Julius Baer plans bonus change to focus more on asset growth
JULIUS Baer Group is planning to adjust its bonus system as part of an effort to attract more client money under interim...
‘We are here for the long-term’: TE Capital taps over 70 years of real estate experience to forge ahead
SHORTLY after she co-founded real estate investment firm TE Capital in 2019, Emilia Teo found herself negotiating the firm’s first deal at...
Start deploying your cash amid rate cuts, ever-changing geopolitics: market watchers
IMPENDING rate cuts and rising geopolitical risks suggest that investors need to re-assess their investing strategies in 2024. This includes moving assets...
Eastspring Investments names new chief investment officer
EASTSPRING Investments, the asset management business of Prudential, on Thursday (Feb 22) said it appointed Vis Nayar as chief investment officer (CIO)...
How Gen AI will change asset management
THERE is little doubt that generative artificial intelligence (AI) is a massively disruptive innovation that will bring both job destruction and enhancement...
BlackRock’s ESG fund business soars despite attacks by US Republicans
DESPITE a barrage of Republican attacks, lacklustre returns and diminishing client interest in the US, BlackRock has been quietly expanding its dominance...
KKR profit beats estimates on record fees, insurance unit
KKR & Co posted a fourth-quarter profit that beat Wall Street estimates, fuelled by record fee-related earnings and strength in its Global...
Hong Kong billionaire Richard Li seeks to sell asset manager PineBridge: sources
HONG Kong investment firm Pacific Century Group (PCG), founded by billionaire Richard Li, is seeking to sell its majority stake in asset...
Blackstone profit unexpectedly rises as president touts ‘virtuous cycle’
BLACKSTONE’S profit climbed 4 per cent in the final quarter of 2023 as president Jon Gray sees an inflection point for private...
Abrdn plans to cut 10% of workforce as assets hit record low
ABRDN plans to eliminate roughly 500 roles, or about 10 per cent of its workforce, as part of a programme to save...