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Blackstone to Raise $3B Pan-Asia Fund, Posts 2Q Earnings
Asset Management
On the same day Blackstone released a 2Q earnings report reflecting substantial growth, Reuters reported that the buyout giant is aiming to raise up to $3 billion for a debut Pan-Asia fund targeting investments in the manufacturing and healthcare sectors. IBM's Complicated Watson Could Be Destroying Shareholder Value Silver Lake Registers To Raise Latest Behemoth Fund Such a fund would
Falling Oil Prices Brings EnerVest Fund to its Knees
Asset Management
Having borrowed $1.3 billion to buy oil and gas wells in 2013, a $2 billion EnerVest fund has now lost almost all of its value after energy prices plunged, reports The Wall Street Journal. Managed by Houston private-equity firm EnerVest Ltd., the fund has received investments from endowments, charities, and major pensions, as well as Wells Fargo & Co., per
Blackstone Continues Dealmaking Spree
Asset Management
Blackstone CEO Stephen Schwarzman recently expressed frustration with the private equity giant’s flat stock price, but he still has plenty to be happy about. The firm has churned out deals at a frenzied pace of late, with 39 completed transactions under its belt so far this year. That figure trails only KKR’s 45 completed deals, per the PitchBook Platform. Pershing
10 Reasons ESG Investing Is Growing
Asset Management
According to the Global Sustainable Investment Alliance, over $22 trillion of assets were managed under responsible investment strategies globally in 2016, up 25% from two years before. This is one of many statistics showing Environmental, Social and Governance (ESG) investing moving into the mainstream. We see 10 major trends contributing to the rise. Good governance is systemically important. The financial
Bank of America Trashes Risk Parity Funds, Launches One a Month Later
Asset Management
Bank of America Merrill Lynch recently released a research note suggesting that Risk Parity investment strategies currently represent a substantial source of systematic risk in global markets. The note was picked up breathlessly by several media outlets and posted under sensationalist headlines employing eye-catching terms like “spectre,” and “mayhem.” The introduction to the actual report says: Last week’s sharp sell-off
Growth Spurt for Active Managers
Asset Management
US growth stocks surged in the first half of 2017, fueled by mega-cap technology companies. Active managers of growth portfolios have done especially well, reinforcing the case for stock-picking strategies. Last year was tough for investors in US growth stocks. Only 6% of active managers in large-cap growth equities beat their benchmarks during 2016—the worst year on record. But this
Algos Expand into the World of Long-Term Investors
Asset Management
Algorithms are expanding their reach in the world of trading, a Greenwich Associates report observes. What was at one point the purview of high-frequency traders and systematic CTAs has now moved to the point long-term investors and corporate end-users are using algorithms to execute their FX trades. This is having an impact on markets, with different types of algorithms suiting
Cybersecurity ETF Has a Treat For Investors: Lower Annual Fees
Asset Management
With all the talk of Russia's alleged cyber interference in the 2016 U.S. presidential election and news of proven cyber security breaches, the PureFunds ISE Cyber Security ETF (NYSE: HACK) has been getting plenty of attention this year. More importantly, HACK, the first and still the largest exchange-traded fund dedicated to cybersecurity stocks, is higher by 15.3 percent year to
Fund Managers Remain Overweight Cash and Underweight US Equities
Asset Management
Summary: Global equities have risen 5% in the past 3 months and nearly 20% in the past year, yet fund managers continue to hold significant amounts of cash, suggesting lingering doubts and fears. They have become more bullish towards equities, but not excessively so: less than half expect better profits and a better economy in the next 12 months. Allocations
Massive Inflows Into Global Bond Funds
Asset Management
Europe Bond Funds see record inflows At the end of May, Barron’s reported that according to EPFR the Boston-based fund monitor, the collective performance of EPFR Global-tracked Bond Funds is running at around a quarter of the number turned in by Equity Funds. However, it seems investors are gradually trying to correct this imbalance. For the weekly period ending May 24,