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Nearly $6 trillion is sitting in money-market funds held by investors who sought refuge from falling bond prices and this year’s turmoil at US banks.
A rush of businesses taking loans from private-equity firms, concerns about an opaque market, and a PR blitz: Shadow banking is going mainstream.
Experts say M&A can help asset managers scale their private credit offerings. Just ask Manulife and CQS.
Seeking liquidity, some private equity investors are offering limited partners so-called midlife co-investment opportunities.
(Bloomberg) -- T. Rowe Price Group Inc. is reeling from a $127 billion exodus over just two years. At Franklin Resources Inc., the latest member of a billionaire family to run the firm is trying to reverse a nearly uninterrupted 20-quarter losing streak. Across the Atlantic, the chief of Abrdn Plc has reached a blunt conclusion: merely managing mutual funds isn’t enough of a business any more.Most Read from BloombergIsrael Latest: More Aid Trickles Into Gaza as Death Toll RisesCar Owners Fall Be