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...Sieg has told employees that part of his strategy is to sell clients more investment products and get paid a management fee on their assets, according to people familiar with the matter....
...Although prestigious and highly valued, the prime London estate yields less income than riskier ventures and assets....
...Only two of the 16 onshore ETF issuers are international fund houses — Japan’s Nomura Asset Management and Singapore’s UOB Asset Management....
...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...
...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....
...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....
...As an international asset management centre, UK asset managers should be able to capture this growth....
...Fixed income is also a particular area of focus for JPMAM. Active management beats passive in fixed income, hands down, said Gatch....
...Management....
...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...
...Strong business at State Street’s asset management and technology arms helped underpin forecast-beating revenue of $3.04bn in the fourth quarter, but net income fell 71 per cent year on year to $210mn....
...“This is one of the most fundamental changes in the asset management market,” he said, noting that in the US mutual funds shed about $800bn in assets last year, while ETFs gained about $800bn, with active...
...Results on Friday showed assets have shot up to a stonking $10.5tn, thanks in no small part to bitcoin ETFs and buoyant stocks, while net income was up by over a third from the same period last year....
...Bird’s aim was to cut expenses and boost income by expanding wealth management and selling more investments directly to consumers....
...US investment firm Harris Associates, which has more than $100bn in assets under management, “sold the stock last year as [we] lacked confidence that management could repair the business”, David Herro, the...
...Only 15 per cent of subscribers saved at the maximum, rising to 39 per cent of those with income of £100,000 to £149,999, and to 61 per cent of those with income of £150,000 or more....
...“We are facing the last hurdle in the killing of inflation, particularly in the US,” says Matthew Morgan, head of fixed income at Jupiter Asset Management....
...Catching US rivals such as BlackRock and Vanguard would require hugely bulking up its roughly $2tn of assets under management, a fraction of those peers....
...Its asset management unit, DWS Group, which is separately listed on the Frankfurt stock exchange, reported inflows that drove assets under management to a record high of €941bn as investors flocked to low-margin...
...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...
...Harrison began his career at Schroders and then held roles at other asset managers including Newton Investment Management, JPMorgan Asset Management and Deutsche Asset Management....
...Here’s more on the proposal that has spooked the asset management industry....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...Whether an older investor looks towards riskier assets may depend on the broader circumstances of their retirement income....
...One thing to start: Happy new year and welcome back to FT Asset Management. I hope you had a great break....
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