All articles tagged with #asset management
Janus Henderson is being acquired by Trian Fund Management and General Catalyst for $7.4 billion, with the deal expected to close in mid-2026, aiming to enhance investment in people, technology, and clients.
Goldman Sachs is acquiring Innovator Capital Management for $2 billion to strengthen its asset management division, focusing on the fast-growing defined-outcome ETFs segment, with the deal expected to close in Q2 2026.
Ukraine is requesting more flexibility in how it spends a €140 billion loan from Russia, which is part of a financial aid package. The article also discusses subscription offers for Financial Times journalism, but the main focus is on Ukraine's appeal for flexible use of the loan funds.
Citigroup is outsourcing $80 billion of client assets to BlackRock, closing its last in-house asset management operations to streamline its wealth business and focus on the mass affluent market, with the new partnership expected to enhance capabilities and expand private markets management in the future.
Goldman Sachs plans to invest up to $1 billion in T. Rowe Price, acquiring about 3.5% of the firm, and will collaborate to offer private market products to retail investors, focusing on retirement solutions amid industry shifts and asset outflows.
Goldman Sachs plans to invest up to $1 billion in T. Rowe Price and collaborate on private-market investment products, signaling a strategic move to strengthen its position in alternative assets and retail investor offerings amid industry competition and T. Rowe's recent challenges.
Hedge funds experienced their strongest inflows since 2015 in the first half of 2025, attracting $37.3 billion amid turbulent markets and outperforming the S&P 500, with some funds posting double-digit gains, and industry assets reaching $4.74 trillion.
Goldman Sachs is introducing a new program offering select junior bankers a pathway to asset management roles within the firm after their investment banking tenure, as a strategy to retain talent and counter private equity poaching, amidst broader industry recruiting challenges.
The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to consider cryptocurrency holdings as valid assets when assessing mortgage applications, potentially allowing borrowers to use crypto assets for home financing without converting them to dollars, aiming to expand access to homeownership and recognize the growing role of cryptocurrencies in financial portfolios.
BlackRock’s iShares Bitcoin Trust (IBIT) became the fastest ETF to reach $70 billion in assets, achieving this milestone in just 341 days, significantly faster than previous records, and solidifying its position as the largest Bitcoin ETF on the market amid growing investor demand for cryptocurrency exposure.
Allianz has paused discussions with Amundi and its majority shareholder Crédit Agricole about merging its €560bn investment management arm with Amundi, which would create a €2.8tn asset management giant. The talks, ongoing for over a year, have stalled due to disagreements over the control structure of the merged entity. Allianz seeks a co-leadership role, while Amundi views the deal as an acquisition. The pause highlights the challenges of large-scale mergers in the asset management sector amid industry consolidation.
Billionaire investor Bill Ackman has significantly increased his stake in Brookfield, making it the top holding in his hedge fund, Pershing Square Capital. Brookfield, a Canadian investment manager with diverse operations in asset management, wealth solutions, and operating businesses, is seen as undervalued with strong growth potential. CEO Bruce Flatt, known for his value investing approach, has led the company to outperform the S&P 500 and Berkshire Hathaway over the past 20 years. Ackman's investment is viewed as a strategic move to capitalize on Brookfield's projected growth and undervaluation.
David Einhorn of Greenlight Capital argues that the stock market is "broken" due to the rise of passive investing, which he believes undermines value investing by prioritizing growth stocks. He criticizes passive investors for not considering stock value, leading to inflated valuations. Despite the market's high valuations, Einhorn is not bearish, acknowledging that an overvalued market doesn't necessarily predict a downturn. The shift to passive investing is seen as logical due to lower costs and the underperformance of active managers, but it challenges traditional value investment strategies.
Blue Owl Capital Inc. has agreed to acquire Atalaya Capital Management's alternative credit business for $450 million, expanding its asset-based finance capabilities with over $10 billion in assets under management. The acquisition, expected to close in the second half of 2024, will see Atalaya's founder Ivan Zinn join Blue Owl as Head of Alternative Credit. The deal includes $350 million in Blue Owl equity and $100 million in cash, with potential additional earnout consideration.
Goldman Sachs reported strong second-quarter results with a 150% profit increase, but faces challenges due to higher capital requirements imposed by the Federal Reserve following a poor stress test performance. The bank's shift towards asset management and fee-based income hasn't convinced regulators, leading to increased capital requirements. Additionally, work habits from banking are influencing other industries, with professionals finding it hard to take time off.