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...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...Alternative asset managers have increasingly been helping companies to hive off large infrastructure assets in need of heavy new investment outside of their balance sheets....
...BlackRock Riyadh Investment Management will be a wholly owned subsidiary of the $10.5tn US asset manager....
...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....
...Anyone concerned that dubiously dated pickled sharks might loom large in the collateral pool can breathe a sigh of relief: Damien Hirst is not listed among the top five artists in the collateral pool....
...With about $69mn in assets, WisdomTree’s bitcoin ETF is the second-smallest of the 11 such ETFs on the US market....
...Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third....
...He was, though, relaxed about the danger of ever-larger pools of assets in model portfolios destabilising either individual ETFs or the wider markets....
...Investment banking revenue increased despite a “decline in global fee pools”, said Nomura, with a particularly strong performance in Japanese equity capital markets....
...As Stanford Management Company’s Robert Wallace told a conference last month, its endowment is targeting a 57 per cent overall allocation to these three asset classes....
...There are now eight pools that vary in size. A government consultation published last year said only £145bn, or 39 per cent, of assets had been transferred from single funds to the pools....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...Archegos eventually amassed more than $30bn in assets under management, and had concentrated bets in ViacomCBS and Tencent. Things unravelled quickly....
...Other large firms that have refashioned mutual funds as ETFs include JPMorgan Asset Management and Fidelity. JPMorgan Asset Management launched its first ETF a decade ago....
...Others, such as Goldman Sachs and Morgan Stanley, have relied on their wealth and asset management arms....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...Read the full story here Chart of the week Liontrust was once a darling of the UK’s asset management industry, with chief executive John Ions presiding over an increase in assets from £1bn to £36bn in...
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...Phil Smith, head of Emea LDI research at BlackRock, said: “This is about broadening out the pool of assets that can be used as collateral, increasing that resilience and trying to avoid losses from having...
...When it’s up and running, Akatara will become the group’s prime producing asset. The imperative to reduce reliance on the group’s legacy assets comes with a hefty price tag....
...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...
...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....
...“But for guys who want to grow assets, I think they see there’s just a huge pool of assets in retail and they cannot access them with hedge funds....
...It started with float data on equity indices, then it moved to ESG, then it moved to climate, then into private assets. We have the largest databases of private asset classes in the world....
...At the end of December, index funds and ETFs accounted for $6.6tn in assets under management, two-thirds of BlackRock’s $10tn in assets....
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