Short-Term Rentals Attract Private Equity Seeking New Asset Class
Some of the biggest names in private equity firms, hedge funds, and alternative asset management are chasing investments in short-term rentals and vacation rentals as new assets to diversify their portfolios. Veteran, well-capitalized investors such as Blackstone Group, Davidson Kempner Capital Management, and Harrison Street would like to develop exposure to alternative hospitality lodging, according […]
Black Women in Asset Management announces new industry partners
Black Women in Asset Management (BWAM), a non-profit organisation promoting the advancement of Black women working in the asset management industry, is delighted to announce Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G plc, Maniyar Capital, Morningstar, Inc. and State Street Global Advisors as new institutional members. Black women remain […]
Brookfield mulls spinning off asset management unit at up to $100bn valuation
Canada’s Brookfield Asset Management Inc is considering spinning off its asset management unit at a valuation of $70bn to $100bn, according to a letter sent to shareholders on Thursday. The newly spun-off company could also potentially attract interest from investors who do not want exposure to Brookfield’s other units, such as the reinsurance business launched […]
BlackRock now manages more than $10 trillion in assets
BlackRock, owner of the popular iShares family of ETFs, announced Friday that it ended the year with more than $10 trillion in assets under management. That’s up 15% from 2020 levels. CEO Larry Fink acknowledged continued challenges for the global economy and financial markets. Nearly a third of that $10 trillion total was invested in ETFs, many […]
