State Street is deepening its expansion in Saudi Arabia as it looks to cash in on booming demand for exchange-traded funds https://t.co/mtsBFxl7zb ...

Core Insights - Momentum strategies, along with the quality factor, are viewed as effective approaches to enhance portfolio value, serving as either core or satellite components [1] - Financial Serenity is a financial analysis and quantitative research column focused on the asset management sector, managed by Tommaso Scarpellini, who has extensive experience in banking and financial analytics [1] - The initiative aims to provide in-depth analysis of the dynamics driving the asset management market, combining data analysis with actionable insights on ETFs and trending instruments [1] Industry Focus - The asset management market is characterized by its evolving nature, necessitating data-driven perspectives to assist investors in making informed decisions [1]

Core Viewpoint - Volta Finance Limited successfully passed all resolutions at its Annual General Meeting, including a special resolution, indicating strong governance and shareholder support [2][3]. Company Overview - Volta Finance Limited is incorporated in Guernsey and listed on Euronext Amsterdam and the London Stock Exchange, subject to regulation by the AFM in the Netherlands [4][5]. - The company aims to preserve capital across the credit cycle and provide stable income through quarterly dividends, primarily investing in CLOs and similar asset classes [5]. Investment Management - AXA Investment Managers Paris is appointed as the investment manager for Volta Finance, specializing in structured credit [5][6]. - AXA IM is a significant player in the asset management industry, managing over €879 billion in assets as of June 2025 [6].

Asset manager Parag Parikh Financial Advisory Services and at least two other institutions are in talks with India’s pension regulator to enter the nation’s $175 billion retirement savings industry https://t.co/NZb880Ux3D ...

Core Insights - BlackRock's bitcoin exchange-traded funds (ETFs) have unexpectedly become the company's most profitable product line, surpassing initial expectations [1][2] - The iShares Bitcoin Trust ETF (IBIT) in the US and the iShares Bitcoin Trust BDR (IBIT39) in Brazil are approaching a combined allocation of nearly US$100 billion [2][3] - BlackRock's bitcoin ETFs have achieved significant milestones, with IBIT becoming the fastest ETF to reach US$70 billion in assets within 341 days [5] Product Performance - IBIT, launched in January 2024, has grown to over US$72 billion in net assets, making it the largest spot bitcoin ETF in the US [5] - IBIT39, launched in March 2024, is Brazil's first bitcoin-linked ETF, providing exposure to IBIT and has a management fee structure similar to IBIT [3] - In Europe, BlackRock's iShares Bitcoin ETP (IB1T) began trading in March 2025, with a total expense ratio (TER) set to increase in 2027 [4] Market Position - BlackRock is now the fourth-largest crypto holder by total on-chain value, with approximately US$100 billion in crypto assets, trailing only Binance, Coinbase, and Satoshi Nakamoto [6] - As of mid-2025, IBIT held about 700,000 BTC, representing roughly 3% of the total circulating supply of bitcoin [7] - BlackRock is the largest asset management company in terms of crypto holdings, with nearly US$50 billion more than its closest competitor, Fidelity [7][8] Historical Context - The launch of the first US spot bitcoin ETFs in January 2024 marked a significant moment in the crypto investment landscape [9] - These regulated investment funds allow investors to gain exposure to bitcoin without direct ownership, enhancing mainstream legitimacy for cryptocurrencies [10][11] - The evolution of crypto structured products began over a decade ago, with various investment vehicles emerging since then [12][13]

"十四五"期间累计收购债权资产超200亿元，同比"十三五"增长66% 海南联合：脱胎换骨谋发展 服务大局勇担当 海南联合实现跨越式发展 204.89亿元，这是截至今年11月底，"十四五"期间海南联合累计收购债权资产账面价值总额，同比"十三 五"的123.07亿元增长了足足66%。 是什么让一家省属企业在短短5年时间里就实现了如此大幅增长和跨越式发展?这就要从海南联合的底色 说起。 海南日报全媒体记者 邵长春 通讯员 冯钒津 五载春秋，海阔风劲，时间见证奋斗者荣光。 "十四五"以来，海南联合资产管理有限公司(以下简称海南联合)以奋进之姿，立足"海南自由贸易港综合 资产管理平台"战略使命，围绕省委、省政府中心工作发力，在省国资委领导下，充分发挥省属企业和地方 AMC牌照优势，聚焦资产收购、处置、管理主责主业，担负起区域性金融风险化解者、社会资源配置者和实 体经济服务者的重要职责使命，不仅实现了自身跨越式发展，更在服务海南"三区一中心""五向图强"战略中 勇挑国企责任担当，积极为海南自贸港顺利封关运作营造良好金融环境。 "十四五"期间累计收购债权资产超200亿元 2003年，海南省国资委挂牌成立同年，海南联合正式宣 ...

Core Viewpoint - A class action lawsuit has been filed against Blue Owl Capital Inc. for alleged violations of securities laws, specifically related to misleading statements and undisclosed liquidity issues that negatively impacted the company's asset base and investor confidence [1][5]. Group 1: Lawsuit Details - The lawsuit pertains to securities purchased between February 6, 2025, and November 16, 2025, during which the company allegedly made false and misleading statements [2][5]. - Investors are encouraged to contact the Schall Law Firm before February 2, 2026, to discuss their rights and potential participation in the lawsuit [2][3]. Group 2: Company Impact - Blue Owl Capital faced significant pressure on its asset base due to Business Development Company (BDC) redemptions and undisclosed liquidity issues, which led to the likelihood of halting or limiting BDC redemptions [5]. - The company's public statements during the class period were deemed false and materially misleading, resulting in investor damages once the truth was revealed [5].

Core Viewpoint - A class action lawsuit has been filed against Blue Owl Capital for failing to disclose significant liquidity issues and pressures on its asset base due to BDC redemptions during the specified class period [2][6]. Financial Performance - Blue Owl reported third-quarter financial results on October 30, 2025, with new capital commitments of $14 billion for the quarter and $57 billion over the last twelve months. Direct lending originations were $10.9 billion for the quarter and $46.8 billion over the last twelve months. However, fee-related earnings were only $376.2 million, missing consensus estimates, and performance revenue fell 33% year over year to $188,000 [3]. - Following the financial report, Blue Owl's share price dropped by $0.70, or approximately 4.23%, from $16.56 to $15.86 [3]. Merger Announcement - On November 5, 2025, Blue Owl Capital Corporation and Blue Owl Capital Corporation II announced a definitive merger agreement, stating that the merger would enhance liquidity for shareholders. The exchange ratio for shares will be based on the NAV per share and market price prior to the merger [4]. - The announcement led to a decline in Blue Owl's share price by $0.74, or approximately 4.72%, from $15.69 to $14.95 [4]. Redemption Issues - A Financial Times article on November 16, 2025, reported that Blue Owl had blocked redemptions in one of its private credit funds, potentially leading to significant losses for investors. Investors in OBCD II will lose the ability to redeem cash at the fund's NAV after the merger, trading their shares for Blue Owl Capital Corporation shares, which are trading about 20% below the fund's NAV [5]. - This news caused Blue Owl's share price to decline by $0.85, or approximately 5.8%, from $14.62 to $13.77 [5].

As the year winds down, finance pros are scanning the horizon for signals of what 2026 may hold. Apollo chief economist Torsten Sløk sees five risks to markets and the economy. He thinks the US economy will likely reaccelerate, potentially stoking fresh inflation. 'Tis the season for year-ahead outlooks on Wall Street as 2025 winds down, and Apollo Global Management's top economist is eyeing a handful of key risks to the outlook for markets and the economy. Torsten Sløk, chief economist at Apollo ...

Core Viewpoint - The article highlights the decline in deposit interest rates in China, leading to the rise of a new asset allocation strategy called "New Three Golds," which includes money market funds, bond funds, and gold ETFs, particularly among younger generations [2][3][5]. Group 1: Interest Rate Environment - Several state-owned banks have recently removed five-year large-denomination certificates of deposit, with three-year deposit rates generally falling to the range of 1.5% to 1.75% [2][4]. - The current interest rate environment in China is at historical lows, with the six major state-owned banks reducing the interest rates on demand deposits to 0.05% and one-year fixed deposit rates dropping below 1% [3][5]. Group 2: Rise of "New Three Golds" - "New Three Golds" refers to a diversified asset allocation strategy involving money market funds, bond funds, and gold ETFs, aimed at achieving better returns than traditional deposits while controlling overall volatility [3][6]. - As of April 2025, over 9.37 million individuals born in the 1990s and 2000s have adopted the "New Three Golds" strategy on the Ant Wealth platform [2][3]. Group 3: Shift in Investment Behavior - There is a noticeable shift in investment behavior among residents, particularly young individuals, as they seek to preserve and grow their wealth amid declining deposit rates. In October 2025, household deposits decreased by 1.34 trillion yuan, while deposits in non-bank financial institutions increased by 1.85 trillion yuan [5][6]. - Discussions about asset allocation strategies, including "New Three Golds," are increasingly prevalent in online communities frequented by young people, indicating a growing interest in diversified investment approaches [3][6]. Group 4: Expert Insights and Recommendations - Experts suggest that the preference for "New Three Golds" among young investors may indicate a structural long-term change in investment behavior rather than just a temporary response to low interest rates [6][7]. - Financial experts recommend that investors should assess their risk tolerance and investment goals before diversifying their asset allocation, emphasizing the importance of rational decision-making over impulsive investments [6][7].