Business & Finance
How the family office became one of the world’s fastest wealth generators
The sector has expanded from a small number of groups to about 15,000 offices worldwide and an estimated $5.9tn in assets.
Asset manager
Business & Finance
ETFs could seize half of current US mutual fund assets, says Citi
Analysts at the bank said the asset management industry is in a ‘paradigm shift’ and changes could happen within 10 years.
Business & Finance
Bond giant Pimco favours gilts over US Treasuries amid inflationary pressure
Fund manager projects Federal Reserve will cut interest rates more slowly than other central banks.
Business & Finance
Invesco wants to use generative AI to cut costs but not yet pick stocks
CEO Andrew Schlossberg says the $1.6tn asset manager is also open to deals in private credit.
Business & Finance
BlackRock cuts 600 staff as asset managers defend profit margins
Fink and Kapito say headcount will increase this year as firm invests in technology and new offerings.
