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Morgan Stanley’s IM Business Rejigs, $500 Billion by 2016

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As of December 31, 2014, Morgan Stanley Investment Management reported US$ 403 billion in assets under management (AUM). This is compared to US$ 377 billion in AUM from December 31, 2013. Morgan Stanley Investment Management, which touts clients such as pensions, insurance companies, endowments and sovereign wealth funds, continues to compete for growing AUM in an increasingly tighter regulatory environment for U.S. banks. In a bid to enhance profits, Morgan Stanley is keen on expanding its investment management business. Morgan Stanley Investment Management President Gregory Fleming wants to have assets under management increase to US$ 500 million by 2016. To do this, Fleming is moving the alternative investment businesses into one leadership structure and hiring more portfolio managers from the buy-side such as Greg Finck from Fortress Investment Group LLC and Jens Nystedt from Moore Capital Management LLC.

Without taking into account Morgan Stanley acquiring asset managers to boost assets under management, it wouldn’t be until the first quarter of 2018 when Morgan Stanley would surpass US$ 500 billion in assets under management.

Fuzzy Math

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SWFI First Read, April 20, 2018

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Knut Kjær Named to Supervisory Board of APG

APG Asset Management, which oversees Stichting Pensioenfonds ABP, named Knut Kjær as a member of its supervisory board. Kjær is currently Chairman and Partner at FSN Capital Partners, a Nordic private equity firm. He was founding chief executive of Norges Bank Investment Management, which oversees Norway Government Pension Fund Global.

Norway SWF to Vote for More Disclosures on Two Canadian Companies

In a unique move, Norges Bank Investment Management, the manager of Norway Government Pension Fund Global, plans to support a vote in favor on a proposals for climate change reporting for TransCanada Corporation and support a vote in favor of Canada’s Imperial Oil Limited to disclose water-related risks.

Jo Holden Promoted at Mercer to UK CIO

Jo Holden has been named U.K. Chief Investment Officer at investment consulting firm Mercer. She is based in Liverpool and replaces Steven Blackie who exited to be Head of Global Product Strategy for Aviva Investors. Holden has been at Mercer since 2002.

Hyundai Investments Aggregates Korean Capital for 3i European Operational Projects Fund

Hyundai Investments Co. Ltd. raised €180 million from South Korean institutional investors, mostly insurance companies, to commit to 3i European Operational Projects Fund, a PPP fund managed by 3i Group.

Cityhold Office Partnership Grows By Forming a New Property Partnership with EDGE Olympic

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Battea: 2017 Securities Class Action Industry Lookback and Observations

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This article is sponsored by Battea.

Source: Battea

There has been incredible growth in securities and antitrust class action litigations and settlements, particularly as they have unfolded in 2016 and 2017. The number of new cases and settlements from traditional securities litigation to antitrust rate rigging, spread inflation and other forms of collusion are at an all time high and shows no signs of slowing down.

With several multi-billion dollar litigations related to Libor, Euribor and Tibor rates, and spread manipulations, the securities, foreign exchange and antitrust class and collective actions litigation space rose exponentially in 2017.

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Blackstone Reaches US$ 450 Billion in AUM

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The Blackstone Group LP, led by its CEO Stephen A. Schwarzman, grew its assets under management for the first quarter of 2018 up to a smashing record of US$ 449,613,826,000 – a 22% increase from the first quarter of 2017 (only US$ 344,650,797,000 was fee-earning AUM though). For the first quarter of 2018 – asset inflows were US$ 18.2 billion, bringing last-twelve-month inflows to a record US$ 112.2 billion.

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