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
Category: Fund Management
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
The private credit market has reached $2 trillion as banks are reluctant to make high-risk loans.
The asset management subsidiary of Morgan Stanley collects money from big investors to lend to businesses, to double its private credit portfolio to $50 billion
Top 20 global hedge funds generated $67b for clients in 2023.
Data released by LCH Investments on Monday shows that the top 20 hedge funds in the world by revenue produced $67 billion for investors in
US investment giants Vanguard and Pimco invest in local Turkish assets given rate hikes.
In an attempt to sustain high interest rates following years of unpredictable governance under President Tayyip Erdogan, American investment behemoths Pimco and Vanguard have recently
BlackRock, the world’s biggest asset manager, says bond ETFs will grow to $6 trillion in 2030.
As investors were drawn in by the greatest yields in decades, bond exchange-traded funds (ETFs) amassed an annual record of $300 billion in assets under
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