In a first, BlackRock’s mutual fund subsidiary in China established a fund after raising $1.03 billion (6.68 billion yuan) in a shortened subscription period. With this development BlackRock has become the first foreign asset manager to operate a wholly-owned business in… Read More ›
In a statement Brazilian asset manager Patria Investments Ltd said it is slated to reach a valuation of between $1 billion to $1.6 billion in its planned initial public offering (IPO) on Nasdaq. On December 30, Patria, which has $13… Read More ›
In a statement, BlackRock Inc, the world’s biggest asset manager said, it will acquire investment management services provider Aperio Group LLC from private equity firm Golden Gate Capital and Aperio employees for $1.05 billion. It expects the cash deal to… Read More ›
According to a post in China’s securities website, U.S.-based asset manager AllianceBernstein’s Hong Kong unit has applied to set up a mutual fund in China. The website of China’s Securities Regulatory Commission shows that application documents from AllianceBernstein Hong Kong… Read More ›
Late on Sunday, a spokeswoman for Blackstone Group Inc said, the asset manager has reached an agreement to acquire Simply Self Storage from Canada’s Brookfield Asset Management Inc for around $1.2 billion. The news confirms an earlier report from the Wall… Read More ›
On Wednesday, Britain’s biggest asset manager said, it plans on increasing the number of companies it assess and engages vis-a-vis climate change, in order to accelerate global efforts to move towards a low-carbon economy. In a statement Legal & General… Read More ›
In a significant development, some of the world’s biggest asset managers, including BlackRock Inc and Vanguard Group Inc have introduced new exchange-traded funds that exclude fossil fuel companies including coal, oil and companies from other industries, after a number of… Read More ›
On Thursday, Man GLG, the discretionary investment arm of asset manager Man Group stated, it has hired Andrew Swan from BlackRock to lead its ex-Japan equities business. Swan will join the company in Sydney during the third quarter. He will… Read More ›
In a statement, Larry Fink, the CEO of BlackRock Inc, the world’s largest asset manager, said it will not layoff any of its employees during the year because of the coronavirus outbreak. BlackRock will pay full-time wages to support staff,… Read More ›
Franklin Templeton has launched a new fund range in Luxembourg which provides local investors access to U.S. based fund managers. In a significant development, asset manager Franklin Templeton disclosed, following the launch of a new fund range in Luxembourg, it… Read More ›
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