Ken Leech, the longtime Western Asset Management chief investment officer, left that role amid probes from the Justice Department and Securities and Exchange Commission into whether some clients were favored over others in allocating gains and losses from derivatives trades. Leech, who manages some of the largest bond strategies in the US, will take an
After two lackluster years, Wall Street bonuses are poised to jump in virtually every sector of the industry, with debt underwriting likely to be the biggest winner. Bankers who help companies sell debt may see payouts swell as much as 35%, as deals pick up and capital markets rebound from multiyear lows, according to a
GeoWealth, a Chicago-based turnkey asset management platform (TAMP) and FinTech innovator, has successfully closed an $18m funding round. The $18m growth investment was spearheaded by BlackRock, the renowned global investment management. This funding initiative also saw participation from Kayne Anderson Growth Capital, a prominent growth capital investor from GeoWealth’s Series B round in 2021, and
Here’s a roundup of the top hotel executive moves of the past week. Here is a compilation of the most important executive moves of the past week in the hotel investment world alphabetically (by company): The Ascott Limited adds execs. Singapore-based The Ascott Ltd. announced six appointments in business development, strategy and operations to support
At the rate Japan hotel transactions are going, 2024 volume won’t be too far off last year’s record and who knows – it may even surpass it. JAPAN – Japan is having another active hotel investment year with a bunch of mega and smaller properties being put on the block while investors continue to see
Invalda INVL The INVL Partner Global Real Estate Fund I launched in January this year by INVL Asset Management, the leading Baltic alternative asset manager, raised an additional USD 3.075 million. This time investments in the open-ended fund for informed investors were made by a total of 13 investors. The INVL Asset Management fund invests
Equity capital was $2.2 billion as of March 31, 2024, up $402 million quarter-over-quarter (“QoQ”) Net income of $422 million for the first quarter, up $120 million relative to the prior quarter Galaxy Mining reached a Hashrate Under Management of 5.7 exahash per second, which contributed to record bitcoin mining revenue of $31.5 million for
Jenny Johnson, President and CEO, Franklin Templeton has long been a blockchain fan. “Eventually I think ETFs and mutual funds are all going to be on blockchain,” she told Bloomberg TV last week. The asset manager issued a money market fund on blockchain, which was the largest blockchain-based treasury fund until last week. The Franklin Onchain US Government Money fund has a market capitalization
Piramal Alternatives, the fund management division of the Piramal Group, today announced a significant investment of $75m in Annapurna Finance Private Limited, a leading non-banking finance company focused on microfinance. The investment includes a mix of secondary share purchases and provision of Tier-2 capital, which will enable the company to continue its risk-adjusted growth strategy. Annapurna