All articles tagged with #fund management
Originally Published 2 months ago — by Bloomberg.com
BlackRock achieved a record $13.5 trillion in assets under management in Q3, pulling in $205 billion in client funds, driven by growth in private credit, alternative assets, and digital asset initiatives, despite higher costs and strategic acquisitions.
Originally Published 6 months ago — by MarketWatch
Alger's star fund manager Patrick Kelly emphasizes the transformative impact of AI on markets and sectors, highlighting investments in AI-related companies like Nvidia, Microsoft, and Tesla, and advocating for recognizing AI as a major theme of our time that many investors have overlooked. Kelly also discusses the blurring lines between sectors due to technological advancements and the importance of adapting investment strategies to these changes.
Originally Published 1 year ago — by MarketWatch
Matthew McLennan, co-head of the global value team at First Eagle Investments, expresses concerns about the U.S. fiscal situation and high employment, emphasizing the need for diversified and balanced investments. He manages the five-star First Eagle Global Fund SGENX and recommends investing in companies with an "incumbency advantage in industry niches that are available at the right price." McLennan's stock picks include companies involved in AI such as Meta Platforms and Oracle, as well as Latin America's leading beer maker AmBev, China's Prosus, and Exxon Mobil. Stock futures are languishing and bond yields dipped ahead of a two-day Fed meeting, while gold is higher. After hours, Alphabet, Microsoft, and AMD are set to report earnings, and the IMF lifted its global economic growth outlook.