Thanks to laxer rules and a surge in product innovation, assets in actively managed exchange-traded funds (ETFs) reached a record $1 trillion globally at the
Category: Fund Management
Goldman Sachs says that hedge funds switching to financial sector stocks for long positions.
Hedge funds last week bought these corporate equities at the quickest rate since June 2023, putting banks, insurance, and trading firms back in demand, according
Investors pump $37b to money market funds ahead of Fed rates cut in September.
In anticipation of a September interest rate reduction by the US Federal Reserve, investors poured $37 billion into cash-like money market funds (MMFs) in the
Revolut joins big European banks with 45m customers globally and a $45b valuation after the share sale.
Revolut, a financial technology company based in Britain, announced on Friday that it has sold secondary shares to both new and current investors, valuing the
SocGen to divest UK and Swiss private bank units for $1b and focus on France, Luxembourg, and Monaco.
The British and Swiss private banking divisions of the French bank Societe Generale, will be sold to Union Bancaire Privee (UBP) of Switzerland for 900
Goldman Sachs Alternatives to lend $20b to private equity-backed global businesses.
The alternative investments platform of Goldman Sachs Asset Management said on Wednesday that more than $20 billion had been raised for senior direct lending through
BlackRock assets reach a milestone of $10.5tr, profits surge as markets rally.
The world’s largest asset management, BlackRock, reported on Friday that its assets, which are open to the public, reached a record $10.5 trillion in the
JPMorgan outsources a $500b custody business to StanChart and HSBC in Taiwan and Hong Kong.
With assets worth more than $500 billion, JPMorgan Chase has chosen HSBC and Standard Chartered to run its custody businesses in Hong Kong and Taiwan,
Barclays leverages credit risk transfer with the sale of $1.1b US credit card debt to Blackstone.
Barclays has agreed to sell Blackstone around $1.1 billion in credit card debt in the US. The British bank claimed that this transaction would free
US judge rules that Barclays must answer to the shareholders’ lawsuit on the $17.7b debt sale blunder.
On Friday, an American judge said that Barclays would have to deal with a proposed class action from investors who claimed the British bank had
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