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...Is the asset management industry ready for T+1?...
...The blue-chip S&P 500 dropped 1 per cent, while the tech-heavy Nasdaq Composite fell 2 per cent....
...Most of the nearly $500bn increase in assets under management in the first quarter was due to rising equity markets. In the US, the S&P 500 had its best first quarter since 2019....
...Roaring equity markets and the popularity of its new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income of $1.57bn that was up 36 per cent year...
...Reallocating just 1 per cent of assets under management globally to emerging markets each year could have a transformative impact on growth and development in these countries....
...Again there is a wide variation in how the asset management industry has answered this for balanced funds. Each method has its benefits and flaws....
...Enter the UK asset management sector, likely to provide a flicker of optimism this week with interest rates no longer rising and restructuring efforts moving apace....
...Among large ETFs in Europe with similar exposure, the Invesco S&P 500 Ucits ETF, which has $18.5bn in assets under management, has a TER of 0.05 per cent....
...The first is a standalone public company — albeit with a lot of other businesses bolted on — while the latter two are part of broader listed companies, S&P Global and LSEG respectively....
...Goldman Sachs’ Petershill Partners, which owns minority stakes in alternative asset companies, has bought a stake of more than 20 per cent in private credit specialist Kennedy Lewis Investment Management...
...Passive management has gained ground because it is cheap, with annual management fees often a fraction of a percentage point....
...The audacious move has ignited a rare public feud in the asset management industry: on Monday Barings filed a lawsuit against two of its defecting executives and Corinthia....
...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....
...A high-profile shareholder in Abrdn dumped the stock after losing faith in management’s ability to turn the flagging UK asset manager around, adding to pressure on chief executive Stephen Bird....
...In the UK, The Investment Association estimates that passive accounts for a third of all assets under management, and index fund assets eclipsed those in actively managed funds in the US market at the end...
...Here is a Verdad chart showing its favoured measure of quality — the median ratio of gross profits to assets — broken down by sector but excluding healthcare....
...As an international asset management centre, UK asset managers should be able to capture this growth....
...Without periodic disposals to provide a reality check, the firms need to find a way to inspire confidence in how net asset value is calculated....
...He quit as chief executive of Apollo Global Management soon after they became public....
...I bought an S&P 500 fund a few weeks later, selling again in September for a tidy 12 per cent profit. I felt smug after share prices dropped almost a tenth over the subsequent two months....
...distressed debt specialists such as Apollo and Elliott Management....
...DRSK invests 90-95 per cent of its assets in investment-grade corporate bonds, with the balance used to buy call options on large-cap stocks and sectors in the S&P 500....
...Flows into S&P 500 ETFs were boosted by a technical factor last year when the $533bn SPDR S&P 500 ETF Trust (SPY) pulled in $31bn in two days in December....
...The bank’s asset management arm boasted a 44.2 per cent market share in Europe at the end of March, according to figures from Morningstar, far ahead of Pimco, with 14.6 per cent and Fidelity with 11.1 per...
...The interview with Drews, one of the very few women at the top of asset management globally and the only foreign leader of a leading financial services company in Japan, is part of our latest Women in Business...
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