BlackRock maintains strong momentum despite major client redemption, boosts AUM to $12.5 trillion BlackRock Inc. (NYSE: BLK) on Wednesday reported robust second-quarter earnings and declared a quarterly cash dividend of $5.21 per share, payable on September 23, 2025, to shareholders of record as of September 5, 2025. The world’s largest asset manager posted diluted EPS…
LONDON: Polar Capital Holdings plc announced Monday that Chief Executive Officer Gavin Rochussen will retire later this year, ending an eight-year tenure during which the firm’s assets under management more than doubled. Rochussen will officially step down from his CEO role and board position following the company’s Annual General Meeting on Sept. 25, 2025. He…
LONDON: Fidelity European Trust PLC (FEV) and Henderson European Trust PLC (HET) announced Thursday they have agreed to combine in a deal that will create the U.K.’s largest closed-ended investment vehicle focused on Europe, with anticipated net assets exceeding £2.1 billion ($2.7 billion). The proposed merger, structured under a scheme of reconstruction under the Insolvency…
LONDON: Tetragon Financial Group Limited today announced that Hunter Point Capital (HPC), an independent investment firm providing capital solutions and strategic support to alternative asset managers, has agreed to acquire a minority stake in Equitix, a leading international investor, developer and fund manager in infrastructure. HPC is acquiring a 16.1% stake in the business at…
LONDON: Tavistock Investments has successfully received £22.0 million from the sale of its network of self-employed registered individuals to The Saltus Partnership Holdings LLP. This deal, announced in October 2024, completes Tavistock’s plan to reduce its network of third-party firms and boosts its capital for growth. This sale marks the start of a new phase…
LONDON: abrdn Property Income Trust Limited (API) has entered into a significant agreement with GoldenTree Asset Management LP for the sale of its wholly-owned subsidiary, abrdn Property Holdings Limited (APH). This transaction includes the sale of 39 assets, representing API’s entire investment property portfolio, except for its interest in the land at Far Ralia. The…
LONDON, UK: JTC Plc, the global professional services business, announced the proposed acquisition of Blackheath Capital Management, a boutique asset management business based in the UK. Formed in 2010, Blackheath Capital Management provides management and regulatory oversight services to investment funds and offers ManCo services as an Alternative Investment Fund Manager (AIFM) as well as…
LONDON, UK: Apex Group has made an offer to acquire all shares of Sanne Group plc at the rate of 920 pence/share, which values Sanne Group’s entire share capital at approximately £1.51 billion. “The boards of directors of Sanne Group plc and Apex Acquisition Company Limited have reached agreement on the terms and conditions of…
LONDON, UK: Mattioli Woods plc announced the proposed acquisitions of Maven Capital Partners UK LLP and Ludlow Wealth Management for a total of £143.5 million. Mattioli Woods has conditionally agreed to acquire all the membership interests in Maven, for an aggregate maximum consideration of up to £100.0 million (including, subject to certain conditions being satisfied,…
PARIS: Societe Generale’s Board of Directors approved, during a meeting on 6 April 2021, the entry into exclusive negotiation with Amundi with a view to disposing of the asset management activities operated by Lyxor, a news release said. Lyxor is an entity which includes the Group’s asset management activities and operates in particular through Lyxor…
DUBAI: Al Ramz Corporation Investment and Development announced the appointment of Amin El Kholy as Chief Executive Officer of Asset Management. With over 25 years experience, Amin is a veteran asset manager with substantial accomplishments and proven track record in the financial industry and asset management, he has successfully established several asset management divisions. Prior…
NEW YORK: Ladder Capital Corp announced the appointment of Paul J. Miceli as Chief Financial Officer, effective March 1, 2021. Miceli, Ladder’s Director of Finance, will succeed Marc Fox, who has announced his intention to leave the Company. Mr. Fox will stay on through May 7, 2021, to ensure an orderly transition. Mr. Miceli joined…