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Asset Management

All articles tagged with #asset management

Distressed-debt funds chase post-2008 windfall amid private-credit turmoil
business13 days ago

Distressed-debt funds chase post-2008 windfall amid private-credit turmoil

Investors specializing in distressed assets are targeting the private‑credit downturn as the biggest opportunity since the 2008 financial crisis, betting on bargains as redemptions hit funds and lenders face exposure shifts to AI-influenced software; while industry leaders warn the cycle could yield outsized returns, some observers caution that hype may outpace reality, as firms deploy capital, raise new funds and brace for tougher conditions.

via Financial Times|
#asset-management#business#distressed-debt
Apollo Trims Withdrawals in Flagship Private Credit Vehicle
business19 days ago

Apollo Trims Withdrawals in Flagship Private Credit Vehicle

Apollo Global Management capped redemptions from its flagship Apollo Debt Solutions BDC after investors sought about $1.6 billion (11.2% of its $15 billion net assets), above the 5% threshold for limiting withdrawals. The firm honoured roughly half of withdrawal requests, joining peers like Morgan Stanley and BlackRock in restricting outflows as investor sentiment cools on semi-liquid private markets. The fund, with about $25 billion in investments, posted roughly flat net flows for the quarter after new commitments and redemptions, and recorded its first monthly loss in February due to a sell-off in more liquid loans.

via Financial Times|
#apollo-global-management#asset-management#business
PIMCO Links Private Credit Crisis to Underwriting Lapses
business1 month ago

PIMCO Links Private Credit Crisis to Underwriting Lapses

PIMCO argues the ongoing private credit crisis is driven by bad underwriting, with optimistic projections and technical sloppiness cited as factors; fund managers like Blackstone and Blue Owl have responded to redemption pressures with increased repurchase offers and withdrawal restrictions, while the broader market could see tighter credit conditions and lower investor returns—mid-single-digit default rates with returns shrinking from about 10% to 6-8%.

via Seeking Alpha|
#asset-management#business#credit-crisis
Private-credit fears spark a selloff in asset-manager stocks
markets1 month ago

Private-credit fears spark a selloff in asset-manager stocks

Investors dumped asset-manager stocks last week after concerns about Blue Owl Capital’s private‑credit fund sparked fears of liquidity strain and possible spillovers to other private‑debt lenders and BDCs, prompting worries about how quickly portfolios could be exited and at what prices. While analysts say private credit has grown large and isn’t yet a systemic crisis, the episode highlights liquidity risk in publicly traded vehicles that hold private loans and the sensitivity of the asset-management sector to private‑debt conditions.

via MarketWatch|
#asset-management#bdcs#blue-owl-capital
BlackRock tops $14tn in assets after record quarter
business2 months ago

BlackRock tops $14tn in assets after record quarter

BlackRock surpassed $14tn in assets under management after a record quarter, with $342bn of inflows in Q4 and almost $700bn for the year, driven by strong equity and fixed‑income ETF flows and a rally in stocks. The firm also expanded private‑markets activity (private credit and infrastructure) and took on about $80bn of Citigroup assets, as it pursues roughly $400bn in private‑markets fundraising by 2030. Revenue rose 23% to $7bn in the quarter, while net profit fell about a third due to higher costs tied to its acquisition spree.

via Financial Times|
#asset-management#blackrock#business
US Mortgage Regulators Push Fannie and Freddie to Include Crypto as an Asset
business9 months ago

US Mortgage Regulators Push Fannie and Freddie to Include Crypto as an Asset

The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to consider cryptocurrency holdings as valid assets when assessing mortgage applications, potentially allowing borrowers to use crypto assets for home financing without converting them to dollars, aiming to expand access to homeownership and recognize the growing role of cryptocurrencies in financial portfolios.

via Yahoo Finance|
#asset-management#business#cryptocurrency