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...“But that doesn’t mean that they are not committed to it . . . The rhetoric is a lot more cautious.”...
...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...
...Leahy, who joined CD&R in 2011 and chairs its UK supermarket chain Wm Morrison, told the Financial Times: “We need to add to our team because there are lots more opportunities . . . and you don’t want to...
...Fraser told investors last month that the wealth management business “isn’t where it needs to be”....
...Leahy declined to say how the fresh capital would be deployed by Morrisons, adding: “We don’t give a breakdown between the investment [in the business] and the reduction in debt.”...
...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....
...After a successful debut, user interest hasn’t translated into a rising share price. But tech platforms like having users on board....
...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....
...“Earnings would have collapsed if rates hadn’t gone up and they hadn’t overcharged clients for their cash,” the short seller added....
...The Big Dog doesn’t really want to get involved in management, but that won’t stop them from second-guessing and undermining the other co-head when the fancy strikes....
...However, the money doesn’t come from the sheer volume of indices, which is admittedly staggering....
...I don’t know what it is about newsletters, but readers are really quick to get in touch and say hi, which is nice. Hi back. Anyway, here’s the lowdown on asset management for this week....
...US hedge fund Elliott Management has instead been on a buying spree, betting that the market has grown too pessimistic over potential losses....
...You can’t, as they say, make this stuff up....
...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...
...So everyone piled in and production shot up, but near-term demand hasn’t materialised....
...A high management score for an individual company doesn’t necessarily mean it will be more aligned with a net zero target....
...If this wasn’t provocative enough, bondholders were then told that they should brace themselves for haircuts....
...Its decline comes as outflows from the 11 new bitcoin exchange traded funds hit nearly $500mn in the last two days, according to data compiled by CoinShares, an asset management group....
...“If future generations don’t feel hopeful about this country and their future in it, then the US doesn’t only lose the force that makes people want to invest....
...“This is a big one, if that wasn’t obvious.”...
...As they don’t question themselves, they don’t develop empathy skills as fast and are less self-aware. “If you’ve been a star and rarely failed, you probably haven’t done the work on yourself.”...
...Growth for T Rowe, which has $1.4tn under management, is not expected to turn positive until 2025 at the earliest, the company said....
...And don’t miss Antoine and Brooke’s profile of Ogunlesi, who rose to head investment banking at Credit Suisse before founding GIP in 2006....
...These funds don’t engage with companies, they rely on third-party rating agencies’ opinions, and can’t divest if they’re not happy....
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