Listed managers took advantage of the stock market upturn

Listed managers took advantage of the stock market upturn

The excellent performance of the financial markets last year benefited most listed asset managers. The pressure of passive management is felt particularly across the Atlantic. Forgotten, the terrible year of 2018. The excellent performance of the financial markets last year allowed managers of listed assets to regain color. “After a very bumpy year 2018, there was a form of catching up”, underlines Philippe Lecoq, manager at Edmond de Rothschild AM. With stock market indices up…

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Caisse des Dépôts takes over the presidency of Emergence

Caisse des Dépôts takes over the presidency of Emergence

This year, the fund to support entrepreneurial management companies is extending its field of action to continental Europe. The news Laurent Deborde, director of innovation and development of asset management at Caisse des Dépôts (CDC), took on the presidency of Emergence, the local fund supporting entrepreneurial management companies, on January 1, as a representative of the CDC. “As for other investors, CDC’s interest is twofold in Emergence: there is a heritage objective of financial return…

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In 2019, BlackRock Raised Over $ 1 Billion Per Day

In 2019, BlackRock Raised Over $ 1 Billion Per Day

The asset manager saw its assets under management swell to some $ 429 billion in 2019, a record growth of nearly 25%. The assets managed by the American giant are approaching 7.500 billion dollars. Over a billion dollars collected per day. BlackRock, already the world’s leading asset manager, attracted record new cash flows to manage in 2019, which has resulted in a strong financial performance. The US giant posted annual revenue of $ 14.54 billion,…

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Amundi acquires the asset management of Banco Sabadell

Amundi acquires the asset management of Banco Sabadell

Fully financed from Amundi’s cash, the transaction amounts to 430 million euros. It should be completed in the third quarter of 2020. Amundi is preparing to strengthen its positions on the Spanish market. The European asset management giant, until then relatively little present in the Iberian Peninsula, will acquire 100% of Banco Sabadell’s subsidiary, Sabadell Asset Management. Fully financed from Amundi’s cash, the transaction amounts to 430 million euros. It should be completed in the…

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Schroders embarks on hotel management with Fred de Brem

Schroders embarks on hotel management with Fred de Brem

The British asset manager is relying on the Algonquin team, acquired in 2018, to launch its new hotel property investment fund. Its news Fred de Brem will manage Schroders’ first hotel fund which will invest and directly manage hotel assets in Europe. After a first closing at 305 million euros, the fund is targeting 500 million at closing, which would give it around 800 million euros of investment capacity thanks to a leverage effect of…

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Edouard Carmignac: “Presenting activists as vultures is a bad trial”

Edouard Carmignac: “Presenting activists as vultures is a bad trial”

Carmignac, one of the largest independent French management boutiques with 35 billion euros in assets, has suffered setbacks in recent years. Edouard Carmignac, its founder, explains. He reveals his intentions regarding his succession, evoking his daughter Maxime Carmignac. Founded by Edouard Carmignac in 1989, the management company for Place Vendôme is one of the largest independent French boutiques, with 35 billion euros in assets. The master of the place is a figure of the Place…

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How management companies are dealing with the epidemic

How management companies are dealing with the epidemic

Suspension of travel, cancellation of conferences, division of teams and deployment of teleworking… Management companies say they are ready to face the restrictions imposed by the Coronavirus epidemic. While social and economic life is practically at a standstill in Paris, Rome or Madrid, the financial markets remain – for the moment – open. And asset managers are on the front lines, although for many now that means managing children in addition to professional imperatives. “We…

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Christophe Mianné, wealth manager

Christophe Mianné, wealth manager

The former head of market activities at Société Générale is pursuing a second career in asset management. He recently joined Cyrus Conseil, an independent asset management player in France. Not even a pandemic can prevent it from embarking on its new challenge. Christophe Mianné had just two weeks to meet the Cyrus Conseil teams before having to confine himself to his house in Neuilly. Wealth management, of which Cyrus boasts of being the leading player…

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Management: costs in the sights of the market policeman

Management: costs in the sights of the market policeman

Feedbacks and integrated networks are in the sights of the European financial market regulator. A huge challenge for the sector, as individuals regularly pay twice as much as institutions in management fees. The distribution of savings products to individuals could experience a small revolution in the years to come. The European Securities and Markets Authority (Esma) has opened the door to a total ban on retrocommissions as part of the review of the European MiFID2…

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Why banks and insurers dominate the management market in Europe

Why banks and insurers dominate the management market in Europe

On both sides of the Atlantic, management leaders have different profiles: independent and focused on passive management in the United States, subsidiaries of large banking and insurance groups betting on active management in Europe. With the announcement of the sale of the 22% stake in PNC Financial to the capital of BlackRock, the largest asset manager in the world with nearly $ 6.5 trillion in assets, loses its largest shareholder and its last links with…

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