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CEO projects share of sales will double as companies integrate technology into operations
...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Many pension plans are also obliged to make payouts to their beneficiaries, forcing them to resort to the secondary market to raise cash more quickly....
...Fraser told investors last month that the wealth management business “isn’t where it needs to be”....
...The deal marks the end of CPI Property Group’s ownership of the resort....
...In Andermatt-Sedrun, another Swiss ski and golf resort in which a majority stake was bought by Vail Resorts a year ago, the number of overnight stays by North Americans quadrupled last winter....
...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....
...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....
...Brookfield is still considering offloading a minority stake or recapitalising Center Parcs, but could also opt to hold the resort group for several more years, the people said....
...The sheer size and interconnectedness of capital markets have forced central banks — in 2008, 2020 and 2023 — to become a backstop and buyer of last resort of securities to prop up both the banking sector...
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...When Klaus Schwab founded the event in 1971, it was called the European Management Forum....
...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”....
...At the end of March, assets under management in European ETFs stood at €1.81tn, up 10 per cent on the previous quarter....
...These include Six Senses, Aman Resorts, Capella, and Hoshinoya. In the middle of the Covid-19 shutdown in 2020, Park Hyatt and Ritz-Carlton also opened their resorts in the Niseko area....
Passive beneficiaries, aggressive margins
...US hedge fund Elliott Management has instead been on a buying spree, betting that the market has grown too pessimistic over potential losses....
...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....
...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....
...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...
...Prudent management would pause or halt some of the company’s ambitious projects until demand for its $12,000 sofas and dining tables recovers....
...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....
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