State Street Corporation related stories
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Where next for wealthtech?Private equity sponsors continue to target tech companies developing mission-critical technology for the lucrative and rapidly evolving wealth management industry.
Public-private partnerships: Who’s tied up with whom?PGIM and Partners Group became the latest firms this week to disclose partnerships amid a trend of traditional asset managers and private markets specialists partnering to tap more non-institutional capital.
Side Letter: Inside Eurazeo's boss loss; SoftBank's $5bn writedown; Sequoia's long haulOur take on Eurazeo chief executive Virginie Morgon's departure. Plus: SoftBank's Vision Funds have posted a $5 billion quarterly loss; and Sequoia's evergreen vehicle is entering mega-fund territory. Here’s today's brief, for our valued subscribers only.
State Street index shows PE reboundIn State Street Corporations’ GX Private Equity Index benchmark, the latest results showed that the index made a rebound of 1.11 percent in Q4 of 2015 after a drop in Q3.
- State Street to acquire GE Asset Management
State Street Global Advisors is planning to pay $485m in cash with the transaction expected to increase its assets under management by $100bn.
- Dry powder soars as buyout activity drops, finds study
Private equity buyouts have declined as a proportion of M&A activity for the third consecutive year, despite almost $500bn waiting to be invested, according to a report by S&P Capital IQ.
- Study: Pension funds plan to increase PE exposure
The State Street survey discovered 77% of pension funds expect an uptick in appetite for riskier asset classes
- State Street bets on Asia alternatives
Bob Keogh has been appointed head of alternatives in the region to expand the firm’s PE operations
- State Street opens Shanghai office
The investment management firm believes more domestic LPs are aiming to invest abroad.
- ILPA hires LP Capital Advisors executive
Mike Elio, a managing director at the advisory firm, will join ILPA to monitor regulations that affect the industry such as the EU's AIFM directive.