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...Grosvenor has also boosted its investment into international property with other asset managers....
...Although Signa Holding, the group’s parent company, is now in the hands of an independent administrator, the two subsidiaries that own the bulk of Signa’s assets are still being run by existing management...
...Any excess distributions are fully reflected in Breit’s reported net asset value, resulting in zero impact on total returns,” Blackstone said in a statement....
...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...Nomura Asset Management, Vanguard and BlackRock are all major shareholders, and Elliott’s stake is at least 2.5 per cent, according to people familiar with the situation....
...Read the full story here Chart of the week Liontrust was once a darling of the UK’s asset management industry, with chief executive John Ions presiding over an increase in assets from £1bn to £36bn in...
...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....
...The 62-year-old Australian, whose audacious poaching of more than 20 senior executives from asset manager Barings last month has already sparked litigation, spent 20 years running a property business that...
...It also sold billions in property assets, such as hotels, self-storage operators and an interest in the Bellagio, a Las Vegas casino....
...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....
...Sotheby’s can pay its agents more, Azar said, in part because he has torn up the traditional system of neighbourhood offices, giving his agents geographic freedom and cutting layers of management....
...Efforts at Gucci to turn around its business under new designer Sabato de Sarno as well as new management after several years of declining sales have yet to bear fruit....
...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....
...The return of tourists to Japan has boosted business for the hotel management units of local property groups....
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...The company anticipated more forced sales as “the number of refinancings is gathering pace” and some property funds faced pressure to dispose of assets in order to meet investor redemptions....
...However, the rating agency did say that it saw the suspension of debt payments as “a portfolio management exercise by BPY, not a default”, and that parent Brookfield Corporation, with $850bn of assets under...
...Alexander Yokum, an analyst at CFRA, downgraded NYCB’s shares to “hold” on Wednesday, saying: “Our diminished view reflects falling confidence in management’s ability to integrate its recent acquisitions...
...Lehman’s scattered entities around the world had well-documented assets — including property and financial instruments such as derivative positions — that could be sold to return cash to creditors....
...The implications for the developer’s mainland assets remain uncertain under the separate legal systems....
...Moody’s said NYCB faced numerous “financial, management and risk management” issues....
...Founded in 1984, Escobar Inc is a holding company set up by Roberto in Medellín, according to its website. It manages the assets of the Escobar family, including intellectual property rights....
...He was, though, relaxed about the danger of ever-larger pools of assets in model portfolios destabilising either individual ETFs or the wider markets....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...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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