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...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...
...Citigroup has started tracking how many calls its private bankers are making to clients as the US lender tries to jump-start its struggling wealth management business, according to people familiar with the...
...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....
...Most of the nearly $500bn increase in assets under management in the first quarter was due to rising equity markets. In the US, the S&P 500 had its best first quarter since 2019....
...US....
...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....
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...puts the size of the US model portfolio market at $5.1tn....
...The top 1,000 most referenced stock and bond market indices in the US fund industry have about $13.5tn of assets benchmarked against them, and are tracked by $18.6tn, according to Morningstar....
...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...
...In the US, particularly, asset managers have come under fire from Republican policymakers....
...BNP Paribas Asset Management launched its first active ETFs in Europe in February....
...The group has been slowly chipping away at BlackRock’s lead in US exchange traded funds, currently one of the hottest parts of the asset management industry....
...Other large firms that have refashioned mutual funds as ETFs include JPMorgan Asset Management and Fidelity. JPMorgan Asset Management launched its first ETF a decade ago....
...US hedge fund Elliott Management has instead been on a buying spree, betting that the market has grown too pessimistic over potential losses....
...BlackRock has scaled back its commitment to Climate Action 100+ while State Street, JPMorgan Asset Management, Pimco and Invesco have withdrawn entirely....
...BlackRock’s bitcoin exchange-traded funded has reached $10bn faster than any US ETF in history, fuelled by a rally that continues to send the world’s largest cryptocurrency to record heights....
...“Much of the friction of understanding bitcoin and doing the work on bitcoin asset managers was done in 2021,” reckons Steve Kurz, global head of asset management at Galaxy, referring to the private bitcoin...
...seize the opportunities ahead of us”....
...US companies have long been outliers in having their chief executives also serve as chairs of the board....
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...“We need these [asset management] companies to be acting on the right side of history. We need them to be helping lead the charge in the way that they were,” he said....
...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...
...Email us about anything else: robert.armstrong@ft.com and ethan.wu@ft.com. NYCB gets worse It is a sign of our times that a pretty big US bank is in deep crisis and nobody much cares....
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