Fixed Income Demand Boosts BlackRock But Lower Fees Weigh On Earnings
BlackRock CEO Larry Fink
US asset management giant BlackRock saw a record annualised organic asset growth rate of 9% in Q2, driven by record-breaking fixed income and cash activity, but other factors contributed to a 3% earnings per share (EPS) decrease, the company said on Friday.
BlackRock saw net inflows of $151bn (£120.5bn) during Q2 2019, meaning assets under management (AUM) increased by 9% to $6.8trn from $6.3trn in Q2 2018. Flows in the corresponding period last year were...
When The Gate Comes Down
A Stress Test Rather Than a ScandalApollo Debt Solutions is not a blow-up story. It is something arguably more instructi... Read more
What If The Investment Industry Is Benchmarking The Wrong Things?
Investment management is built around benchmarking. Fund managers compare themselves a... Read more
SpaceX Is Looks To Make History
The Biggest Bet in Wall Street History: SpaceX's $1.78 Trillion IPOThere are moments in financial history that stop you ... Read more
Gyrostat June Market Outlook: When Low Volatility Conceals Structural Risk
This monthly Gyrostat Risk-Managed Market Outlook does not attempt to forecast market direc... Read more
Why Low Volatility Is Not The Same As Low Risk
Why Low Volatility is Not The Same As Low Risk Some of the worst-performing portfolios in... Read more
Gyrostat May Market Outlook: When The Cost Of Protection Falls - Signals For Portfolio Positioning
This monthly Gyrostat Risk-Managed Market Outlook does not attempt to forecast market direction. It... Read more