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...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....
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...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”....
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...“The fact that Ms McDaniel is on the payroll at NBC News, to me that is inexplicable, and I hope they will reverse their decision,” she said....
Passive beneficiaries, aggressive margins
...He said asset managers had been “heavy sellers” of the currency between October’s payroll report and the middle of January, but since then flows into dollar assets had resumed....
...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....
...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....
...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....
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...As a result, the financial effects of management quality are often measured by treating them as a residual....
...Okuda has pushed the wholesale business unit to reduce its reliance on volatile trading and increase revenues from more stable sources, such as wealth management, which also performed strongly in its fourth...
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Data suggests they make up 51% of assets and rebalancings can send billions sloshing through markets
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