AssetManagement News & Analysis
6 articles
Market Mood
Brookfield Corporation Aims for 20% Annual Earnings Growth Over 5 Years
Brookfield Corporation (NYSE: BN) plans to grow distributable earnings by 20% or more annually over the next five years. The company currently has around $180 billion in its own capital and $135 billion in insurance assets, with a total of $1 trillion in assets under management at Brookfield Asset Management (NYSE: BAM). It operates in five investment categories: infrastructure, renewable power, real estate, private equity, and credit, aiming to capitalize on global growth. This strategy may position Brookfield favorably in the market if successfully implemented.
Read More
Generali Asset Management Sees Neutral U.S. Rates, Prefers Bunds
Generali Asset Management has expressed a neutral outlook on U.S. interest rates, suggesting they will remain stable. They prefer investments in German Bunds, which are seen as safer securities amid current market conditions. The preference for Bunds indicates a strategic shift towards lower-risk assets while evaluating the global economic climate. This decision may influence investor behavior towards bonds, potentially affecting bond yields and market dynamics.
Read More
L&G and Manulife WAM Partner to Enhance Wealth Solutions with £1.2tn AUM
L&G and Manulife Wealth & Asset Management (WAM) have formed a strategic partnership to develop wealth and retirement solutions across Europe, Asia, the US, Canada, and Bermuda. L&G reports assets under management of approximately £1.2 trillion ($1.6 trillion), while Manulife WAM manages more than C$1.3 trillion ($945 billion). The collaboration will cover multiple assets, including alternative credit, fixed income, and more, aimed at broadening investor access and expanding distribution capabilities. This partnership signifies an enhancement in service offerings in response to increasing demand in the global asset management sector.
Read More
GAM Managers Urge Strategic Review for Liontrust After 85% Stock Decline
Portfolio managers from GAM Funds are advocating for a strategic review at Liontrust Asset Management, citing an approximate 85% decline in share price since September 2021. Liontrust's assets under management fell from £42.3 billion ($56.5 billion) to about £22 billion, leading to a market valuation of just 0.68% of AUM. Since a failed acquisition bid for GAM in summer 2023, Liontrust’s share price has dropped over 60%. GAM Funds hold 2,195,000 shares in Liontrust, equating to roughly 3.6% of its share capital, and the letter highlights leadership's inadequate strategy for recovery.
Read More
River Global Sells Asset Management Division to Liontrust in Strategic Shift
River Global announced its decision to divest its asset management arm to Liontrust, a move aimed at refocusing its investment strategies and enhancing operational efficiency. This transaction underscores a trend in the asset management sector where firms are increasingly consolidating to streamline operations and adapt to evolving market conditions. The sale is expected to impact both companies positively, providing Liontrust with additional assets under management while allowing River Global to concentrate on its core offerings. The deal's financial specifics have not been disclosed, but industry analysts anticipate potential shifts in market positioning and competitive dynamics within the sector.
Read More
Stadion Money Management Invests $24.7 Million in PIMCO Bond ETF
Stadion Money Management has established a significant position of $24.7 million in PIMCO's Actively Managed Bond ETF, highlighting shifts in investment strategies amid current market dynamics. This move is indicative of a broader trend where asset managers are favoring actively managed funds in the face of turbulent economic conditions. The decision may influence other institutional investors to reassess their bond allocations, potentially affecting bond market liquidity and ETF flows. Overall, this investment underscores increasing confidence in actively managed bond strategies during uncertain times.
Read More