series of tests....
...This remaking of Japan Inc rests on a critical structural shift: the changing role of banks....
...Lord Abbett’s $12.6bn Class I shares of its floating rate fund have returned just 1.9 per cent and Eaton Vance’s $8.6bn I class shares of its floating rate fund have returned 2.1 per cent....
...Hedge funds and risk-parity funds have reduced their equity exposure considerably. But institutional active funds and passive products have room for further outflows....
...They include the asset manager Lord Abbett, where triple B debt accounts for 73 per cent of its corporate bond fund....
...“To me I think Refinitiv would be the poster child of the peak of the market,” says Craig Russ, a portfolio manager at Eaton Vance, which manages some of the largest loan mutual funds....
...But BlackRock dusted itself off and quickly resumed its growth trajectory....
...He also has a legendary temper, renowned smashing a series of computer monitors during a rough patch in the financial crisis....
...Having watched returns dwindle over a decade when interest rates were close to zero and central banks vied with portfolio managers to buy bonds, pension funds and insurers have raced to commit money to what...
...Ms Drew, he says, was “running the biggest hedge fund in the world” and enjoyed the support of Mr Dimon “because she did what he wanted her to do — create additional earnings.”...
...Listed UK fund companies Jupiter and Ashmore, along with Legg Mason, Waddell & Reed, Ameriprise, Nuveen, Lord Abbett and Putnam in the US, are often touted as potential participants in M&A deals, despite...
...There are other consequences to the growth of digital services....
...Multibillion-dollar funds managed by Lord Abbett, Pimco, JPMorgan and Goldman Sachs are benchmarked to BofA’s indices....
...to expand our product portfolio across products and geographies....
International Edition