Asset Managers Broaden Access to Private Markets

Oct 1, 2024 | Markets, Private Markets

BlackRock and State Street Global Advisors have announced initiatives to widen investor access to private markets, as an additional $1 trillion in retail assets could be invested in alternatives over the next five years. Henry McVey, chief investment officer of KKR’s...

Apollo Projects $10 Billion of Annual Earnings in Five Years

Oct 1, 2024 | Markets

Firm expects to oversee $1.5 trillion of assets by 2029 Alternative asset manager reveals figures on investor day Apollo Global Management Inc. expects to generate $10 billion of annual earnings across its asset management and retirement businesses by 2029, driven by...

Chile’s Economic Activity Disappoints, Supporting Rate Cuts

Oct 1, 2024 | Markets

Activity contracts 0.2% on month, rises 2.3% on year in August Central bank cutting key rate to steady uneven activity Chile’s economic activity unexpectedly contracted in August on a decline in services, corroborating the central bank’s message that more interest...

China’s Weak Factory Activity Shows Urgency of Stimulus Push

Sep 30, 2024 | Markets

PMIs suggest manufacturing activity contracted before stimulus Data offer last snapshot of economy before Golden Week holiday China’s factory activity continued to contract while the services sector slowed in September, as policymakers prepared an emergency stimulus...

Japan Stocks Set to Fall on Rate Hike Fears After Ishiba’s Win

Sep 29, 2024 | Markets

Nikkei 225 futures plummet after Ishiba’s surprise win Ishiba opponent Takaichi opposed higher interest rates Japanese stocks will likely tumble on Monday after Shigeru Ishiba’s surprise victory in the ruling party’s leadership race raised expectations that interest...

Electric Vehicle Sales Are Stumbling. Here’s Why

Sep 29, 2024 | Markets

With road transportation accounting for about 15% of greenhouse gas emissions, it’s hard to see how the world will reach its net zero climate goals unless people give up their gasoline and diesel cars. For many years, governments offered generous subsidies to...