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...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”....
...In other words, it seems possible that the management team is just not very good.”...
...It is investing heavily to build data centres and has struck deals to purchase a $17bn portfolio of bank loans and privatise a Canadian multifamily real estate business, partially by using Breit....
...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....
...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....
...Dec Mullarkey of SLC Management sent along a 2023 OECD study looking at the productivity-jobs relationship across 13 countries....
...Dell’s family office, DFO Management, has agreed to provide the first outside capital to 5C Investment Partners....
...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...
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
Data suggests they make up 51% of assets and rebalancings can send billions sloshing through markets
...For one, management mentioned last year’s 90-per-cent (!!) slowdown in originations of loans for multifamily housing. But its steep and surprising decline in net interest margin is key....
Passive beneficiaries, aggressive margins
...The management of Altice’s heavily indebted French telecoms business badly burned bondholders last month, when they carefully explained on a results call that, because modern-day debt covenants have more...
...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....
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...But Cboe is tying itself into knots attempting to show that 0DTEs are some kind of sober risk management tool. They’re not. They’re lottery tickets on financial market outcomes....
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...Some businesses continued to struggle, including the wealth management division....
...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....
...BlackRock has been the main beneficiary of the era of US spot bitcoin exchange traded funds — a move its presence helped to bring about — and has attracted nearly $19bn assets under management, according...
...As a result, the financial effects of management quality are often measured by treating them as a residual....
...Brookfield has bid on $4.4bn in affordable housing loans to apartment buildings in New York City that the FDIC is selling as part of the auction of New York-based Signature’s assets, which mostly comprise multifamily...
...We’re in risk-management mode. Powell’s posture was remarkably relaxed....
...BNP Paribas Asset Management launched its first active ETFs in Europe in February....
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