Asset Management

Hotel asset management companies make room for international brands

An analyst said that in the last two-three years, there have been a lot of other hotel companies that are desperate to enter the Indian market with a branding sign

Asset manager Amundi targets India debt with two recent fund launches

To add to the dollar-denominated exchange-traded fund (ETF) launched in September, the fund house launched the rupee-denominated India Bond Fund earlier this month

80% investors raised passive allocation in last one year, says survey

Among passive fund categories, sectoral funds are the top choice, according to the surveyed investors

BS BFSI Summit: Why go to Mauritius, come to GIFT City, say fund managers

BS BFSI Summit: As GIFT City gains traction, panellists agreed it is well-positioned to become a key player in international finance, transforming India's role in the global financial landscape

Macquarie Asset to invest billions in India's energy, real estate sectors

Since 2009, global asset management firm Macquarie has invested $3.5 billion in various projects in India and looking to expand its presence

Dubai, Abu Dhabi race to lure world's asset managers, billionaires

Emergence of companies in a range of new sectors and potential for business created by Abu Dhabi's investments have not gone unnoticed in the international financial community

Seven & i to start majority stake sale in supermarkets by year-end: Nikkei

Seven & i has been under pressure from investor ValueAct Capital in recent years to improve its asset allocation and has sold down stakes in other lower-performing assets

AMC scrips rally on new asset class; Nippon Life India up 5.2% on BSE

Aditya Birla Sun Life ends trading day 4.4% higher

Global financial services firm Waystone opens its first India office

Plans to employ over 200 people in Mumbai by the first half of 2025

Neo Group raises $47.6 million led by MUFG Bank, Euclidean Capital

The capital raised will be used to expand the company's wealth management division and support its asset management business

SBI pushes into wealth management with vigour as wealthy people surge

SBI will face competition from global players like HSBC Holdings Plc and Barclays Plc, and local veterans like 360 One WAM Ltd

Bajaj Finserv AMC launches fund 'focused on' 25-30 largecap stocks

Bajaj Finserv Large Cap Fund will have a concentrated portfolio with a 'high conviction' stock selection approach

Secure your digital legacy: Steps for inheriting online assets

You should start to think beyond physical assets and consider the full scope of your digital footprint when planning for the future

Asset manager BlackRock to buy UK data firm Preqin for $3.2 bn in cash

BlackRock, which manages more than $10 trillion, is seeking to capitalise on a boom in demand from investors for alternative assets

Goldman Sachs aims to double lending to wealthy private bank clients

Goldman's total deposits jumped to $441 billion in the first quarter, with over 39 per cent coming from consumer accounts, versus $190 billion in total deposits at the end of 2019

Nomura gives 150% salary hike to its top executives as earnings boom

The moves come after the Japanese firm spent several years improving risk controls after losing almost $3 billion in 2021 on the collapse of investment firm Archegos Capital Management

PGIM India Asset Management aims to double AUM to Rs 50,000 cr in 2-3 yrs

PGIM India Asset Management aims to more than double its assets under management to Rs 50,000 crore within the next 2-3 years, which will be driven by efforts to complete the product basket coupled the strong focus on SIP, its top official said on Monday. The asset management firm, which forayed into the Alternative Investment Fund (AIF) space in October 2023, is also looking to complete its product basket with the launch of new schemes including a special opportunities fund. The fund house, which has an Asset Under Management (AUM) of Rs 23,240 crore at present, expects to touch Rs 50,000 crore mark AUM in the next 2-3 years, Abhishek Tiwari, Chief Business Officer of PGIM India Asset Management, told PTI here. "Factors that will drive the growth of PGIM India Asset Management are -- the organic growth of the asset management industry in India and our focus on completing our product basket along with the continued focus on SIP which is a very healthy part of our business growth," h

IIFL Securities Q4 result: Net profit more than doubles to Rs 180 cr

IIFL Securities on Friday announced its net profit more than doubled to Rs 180.4 crore in three months ended March 2024 driven by strong growth in all the business segments. In comparison, the company had posted a net profit of Rs 86.4 crore in the year-ago period, IIFL Securities said in a statement. Total income surged 74 per cent year-on-year to Rs 704.4 crore for the quarter under review from Rs 405.2 crore in the January-March quarter of the FY 2022-23. "We witnessed strong growth in all our business segments. Our institutional broking and investment banking franchise has significantly improved their competitive position with stellar operating performance. Indian capital market businesses will continue to witness secular growth given multiple tailwinds over the next decade," "Venkataraman, Chairman, IIFL Securities, said. The company's board of directors in its meeting in March approved an interim dividend of Rs 3 per equity share of the face value of Rs 2 each for the financi

Samco Asset Management eyes Rs 500 cr from special opportunities fund

Samco Asset Management expects to mop up Rs 500 crore from its new fund offer that tracks long-term capital growth through undervalued or overlooked opportunities, a top company official said on Thursday. The new fund offering (NFO) would open on May 17 and conclude on May 31. In an interaction with PTI, Umeshkumar Mehta, Chief Investment Officer of Samco Mutual Fund, said the objective of the fund is to achieve long-term capital appreciation by investing in a portfolio of securities "that are involved in 10 special situations". These "situations" include digitisation, spin-offs & corporate actions, reform-based strategy, undervalued holding companies strategy, trends sustainable over time, innovation & technological disruption, and new & emerging sectors. These 10 sub-strategies define the "disruption" model and are weaved around different corporate actions. These situations often create mispricing and undervalued opportunities that the fund aims to exploit for potential .

$700 mn buyout deal shows new way of moving assets, holding equity in India

A relatively new portfolio management tool allows private equity managers to move assets around more easily, as a way to hold them for longer