Flow Tracker Accessible version Learnings from earnings after Q325 results Industry Overview Raising EPS post results but challenges ahead Post Q325 results, we raised EPS forecasts by an average 1-3% for the European asset management sector to reflect stronger AUM growth (+6% QoQ) driven by higher inflows and markets. More stable fee margins and upside in performance fees also support upgrades. That said, we see upcoming headwinds from slower flows, greater market uncertainty from peak levels, and margin p ...

瑞典私募股权巨头EQT首席执行官Per Franzén警告称，未来十年内，全球约80%的私募股权机构可能沦 为僵尸企业，仅能维持现有投资组合的管理，而无法募集新资金。 新资金来源或带来转机 尽管行业面临募资困难，部分高管对长期前景仍持乐观态度。私募股权集团CVC首席执行官Rob Lucas 表示，未来一二十年私募资本的需求仍然巨大，可能出现资本流入。 私募机构正在开拓新的资金来源。特朗普政府今年早些时候发布行政命令，允许401k退休储蓄计划投资 一系列另类资产，为私募机构打开了美国退休金市场的大门。此外，机构还越来越多地将富裕个人作为 新的资金来源，包括通过在公开市场上市的半流动性结构吸引资金。展望未来，Lucas认为，市场仍有 空间让新机构形成、小型机构发展壮大，会有企业重获新生。 风险提示及免责条款 Franzén周一在接受英国《金融时报》采访时表示，在当前存在的1.5万家以上私募股权机构中，过去七 年仅约5000家成功完成募资。他预计，未来五至十年内，这些机构中能够成功募资的可能不到一半，僵 尸企业数量将再增加数千家。 这一悲观预测反映出私募股权行业正面临严峻的结构性挑战。近年来，由于交易活动低迷，私募 ...

Group 1: Global Economic Cooperation - The 2025 Financial Street Forum focused on "Resilient Cooperation in International Trade under Global Changes," discussing global investment patterns and development dynamics [1] - The World Bank aims to promote growth and job creation through investments in infrastructure, regulatory reforms, and reducing non-tariff barriers to enhance trade [1][2] - The need for resilient and efficient logistics networks to support international trade was emphasized, highlighting the importance of financial rules and innovation in global economic development [2] Group 2: Industry Perspectives - The shipping industry is shifting from optimization to building resilient global logistics networks, requiring strong financial support and collaboration across global supply chains [3] - The importance of digitalization and green development in creating new opportunities for international cooperation was noted, with a focus on integrating developing countries into global value chains [3] Group 3: Financial Sector Insights - The rapid development of financial technologies like tokenization and blockchain poses challenges for central banks in maintaining financial stability while supporting the real economy [5] - The need for central banks to balance multiple objectives, including inflation control and economic growth, was highlighted as a key challenge in the current global landscape [4][5] Group 4: Forum Achievements - The forum successfully hosted 38 high-quality events, attracting over 400 officials and experts from more than 30 countries, with significant online engagement [7] - The forum's role as a "wind vane" for financial policy was reinforced, providing stability and confidence in the evolving global financial system [7] - International cooperation mechanisms were expanded, with multiple agreements signed and significant investment discussions held, promoting financial services for the real economy [7]

Group 1 - The main forum and closing ceremony of the Financial Street Forum focused on "Resilient Cooperation in International Trade and Economy under Global Changes," discussing global investment patterns and development dynamics [1] - The forum successfully hosted 38 high-quality events, gathering over 400 officials, international organization leaders, and financial executives from more than 30 countries and regions, with over 6,000 on-site participants and billions of online interactions, marking the largest scale and impact in its history [2] Group 2 - The closing ceremony featured keynote speeches from prominent figures, including the Deputy Director of the State Administration of Foreign Exchange and leaders from major financial institutions, emphasizing the need for reducing non-tariff barriers and deepening regional integration to facilitate domestic and regional trade [3] - The World Bank's Senior Vice President highlighted the importance of building economies that promote growth and job creation, focusing on infrastructure investment, regulatory reforms, and reducing trade barriers [4] - The Chairman of China Merchants Group stressed the need for resilient and efficient logistics networks to support international trade and called for precise and inclusive financial services [8] Group 3 - Henry Paulson emphasized the financial industry's role in addressing biodiversity risks and suggested innovative financing mechanisms and reforms in agricultural subsidies to protect biodiversity [11] - The Chairman of China Ocean Shipping Group proposed collaborative efforts in building resilient shipping logistics networks and digital shipping chains to enhance cooperation between the shipping and financial sectors [14] - The Deputy Director-General of the WTO noted the profound changes in the global trade environment and the need for countries to support multilateralism and trade liberalization, particularly for developing nations [17] Group 4 - A roundtable discussion included leaders from various financial institutions discussing the future of global investment patterns and development dynamics [20] - A high-level dialogue addressed the role of central banks in the new global landscape, with emphasis on balancing multiple objectives such as inflation control, financial stability, and economic growth [24][26] - The Chief Executive of Hong Kong and the Mayor of Beijing highlighted their commitment to enhancing their respective financial centers' roles in supporting national development and attracting global financial institutions [33][34]

Press Release Paris, October 28, 2025 Banijay Group reinforces leadership in sports betting and online gaming with the acquisition of a majority stake in Tipico GroupBanijay Gaming to double in revenue and free cash flow with the combination of Betclic and Tipico under one roof Banijay Group, the Entertainment powerhouse, has signed a binding agreement with CVC and Tipico’s founders to combine Betclic and Tipico groups, becoming the majority shareholder of the combined entity, and creating a European champ ...

Market Overview - The Bloomberg Hedge Fund Index showed an overall increase of 2.2% last month, marking the best monthly performance since May. Year-to-date returns for hedge funds have reached 9.8%, with equity funds leading at a 15% increase [4][5]. - The trading activity on October 6 indicated that most selling of the yen was due to macro hedge funds closing bullish positions rather than establishing new bearish positions. This was influenced by expectations of increased fiscal expansion following the potential election of high-profile candidates in Japan [4]. Performance Summary - The Bloomberg Hedge Fund Index recorded a 1-month return of 2.24%, a 3-month return of 5.42%, and a year-to-date total return of 9.76% [5]. - Equity hedge funds had a 1-month return of 2.57%, a 3-month return of 7.16%, and a year-to-date return of 14.79% [5]. Industry Highlights - Bain Capital agreed to sell multiple data centers in China to Shenzhen Dongyangguang Industrial Development Co., with a transaction valuation of approximately $4 billion. This acquisition is led by a consortium of institutional investors including insurance companies and local government funds [4]. Strategic Moves - CVC has joined the equity bidding for Indian financial company Avendus, indicating ongoing strategic investments in emerging markets [6].

记者丨唐婧 编辑丨杨希 视频丨柳润瑛 10月17日上午，北京市人民政府新闻办公室在金融街中心举行2025金融街论坛年会新闻发布会。北京市 西城区委副书记、区长郅海杰，中国人民银行新闻发言人、办公厅副主任李克歆，国家金融监督管理总 局办公厅副主任鄢姣，中国证券监督管理委员会新闻发言人、办公厅副主任王利，新华通讯社办公厅副 主任郭立新、国家外汇管理局外汇研究中心主任陈之为介绍工作情况并答记者问。 7. 中国证监会国际顾委会会议将首次在论坛期间举办，将围绕"创新、包容、开放，更好促进资本市场 高质量发展"主题，设置多个议题开展广泛交流讨论。证监会科技司将承办资本市场金融科技论坛，围 绕"人工智能赋能资本市场创新"这一主题，聚焦人工智能推动资本市场高质量数字化智能化转型。 图片来源：北京市人民政府新闻办公室 下同 主要关注点如下： 1.2025金融街论坛年会将于10月27日至30日在北京金融街举办，主题为"创新、变革、重塑下的全球金 融发展"，全球30多个国家和地区的400余位重要嘉宾将出席论坛。 2.2025金融街论坛年会主论坛包括开、闭幕式等7场议题活动，开幕式拟于10月27日下午举行、闭幕式 拟于10月30日下 ...

Group 1 - The 2025 Financial Street Forum Annual Conference will be held from October 27 to 30 in Beijing, focusing on "Innovation, Transformation, and Reshaping Global Financial Development," with over 400 important guests from more than 30 countries and regions attending [2] - The main forum will include seven thematic activities, with the opening ceremony scheduled for the afternoon of October 27 and the closing ceremony on the afternoon of October 30 [2] - Key officials from China's financial regulatory bodies, including the People's Bank of China, will deliver keynote speeches during the opening ceremony, and a series of financial policies will be announced during the conference [2][4] Group 2 - The People's Bank of China will host a main forum titled "International Financial Governance and Cooperation in Changing Circumstances" and a Fintech Forum, along with the release of a series of financial standards [2][7] - The Financial Regulatory Administration will hold three events, including the International Advisory Committee meeting, focusing on financial risks and regulatory challenges in a fragmented global economy [3][11] - The China Securities Regulatory Commission will conduct its International Advisory Committee meeting for the first time during the forum, discussing themes related to capital market development and innovation [3][15] Group 3 - The National Foreign Exchange Administration will host the closing ceremony on October 30, themed "International Economic and Trade Resilience Cooperation in a Global Context," featuring discussions on future global investment patterns and the role of central banks [3][18] - The forum aims to enhance international economic cooperation and resilience, particularly in advanced manufacturing, digital technology, and green energy sectors [19]

Canadian financial services group Canaccord Genuity has been sounding out potential bidders, including CVC and Advent, for its British wealth arm, two people with knowledge of the matter told Reuters. ...

Direct Lending Market - CVC's credit unit has raised €10.4 billion for European direct lending [1]