Brent Patry’s Post

Larry Fink, chairman and chief executive of BlackRock, said he believes the asset manager can lead the indexing of private markets, in the same way that indexing has become the language of public markets, following its approximately $3.2bn in cash acquisition of Preqin, an independent provider of private markets data. The acquisition is about driving evolution and growth in private markets by measuring them, understanding their drivers of performance and making them more investable. “We envision we can bring the principles of indexing, and even iShares [BlackRock’s exchange-traded funds business], to the private markets,” he added. “We anticipate indexes and data will be important future drivers of the democratisation of all alternatives, and this acquisition is the unlock.” In addition, Fink said private markets are the fastest growing segment of asset management and there is significant demand from BlackRock clients. #PPLI #privateplacementlifeinsurance #premiumfunding #taxefficiency #estatetaxplaning https://lnkd.in/ew9FCU9D

Speaking to Mergermarket, our Corporate Advisory Director, Kristi Cashman, shared insights into the growing influence of proxy advisors on M&A, particularly as passive investing rises alongside a shrinking public market. Kristi says: “There is likely to be a smaller number of active investors making direct choices on key issues such as takeovers. Many ETF managers will follow the recommendation of a proxy advisor. This is giving proxy advisors even greater influence and power in key events. Proxy advisors play an increasingly important role, both for large institutional investors with significant investment portfolios and in relation to the choices passive investors make.” Read the full article below.

The "Magnificent Seven" dominated 2023, but what about the rest of the market? Our Old Mutual Global Managed Alpha Equity Fund took a dynamic approach to factor investing, achieving results despite the concentrated rally. We dive into how the "Magnificent Seven" influenced the S&P 500, our fund's strategy for navigating market concentration and how we deliver on our promise of a broadly diversified core global equity strategy. Read about the dynamics behind last year's market rally. https://lnkd.in/deZAAsfX #investing #marketinsights #diversification #factorinvesting #equitystrategy #financialmarkets #oldmutualinvestmentgroup #gma #globalmanagedalpha

Wealth managers can now access private markets through regulated, open ended and perpetually offered funds. Goldman Sachs Asset Management has one of the world's largest Alternatives platforms, and successfully launched an open-ended European Private Credit fund in 2023. Barry Fricke and Michael M. will be at our Private Markets Summit this May to discuss the role of open-ended private market solutions within discretionary and advisory portfolios, before switching to the GS European Private Credit Fund and the outlook for the asset class. Register to join them and many other expert speakers: https://lnkd.in/epVWBFPc #privatemarkets #privateequity #privateassets #investment #investmentevents #assetmanagers #wealthmanagers

We had amazing panel speakers who discussed where to find value at the top of the market. The panel featured highly experienced international equities investors: Ned Bell from Bell Asset Management, Chad Padowitz from Talaria, and was joined by a competent adviser, Sarah Connolly from Sovereign Financial Group. The conversation was led by our Managing Director, Robert Talevski. Luke Mandekic Channel Capital Joel Beebe, CFA Lance Oliver, CIMA® #actsymposiumMelbourne #actsymposium #activam #activamgroup #valueinvesting #value #returns #investmentmanagement #internationalequities #internationalshares #investing #bellassetmanagement #talariassetmanagement #panelsession #paneldiscussion #sovereignfinancialgroup

Why did BlackRock just spent $2.55 billion in cash! In a world of high regulation, frequent change and financial complexities; data is King and BlackRock, the world's largest Asset Manager, has just struck a deal to buy Preqin for $2.55bn - 13x Preqins expected 2024 revenue! Founded in the early 2000s, Preqin tracks the performance of Hedge Funds and Private Equity firms - with over 200,000 users. BlackRock intends to capitalise on this by integrating Preqin into Aladdin, their front office in-house investment platform, and keeping it as a separate offering to sell to other Managers. Beating its rivals LSEG (London Stock Exchange Group) and S&P Global to win this deal, shows the importance of data in today’s financial markets. BlackRock can now serve its clients who desire more granular information about all facets of the markets - including the booming private equity deal-making industry - and serve investors' demand for alternative assets. This buyout comes after BlackRock purchased Global Infrastructure Partners (GIP) earlier this year. Follow Perpetuity for more financial news and explainers

The acquisition of Preqin by BlackRock for £2.5bn is set to further democratize access to private market data by leveraging BlackRock's extensive resources and technology to expand Preqin's reach and capabilities. BlackRock plans to create indices and tracking funds for private equity and other alternatives, broadening access to these data assets. This move is expected to democratize all alternatives, making high-quality, comprehensive financial data more accessible to a wider range of investors and financial professionals. Looking forward to a more inclusive and efficient private market ecosystem! #PrivateMarket #FinancialData #BlackRock #Preqin #Investment #PrivateEquity #FinancialInnovation #MarketDemocratization #InclusiveFinance #DataAccess #PrivateMarkets https://lnkd.in/grb6GGSu

We're thrilled to announce the addition of two fund families to Portfolio Marketplace! PIMCO Model Portfolios take an outcome-oriented approach, allocating across their deep bench of actively and passively managed ETFs that span a wide range of investment mandates. Franklin Templeton's Core Allocation models seek the highest level of total return consistent with distinct risk profiles. Their Multi Manager Dynamic Income Models seek to deliver higher levels of income than traditional portfolios while balancing capital appreciation potential at measured levels of risk. IAA Advisors, check out the model fact sheets and more at https://hubs.ly/Q02Dd19w0. #AssetManagement #InvestmentSolutions #FinancialAdvisors

Passive North America equity ETFs and mutual funds attracted US$1.8trn in global net flows over the past decade. Despite this significant figure, active products continued to experience heavy redemptions. Amidst the competition, Vanguard stood out as the clear winner, capturing an impressive 40% market share and surpassing the combined net flows of the next two bestsellers. Learn more about the competing bestsellers in this week's Insight of The Week: https://bit.ly/3OsODz3 #AssetManagement #AssetManagementInsights

BlackRock, the world's largest asset manager, has just released Q2 earnings. Here's what you need to know 👇 - Q2 Adj. EPS $9.28 vs Exp. $8.46 - Q2 Rev. $4.46bn vs $4.47bn Net inflows topped $80bn ($89.6bn a year ago). Cash management products had inflows of $23bn as investors flocked to take advantage of rising interest rates. $831bn increase in AUM since year-end 2022 (total $9.4trl), was driven by consistent organic growth and positive market and foreign exchange movements. Shares are up 1.4% pre-market. #blackrock #assetmanagement #wallstreet #earnings #finance