Latest news and articles about asset management from NEX English
A member of the Saudi Shura Council has urged the State Properties Authority to own government premises, highlighting the need to reduce the rents incurred by government entities. These demands align with the government's efforts to enhance asset management.
The Public Authority for Housing Welfare in Kuwait has announced an invitation for bids from accredited entities to evaluate its properties. This decision aims to improve asset management and enhance transparency.
Abu Dhabi Global Market has announced the opening of a new office for Rokos Capital Management, reflecting the company's commitment to expanding its presence in the region. This opening comes at a time when the financial market in Abu Dhabi is experiencing significant growth.
Franklin Resources has experienced a significant influx of approximately <strong>$12.4 billion</strong> into alternative investments during the first quarter of the year, as clients withdraw funds from equity and bond funds. This shift reflects clear changes in investor preferences.
HSBC Saudi Arabia has announced the expansion of its asset management services to include private assets, responding to increasing demand from investors. This move aligns with the company's efforts to keep pace with transformations in the Saudi market.
The government has announced a new strategy aimed at enhancing the management of sovereign wealth, reflecting a more mature phase in this vital sector. This initiative is part of efforts to improve financial performance and promote economic sustainability.
The global asset management industry is experiencing a wave of mergers as firms seek to boost their competitiveness amid rising costs. This year, deal values are expected to exceed <strong>25 billion dollars</strong>, marking a significant shift in the industry.
BlackRock, the world's largest asset manager, announced that its CEO, <strong>Larry Fink</strong>, received <strong>$37.7 million</strong> in compensation for 2025, marking a <strong>23%</strong> increase from the previous year. This rise comes amid the company's significant expansion into private markets.
Sun Life Financial Inc. has announced an investment of over <strong>$2 billion CAD</strong> (approximately <strong>$1.4 billion USD</strong>) to increase its stakes in two investment managers, aiming to expand its footprint in the asset management sector.
State Street announced that a slight reduction in fees for the SPYM fund has attracted billions of dollars in investments. This shift reflects the significant impact of lower fees on investor decisions.