asset management

Allianz posts record profit, calls Asia deals a ‘grand design’

Allianz is deepening its push into Southeast Asian wealth management after its investment arm agreed to acquire UOB United Overseas Bank Limited Asset Management for S$555 million (US$433 million), the second major Singapore deal announced by the German insurer in…

Brookfield completes full acquisition of Oaktree

Brookfield Asset Management completed its acquisition of Oaktree Capital Management on August 3, fully combining the two firms in a deal that expands Brookfield's global credit platform to $365 billion and makes the United States its largest market.

J.P. Morgan’s Ethereum tokenized funds top $900M

J.P. Morgan's JPMorgan Chase & Co. tokenized money market funds on Ethereum have surpassed $900 million in combined onchain assets under management, cementing the bank's position as one of the largest institutional players deploying traditional financial products on a public…

Goldman Sachs launches AI investing platform AlphaAI

Goldman Sachs The Goldman Sachs Group, Inc. Asset Management has launched an artificial intelligence investing platform called AlphaAI, positioning the Wall Street giant to use AI as a core driver of returns across its public and private market businesses.

BNY moves $8.6T fund recordkeeping onto blockchain

BNY The Bank of New York Mellon Corporation, the world's largest custodian bank, announced on Wednesday the launch of a blockchain-based Digital Transfer Agency platform that moves fund ownership records and investor transactions onchain, covering approximately $8.6 trillion in assets…

BlackRock loses another private credit leader amid HPS integration

Stephen Allan, BlackRock's head of Australasia private credit, has left the firm, according to Bloomberg, adding to a string of senior exits from the asset manager's private credit operations following its acquisition of HPS Investment Partners.

Mubadala opens $25B credit portfolio to outside investors

Abu Dhabi's Mubadala Investment Co. is opening its credit business to outside investors for the first time, transferring a $25 billion credit portfolio to its alternative asset management arm, Mubadala Capital, according to Bloomberg. The sovereign wealth fund will commit…

Saudi central bank pulls billions from global asset managers

Saudi Arabia's central bank has withdrawn billions of dollars from at least two international asset management firms in recent months, according to a report by Bloomberg, marking a shift toward a more selective approach to managing the kingdom's overseas reserves.