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3 weeks ago | 
citywire.com | John Coumarianos |Ian Wenik |Sam Bojarski |Ashley McConnell
Private equity firm LLR Partners is pursuing a sale of investment research and data analytics software company YCharts, according to sources with knowledge of the situation.
A source told Citywire LLR Partners has retained Raymond James to serve as the investment banker for the sale process. Raymond James served as the sell-side investment banker in 2020 when a consortium of investors — including Morningstar and REV Venture Partners — sold YCharts to LLR Partners.
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1 month ago | 
citywire.com | Tania Mitra |Ashley McConnell |John Coumarianos
What I’m reading:
On the research side, our team takes pride in reading every quarterly commentary that our coverage list managers write, which is a great way to stay informed on what the smartest people in our industry are thinking. On the personal side, I recently read Devil in the White City. As a proud Chicago resident, it’s been on my list for a while and the rumored upcoming Leo DiCaprio movie adaptation was the inspiration I needed to bring it to the top of my list.
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1 month ago | 
citywire.com | Tania Mitra |Ashley McConnell
Blackstone reported $62bn of new capital raised in Q1, their highest level in three years, raising its AUM to a record $1.16tn.
Per the firm’s latest earnings report, nearly half the new inflows ($30.3bn), came from its credit and insurance arm. The firm deployed $36bn in Q1 and committed another $13bn.
In a call with analysts, CEO Steve Schwarzman said that tariffs have ‘dramatically’ impacted investor sentiment but that it is still too early to assess their full implication.
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1 month ago | 
citywire.com | Ian Wenik |Tania Mitra |Ashley McConnell
Alper Daglioglu, Morgan Stanley Wealth Management’s former head of portfolio and investment manager solutions (PIMS), has joined Brookfield Asset Management to head its newly created investment solutions group (ISG).
The division will develop ‘tailored’ multi-asset portfolio solutions using Brookfield’s investment capabilities for a range of clients across institutional, private wealth and family offices.
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1 month ago | 
citywire.com | William Johnson |Ashley McConnell |Eva Thomas
Mercer is making significant changes to the $1.9bn Mercer Opportunistic Fixed Income fund (MOFIX).
According to a recent filing with the Securities and Exchange Commission (SEC), Mercer is removing BlackRock, Colchester Global Investors, Loomis, Sayles and Western Asset from the fund this month.
Ares, Crescent Capital Group and Polen have been picked to replace BlackRock and Colchester, effective April 15. Already have an account?
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1 month ago | 
citywire.com | William Johnson |Eva Thomas |Ashley McConnell
Rajiv Jain, the founder and CIO of GQG Partners, has dropped an additional $2.24m into GQG, bringing the total he’s pumped into the company since last month to nearly $4m.
Jain started slowly buying up shares of the firm he founded in 2016 on March 4, when he increased his number of Chess Depository Interests in GQG from 119,330 to 1.35 million by March 18. As of April 15, that number has increased to 3.12 million, regulatory filings show.
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1 month ago | 
citywire.com | William Johnson |Tania Mitra |Ashley McConnell |Eva Thomas
Hamilton Lane’s co-head of evergreen portfolio management, Steve Brennan, thinks that model portfolios will become a crucial part of alternatives adoption in the wealth channel.
Advisors have increasingly been utilizing model portfolios to outsource investment management decisions, and as asset managers continue to expand their alts capabilities for wealth investors, getting their products into the models will propel growth.
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1 month ago | 
citywire.com | William Johnson |Alec Rich |Ashley McConnell |Eva Thomas
Alternatives-focused software platform Luma Financial Technologies has raised $63m in a funding round led by investment firm Sixth Street Growth.
The capital raise marks the completion of Luma’s third tranche of funding, which Luma chief executive and president Tim Bonacci said is his firm’s largest to date. Along with Sixth Street, Luma’s existing investors include industry heavyweights like Morgan Stanley, Bank of America, UBS and TD Bank Group.
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1 month ago | 
citywire.com | William Johnson |Eva Thomas |Ashley McConnell
JP Morgan Asset Management will merge away its $2bn JPMorgan National Municipal fund (JITAX) into an ETF, according to a Wednesday filing with the Securities and Exchange Commission (SEC).
On July 25, JITAX will be merged into the $2.6bn JPMorgan Municipal ETF (JMUB). Michelle Hallam, Michael Myers and Rachel Betton serve as portfolio managers on JITAX and JMUB, and both funds focus on investing in municipal bonds.
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1 month ago | 
citywire.com | William Johnson |Ian Heath |Ashley McConnell |Tania Mitra
BlackRock has overhauled its Global Emerging Markets (GEM) division and split it into two distinct teams, Citywire has learned.
The changes include the recruitment of two senior investors in Asia and the repositioning of certain portfolio managers, team leaders and strategies.
The resulting structure will create an EM & Asia Core Team in Hong Kong and an EM & Frontiers Team based in London, with the division remaining under the overall leadership of emerging markets CIO Belinda Boa.
