KKR’s first-quarter earnings jump 47% on strong asset sales, fees
(Reuters) – Private equity firm KKR & Co Inc said on Tuesday that its first-quarter distributable earnings rose 47% year-on-year, thanks to a surge in …
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China’s state asset regulator vows to ensure debt risks of centrally administered state firms controllable
BEIJING – China’s state asset regulator vowed on Tuesday to ensure that the debt risks of centrally administered state-owned enterprises are controllable. Peng Huagang, spokesman …
U.S. SEC announces asset freeze against those allegedly behind nearly $450 million Ponzi scheme
WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Friday announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly …
Buyout firm TPG’s fourth-quarter earnings jump 34% on strong asset sales
By Chibuike Oguh (Reuters) – TPG Inc said on Monday its fourth-quarter after-tax distributable earnings rose 34% year-on-year, driven by strong asset sales across its …
UBS, China Life asset management venture plan in limbo as talks stall – sources
By Samuel Shen and Selena Li SHANGHAI/HONG KONG – A plan by UBS and China Life Insurance Group to set up an asset management joint …
Dubai grants crypto exchange Binance a virtual asset licence
DUBAI – The world’s largest cryptocurrency exchange Binance has been granted a licence to conduct some operations in Dubai, the company said on Wednesday, from …
Asset managers freeze $3 billion in Russia funds in market turmoil
By Carolyn Cohn and Simon Jessop LONDON -Asset managers including France’s Amundi and BNP Paribas, Britain’s HSBC and Switzerland’s Pictet have frozen Russia-focused equity funds …
Credit Suisse appoints Fitzgerald, McCaffrey, Rima to asset management roles
ZURICH – Credit Suisse announced on Tuesday three senior appointments to its asset management business, which will operate under a new organisational structure from April …
ECB’s de Guindos says asset purchases must end before raising rates
MADRID – European Central Bank Vice-President Luis de Guindos said on Wednesday that the institution will first need to end asset purchases before interest rates …
Hargreaves’ asset growth, net new business slows; shares fall
By Sinchita Mitra -Britain’s biggest retail stockbroker Hargreaves Lansdown on Tuesday reported slower growth than analysts had expected in the assets it manages and net …
Japanese investors step up overseas asset sales this year
– Japan’s domestic investors are selling foreign equities and bonds aggressively this year, on concerns over monetary tightening by the world’s major central banks and …
China Orient Asset Management gets approval to issue bonds to resolve risks in property sector
SHANGHAI – China Orient Asset Management said on Friday it was approved to issue up to 10 billion yuan bonds in China’s interbank bond market …
Chinese developer Shimao slips on loan payment delay plans, asset freeze reports
HONG KONG – Shares of cash-strapped Chinese property developer Shimao Group eased on Thursday, after it sought to extend payments of a $947 million trust …
Manulife and Sun Life earnings rise on asset management growth
By Nichola Saminather and Sohini Podder – Canadian insurers Manulife Financial and Sun Life Financial narrowly beat quarterly earnings expectations on Wednesday, driven by strong …
Arm deal collapse leaves SoftBank asset sales in disarray
By Sam Nussey TOKYO – The collapse of SoftBank Group Corp’s deal to sell chip designer Arm to Nvidia marks a major setback to the …
Carlyle’s Q4 earnings jump nearly fourfold on record asset sales
By Chibuike Oguh – Carlyle Group Inc said on Thursday its fourth-quarter distributable earnings increased almost fourfold thanks to a record level of asset sales …
Chinese developer Shimao shares rise nearly 5% after more asset disposals
HONG KONG – Shares of cash-strapped Shimao Group rose on Monday after the Chinese developer and its chairman sold a Shanghai hotel and a stake …
Federal Reserve Sticks To Rate Hike Schedule, Signals End To Asset Purchase Stimulus
The Federal Reserve will keep interest rates near zero, and it will begin its rate hike in mid-March, Federal Reserve Chairman Jerome Powell said Wednesday …
World’s Biggest Asset Manager Says Climate Investments Are About Money, Not Being ‘Woke’
Elliot Dordick on January 18, 2022 The head of BlackRock, the world’s largest asset manager, said the firm’s investments in clean energy enterprises are ultimately …