One simple indicator of the success of any financial services industry has long been assets under management. By that score, the asset management industry would appear to have put the financial crisis behind it---and then some.
Recall that in the wake of the financial crisis, which took a toll on hedge funds inflows, everyone was wondering when the industry would get back to $2 trillion in assets under management.
Last year was quite a roller coaster for the hedge fund industry. It started with a bang, and optimism reigned. Many were predicting that assets under management would once again eclipse the
Not too long ago, Bank of America's $50 billion all-stock bailout purchase of Merrill Lynch in 2008 seemed like another albatross around the neck of CEO Brian Moynihan. But as of late, Merrill Lynch
How close to the brink was Morgan Stanley at the height of the financial crisis? After the crisis had waned, it became somewhat vogue for bank executives to claim that they were never really in
KKR disappointed the markets with weak second-quarter "economic net income" of $315.0 million versus $433.1 million a year ago. After-tax economic net income was $0.36, compared with the average
Are the stars aligning for private equity firms? You might think so. The deal environment has improved markedly and looms as one of the few bright spots on Wall Street right now. In addition, the IPO
We noted recently that hedge funds have staged a comeback following the pyrotechnics of 2008. Performance has improved, and assets are again flowing in. Total assets under management has risen, again
How do you make a splash in the mutual fund industry right now? Well, incredibly strong performance is one sure way. But beyond that, it will be interesting to watch Putnam's experimentation with
Och-Ziff was one of the few hedge funds that bucked a trend last year, that saw many other funds block redemptions. One could argue that the decision has cost the company; it's assets under