Institutional Investor (December 1)
“Competition to manage middle eastern sovereign wealth has become fierce.” Five of the top ten sovereign wealth funds (by assets under management} “are based in the Middle East” with “roughly $2.92 trillion in assets.” Given “bleak fundraising prospects in the U.S. and Europe, managers are tripping over themselves to reach sovereign wealth funds” in the Middle East.
Tags: $2.92 trillion, AUM, Competition, Europe, Fundraising, Managers, Middle East, Prospects, Sovereign wealth funds, Top ten, U.S.
Institutional Investor (August 6)
“Markets may have bounced back quickly from March’s Covid-19 crash, but the asset management industry will not escape 2020 unscathed.” The pandemic is “expected to shrink” the global asset management industry by almost $2 trillion. “The decline in global assets under management ends more than a decade of growth for money managers.”
Tags: Asset management, AUM, COVID-19, Crash, Decline, Growth, Markets, Money managers, Pandemic, Shrink
Institutional Investor (April 1)
“Traditional asset management firms are expected to lose around a third of their assets under management as a result of the coronavirus pandemic.” Fitch Ratings expects BlackRock to be least scathed, although it is still expected to lose over a quarter of its AUM, while AllianceBernstein is “projected to be the worst hit of the peer group,” losing up to 40.4% of its assets.
Tags: AllianceBernstein, Asset management, AUM, BlackRock, Coronavirus, Fitch Ratings, Pandemic, Traditional
Institutional Investor (July 20)
“After eight straight months of positive returns, hedge funds may have finally redeemed themselves in the eyes of investors…. Total industry assets under management rose by $34.1 billion to $3.1 trillion, with positive returns boosting asset growth. The renewed interest in hedge funds comes in the midst of industry’s greatest period of performance since the financial crisis.”
Tags: AUM, Financial Crisis, Growth, Hedge funds, Investors, Performance, Positive returns, Returns
Euromoney (August Issue)
“Singapore’s long drive to become the world’s leading centre for private asset management is gaining momentum as Asia’s wealthy exert greater influence and overseas investors flock to the city state.” Singapore is now a “legitimate rival to Switzerland,” with estimates the island state will overtake the Alpine nation in terms of assets under management by 2015.
Tags: Asia, Asset management, AUM, Influence, Investors, Momentum, Singapore, Switzerland, Wealthy
Institutional Investor (August Issue)
With ￥108 trillion in assets under management, Japan’s Government Pension Investment Fund (GPIF) is almost six times the size of CalPERS. “Even more striking than the fund’s gargantuan size is its composition: Fully three quarters of the GPIF is invested in bonds, including ￥58.4 trillion of domestic bonds and ￥14.4 trillion of government agency debt.” This “mountain of government bonds” is “a low-return and potentially high-risk strategy,” and stands in contrast to other pension funds which are “trying to grow their way out by continuing to bet heavily on equities and making ever-larger allocations to private equity, hedge funds, real estate, infrastructure and other illiquid assets.”
