Page 9 - Asset Management
Hammered by virus, investors rethink role of bonds, tech and ESG in 2021
Global asset allocators from BlackRock Inc. to JPMorgan Asset Management have outlined their takeaways for investors from the volatile year
 "Hammered by virus, investors rethink role of bonds, tech and ESG in 2021")
Passive funds can make managers deliver better value: Tim Edwards, S&P Dow
"Historically, Indian investors have shown a very strong home bias - investing all or nearly all of their capital, domestically," says Edwards
 "Passive funds can make managers deliver better value: Tim Edwards, S&P Dow")
Bain & Co top recruiter in first cluster of IIM-A summer placements
Company extends 20 job offers; it is followed by BCG with 19 offers
 "Bain & Co top recruiter in first cluster of IIM-A summer placements")
IT and telecom will do well in the medium term: Vinay Paharia of Union AMC
In a Q&A, Paharia says the economy is expected to recover sharply driven by base effect and pent-up demand, and that govt's 'AtmaNirbhar' packages are likely to provide a fillip to manufacturing
 "IT and telecom will do well in the medium term: Vinay Paharia of Union AMC")
Avendus Capital looks to treble asset management biz AUM to $3 bn by 2024
Avendus Capital is betting big on the asset management vertical, looking to treble its AUM to over $3 billion by 2024, a top company official has said.
 "Avendus Capital looks to treble asset management biz AUM to $3 bn by 2024")
Morgan Stanley to buy Eaton Vance for $7 bn in asset management push
Morgan Stanley's wealth management and investment management businesses already account for 40-50% of the bank's revenue
 "Morgan Stanley to buy Eaton Vance for $7 bn in asset management push")
For low-cost and diversified exposure to an asset class, invest in an ETF
Choose the ones that have a low expense ratio but high trading volumes on the exchanges
 "For low-cost and diversified exposure to an asset class, invest in an ETF")
Reliance's asset monetisation over 4 months to boost credit quality: S&P
The oil-to-telecom conglomerate has amassed Rs 2.1 trillion in investment proceeds since Facebook announced its investment in its digital unit Jio Platforms Ltd in April
 "Reliance's asset monetisation over 4 months to boost credit quality: S&P")
Asset management firms see surge in other income from mark-to-market gains
Among the listed players, HDFC AMC reported a 65% y-o-y jump in other income in the June quarter, at Rs 79 crore
 "Asset management firms see surge in other income from mark-to-market gains")
Secret behind stellar performance of India's oldest, smallest quant fund
Even as profit expectations got smashed due to the pandemic, the Nippon India funds model fared better as it didn't have earnings estimates in its quantitative model
 "Secret behind stellar performance of India's oldest, smallest quant fund")
JPMorgan to raise up to $3 billion for real estate credit opportunity fund
JPMorgan Asset Management is looking to raise $2 billion to $3 billion from institutional investors for the Real Estate Credit Opportunity Fund, according to the source
 "JPMorgan to raise up to $3 billion for real estate credit opportunity fund")
IIM-A placements: Participation of PE/VC, asset management firms up by 80%
In all, 153 firms participated with 182 different roles for the 2020 batch, with McKinsey & Co and BCG leading the pack with 27 and 23 offers, including PPOs
Nippon Life India AMC Q3: PBT jumps 18% to Rs 193 cr on rise in asset base
Management says post-rebranding several major investors have come back
Best of BS Opinion: Climate-related financial risks, Budget 2020, and more
From how Budget 2020 could be the litmus test for the government's reform credentials to the reasons why natural farming could be an alternative to high input cost agriculture
 "Best of BS Opinion: Climate-related financial risks, Budget 2020, and more")
November flows a blip for AMCs, structural growth drivers remain intact
Analysts cite higher redemptions for 78% dip in equity flows, say lower penetration, rising preference of retail investors for equity market should help AMCs in the long-run
 "November flows a blip for AMCs, structural growth drivers remain intact")
Asset allocation schemes yet to gain traction among mutual fund investors
According to data from Association of Mutual Funds in India (Amfi), asset allocation categories have seen net outflows of Rs 6,714 crore in the current financial year
 "Asset allocation schemes yet to gain traction among mutual fund investors")
Canada's Brookfield makes a foray into development management business
Undertakes commercial project for Pune landlord
 "Canada's Brookfield makes a foray into development management business")
Senior officials of domestic asset managers to be hit hard by I-T surcharge
Experts believe the tax impact could be reduced if the one-time payments are deferred and vested ESOPs are not exercised
 "Senior officials of domestic asset managers to be hit hard by I-T surcharge")
Why China's 'goddess' of quants isn't fazed by global fund giants
Li has spent a decade honing an approach that beat the benchmark index in all but two of the past 10 years
 "Why China's 'goddess' of quants isn't fazed by global fund giants")
India's MF industry one of the costliest globally: Ex-Sebi chief UK Sinha
The industry needs to be prepared for a potential disruption in the distribution space, says the former Sebi chief
 "India's MF industry one of the costliest globally: Ex-Sebi chief UK Sinha")