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CEO projects share of sales will double as companies integrate technology into operations
...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Fraser told investors last month that the wealth management business “isn’t where it needs to be”....
...Iger has rallied support for Disney’s board nominees and won the backing of JPMorgan Chase chief Jamie Dimon earlier this month....
...“I want to thank our shareholders for their trust and confidence in our board and management,” Iger said....
...The company recently won the support of investor ValueAct Capital, but another activist firm, Blackwells Capital, said this month that it would put forward its own slate of nominees at the shareholder meeting...
...Investors, including Vanguard and BlackRock, voted in favour of Disney’s 12 nominees “by a substantial margin”, in a blow to Peltz’s Trian Partners....
...Whenever there’s a study that dunks on active portfolio management, we’ll be here to cut and paste. Today’s active management dunk comes from Morningstar....
...Dell’s family office, DFO Management, has agreed to provide the first outside capital to 5C Investment Partners....
...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....
...Ahead of the companies’ annual general meetings this year, Oregon’s state treasurer has asked dissident investors’ board nominees not be “subjected to stricter standards than management nominees” at groups...
...But these can be easily shrugged off by corporate management....
...Salesforce, which a year ago faced an onslaught of activist investors, including Elliott Management, gave Morfit a board seat....
...ValueAct, another activist investor, has backed Disney’s board nominees....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...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”....
...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....
...At the end of March, assets under management in European ETFs stood at €1.81tn, up 10 per cent on the previous quarter....
...It said: “We are comfortable that management has a viable plan to address the important matters facing the company.”...
Passive beneficiaries, aggressive margins
...He or she has to be kept happy because of the money they bring in, but nobody in their right mind would put someone like this in a management role....
...US hedge fund Elliott Management has instead been on a buying spree, betting that the market has grown too pessimistic over potential losses....
...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....
...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...
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
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