Latest news with #assetmanager
Bloomberg
2 days ago
- Business
- Bloomberg
BlackRock Weighs Selling Stake in Saudi Aramco Gas Pipelines
By Dinesh Nair and Save BlackRock Inc. is considering a sale of its stake in the leasing rights to Saudi Aramco 's natural-gas pipeline network back to the energy giant, according to people familiar with the matter. The asset manager is in talks with Aramco about a potential deal, the people said, declining to be identified as the information is confidential. The US firm will weigh other options for the asset if the discussions fail to lead to an agreement, some of the people said.
Wall Street Journal
26-06-2025
- Business
- Wall Street Journal
BlackRock Deepens Push Into Private Investments for the Masses
BlackRock BLK 1.30%increase; green up pointing triangle is accelerating a push into private investments by including them in funds for 401(k) retirement plans. The world's largest asset manager plans to offer a 401(k) target-date fund with a 5% to 20% allocation to private investments, depending on an investor's age, in the first half 2026, the company said.
Times
25-06-2025
- Business
- Times
Liontrust posts 28% drop in pre-tax profits as investors shun London
The pressure on Britain's active fund management industry has fuelled a sharp fall in profits at Liontrust, which also rattled investors by signalling that it would cut its dividend. Shares in the London-listed asset manager closed down 53½p, or 13 per cent, at 358p after it reported a 28 per cent decline in adjusted pre-tax profits to £48.3 million in the 12 months to the end of March as it was hit by clients continuing to pull their funds. Net outflows totalled £4.9 billion during the period in the third consecutive year of withdrawals by Liontrust customers, knocking the assets overseen by the group to £22.6 billion. Like other fund managers that focus on UK equities, Liontrust has suffered in recent years as investors have shied away from the London stock market in favour of more attractive opportunities elsewhere, particularly in the United States. As an active manager that picks and chooses investments, it has also faced stiff competition from cheaper passive funds that simply track indices.
Bloomberg
05-06-2025
- Business
- Bloomberg
BlackRock to Eliminate About 300 Jobs in Second Cut This Year
BlackRock Inc. is planning its second round of job cuts this year after the world's largest asset manager splurged on $28 billion of deals to wade deeper into private markets. The firm is set to cut about 300 people months after a similar move at the start of the year, according to people with knowledge of the matter. The reductions this month will amount to a little over 1% of its workforce, with the investment firm counting about 22,600 employees at the end of March.
Bloomberg
28-05-2025
- Business
- Bloomberg
Bravo Partners With Middle East Investor on US Property Loans
Bravo Property Trust, a real estate credit investment platform, signed an agreement with a Middle Eastern investment manager to finance $400 million of property loans in the US. Bravo signed an agreement with a Middle Eastern asset manager that oversees sovereign wealth fund capital, according to a statement that didn't name the investor. The capital will be deployed across whole loan bridge, construction and stabilized apartment and healthcare-property deals.
