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...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Any deal faces a steep price tag — applying a similar trailing revenue multiple to Meta could value TikTok US at up to $150bn — and the need for Beijing’s sign-off....
...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....
...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”....
Canadian private equity firm failed to secure bids over its £4bn price tag for the holiday resort group
...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....
...That had a starting price of $500, a similar tag to ByteDance’s Pico headsets....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
Data suggests they make up 51% of assets and rebalancings can send billions sloshing through markets
...Galicia will acquire the entire HSBC Argentina business, including banking, asset management and insurance, HSBC said....
Passive beneficiaries, aggressive margins
...ByteDance was valued at $260bn last year and TikTok accounts for most of the parent group’s business, giving it a huge price tag in any potential acquisition....
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...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....
...“Afterwards, he wrote a letter to management, politely removing himself from any further watch exhibitions.”...
...But Cboe is tying itself into knots attempting to show that 0DTEs are some kind of sober risk management tool. They’re not. They’re lottery tickets on financial market outcomes....
...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...
...“Since joining the group, Stéphane Bianchi has demonstrated rare leadership and management qualities,” Arnault said....
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...Monzo, which recently secured a $5bn valuation, has more than 9mn clients while Revolut boasts 40mn customers and secured a £33bn price tag at its latest fundraising....
...After overtaking Tesla as the world’s largest electric-vehicle maker last year, BYD has started releasing higher end models, the latest being its Yangwang U9 electric sports car with that price tag, to try...
...As a result, the financial effects of management quality are often measured by treating them as a residual....
...“He did it, and no one else in the world could have done it, and if the price tag is $56bn, that’s the price tag,” said one former Tesla executive. “He’s Ronaldo, he’s Messi....
...At this point, with an obvious hit on his hands, conventional profit-maximising logic might have led Adler to do three things: make the AeroPress in China; whack up its $30 price tag, and replace older,...
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