Hints and tips:
...HPS was founded in 2007 as a division of Highbridge, JPMorgan Asset Management’s hedge fund unit, and was spun off in 2016....
...Asset managers have also been supporting executive pay petitions filed by outsiders, as opposed to the companies themselves....
...Mutual funds have enabled millions to invest in the stock market since they were introduced 100 years ago, but newer, nimbler products are reshaping asset management....
...Most CQS staff, including chief executive Soraya Chabarek, will stay on as the firm is folded into Manulife Investment Management, which has $746bn in assets under management....
...Yet two years on, Apollo’s stock price is trading at an all-time high as its assets under management have soared to $600bn, an apparent vindication of the single, integrated company....
...International oil benchmark Brent crude and US gauge West Texas Intermediate have topped $100 a barrel this year, fuelled by the Ukraine war....
...FT Live event: Future of Asset Management Asia The Future of Asset Management Asia is taking place for the first time in-person on 11 May at the Westin Singapore and will bring together Asia’s leading asset...
...News round-up Odey Asset Management abandons Mayfair headquarters (FT) FTX turns to Mike Novogratz’s Galaxy Digital to sell crypto tokens (FT) GAM starts funding talks with investors after Liontrust bid...
...The acquisition of Boston-based Putnam will add another $136bn in assets under management, 30 per cent of which are in retirement plans....
...STC isn’t the first Gulf telecoms power to look to the west....
...About 75 per cent of Apollo’s assets under management are in private credit....
...Welcome back to FT Asset Management....
...Briger characterised the deal as a “management buyout”....
...But they do indicate that the people Saperstein has been adding are aware of their franchise value, and they contribute to the sense that the growth in assets under management might not be quite as organic...
...BlackRock, with $8.6tn in assets under management, has been under particular scrutiny because chief executive Larry Fink has promoted sustainable investing at the world’s largest asset manager....
...With just $4bn in assets under management, Iron Park failed to scale. Smith is hoping to draw more assets under the General Atlantic umbrella....
...SNB said it invested to work with Credit Suisse on developing asset management, wealth management and investment banking services in Saudi Arabia....
...The new company, later named Apollo Global Management, after the sun god, was led by Black and five other former Drexel executives....
...Asset managers and pension funds complained that the requirement limited the advisers’ independence and did little to protect investors....
...There was inane risk management, where companies took massive leverage and asset liability mismatch . . ....
...It was a filing made by an entity named FCM BBBY Holdings, LLC which listed its address as a nondescript Wyoming office building....
...One might presume that the sanctions preventing Russian tycoons from maintaining their fortunes in the west could motivate a “palace coup” against the Kremlin....
...Brookfield Asset Management is weighing a spin-off of its asset management business into a separate public company, a move that would mark a dramatic shift in strategy by one of the world’s largest alternative...
...But BlackRock, Vanguard and other big asset managers tend to vote against board members when they serve at more than four companies....
...kadhim@ft.com / sid.v@ft.com...
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