Rob Kapito in line for at least $20mn in retirement incentives beyond annual pay and company stock
World’s largest asset manager believes we are at a ‘turning point’ as take-up of active ETFs accelerates globally
And changing its nature in the process
Plus, a small-cap legend retires, the march of India’s stock market, and Antony Gormley at Houghton Hall
The head of the giant asset manager has been grooming a new top team for more than a decade. Some worry he is taking too long
Manager’s regional business, which saw a 50% drop in inflows in 2023, is underperforming Europe and US
More than 40% of global ETFs launched in H1 were active, compared with about a quarter in 2021
World’s largest money manager sees assets under management hit record high of $10.6tn
Preqin acquisition gives access to data but does not solve problems such as illiquidity of assets, say industry observers
Consortium bets on growing demand for independent asset management among younger, more tech-savvy clients
New private equity vehicle Rosebank Industries whose other backers include Norges and GIC will offer boost to London market
Only two climate-related proposals received majority support this year, and no diversity initiative cleared 50%
Sale of Preqin for £2.5bn has catapulted founder Mark O’Hare into ranks of Britain’s wealthiest people
Plus, Blackstone becomes a whale in private equity debt and Shari Redstone revives her sale of Paramount
World’s biggest asset manager attempts to balance the demands of European and US clients on decarbonisation
Aspirational deals are tricky when the opportunity cost of risk capital is so high
Pursuit of data providers has grown alongside demand for ever more granular financial information
The $10.5tn money manager emphasises investor choice after a backlash to its advocacy for sustainable investing
Saba Capital founder argued funds underperformed competitors and traded at a discount to their asset values
Each of the Irish-domiciled Ucits funds will have a different geographic focus
FTSE 100 group rebuffed third takeover proposal for mining megamerger
The first outsider to lead the $9tn money manager will take up his role in July
Asset manager pushes deeper into digital assets after ETF success
Creation of subsidiary is US money manager’s latest move to build ties and win mandates in Middle East
Asset manager’s chief has become a popular target for criticism over its ESG investing stance
