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Google to invest $25B in AI data centers across largest US electric grid over next 2 years
New York Post· 2025-07-15 17:29
Google will invest $25 billion in data centers across the nation’s largest electric grid over the next two years to help power its big bet on artificial intelligence, the company said Tuesday.The tech giant’s president and chief investment officer, Ruth Porat, was expected to join President Trump at an AI summit in Pennsylvania to announce the investment.“We support President Trump’s clear and urgent direction that our nation invest in AI infrastructure, technology, and the energy to unlock its benefits so ...
BlackRock Q2 Earnings Beat on AUM Growth & Higher Revenues, Stock Down
ZACKS· 2025-07-15 17:26
Key Takeaways BLK reported Q2 adjusted EPS of $12.05, beating estimates and up 16% from the prior year. AUM rose 18% year over year to a record $12.52T, driven by $46B in net inflows and market gains. Revenues rose 13% to $5.42B, while expenses increased 23% year over year to $3.69B.BlackRock’s (BLK) second-quarter 2025 adjusted earnings of $12.05 per share handily surpassed the Zacks Consensus Estimate of $10.66. The figure reflects a rise of 16% from the year-ago quarter.Shares of BLK are trending 6.4% ...
X @The Wall Street Journal
BlackRock’s shares tumbled after the investing giant said a large client pulled $52 billion from the asset manager during the second quarter https://t.co/vVyKC0yJXK ...
Can Voya Tap Into New Growth Opportunities Through Blue Owl Alliance?
ZACKS· 2025-07-15 16:35
Core Insights - Voya Financial has partnered with Blue Owl to create innovative private market investment solutions for defined contribution retirement plans, enhancing investment options for participants [1][9] - The partnership will focus on designing collective investment trusts (CITs) that incorporate private market strategies from both firms, available through Voya's retirement platform [2][9] - This collaboration aims to deliver consistent income, manage downside risk, and expand access to alternative investments for retirement savers [3][4] Company Benefits - Voya is expected to open new revenue streams through private market investment products, potentially increasing its assets under management (AUM) by attracting new retirement plans and institutional clients [4][9] - The partnership allows Voya to broaden its distribution footprint and reach new client segments, particularly in retirement and insurance asset management [4][5] Future Collaboration - Voya and Blue Owl plan to extend their collaboration beyond retirement solutions into the insurance asset management space, leveraging each other's expertise in direct lending and fixed income strategies [5][9] Market Performance - Voya's shares have gained 6.6% year-to-date, outperforming the industry average [6]
Infrastructure investing is at the beginning of a golden age, says BlackRock CEO Larry Fink
CNBC Television· 2025-07-15 15:53
We're going to turn back to Brian Sullivan who joins us with a special guest. Hey Brian. Yeah, not just energy and AI Carl, but the largest asset management firm in the world.New results this morning, Black Rockck 12.5% trillion in assets under management, organic fee growth 6% and going higher on that. Larry Frink is the founder and the chair and CEO of Black Rockck and joins us now. Uh Larry, we're going to get to AI and energy and everything why we're here in just a second.The market's not loving the rea ...
Artisan Partners Asset Management (APAM)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-07-15 14:56
After reaching an important support level, Artisan Partners Asset Management Inc. (APAM) could be a good stock pick from a technical perspective. APAM recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common cros ...
BlackRock shares slip on second quarter revenue miss
Proactiveinvestors NA· 2025-07-15 14:38
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
BlackRock(BLK) - 2025 Q2 - Earnings Call Transcript
2025-07-15 12:30
BlackRock (BLK) Q2 2025 Earnings Call July 15, 2025 07:30 AM ET Speaker0Good morning. My name is Katie, and I will be your conference facilitator today. At this time, I'd like to welcome everyone to the BlackRock Incorporated Second Quarter twenty twenty five Earnings Teleconference. Our host for today's call will be Chairman and Chief Executive, Laurence D. Fink Chief Financial Officer, Martin S.Small President, Robert S. Capito and General Counsel, Christopher J. Meade. All lines have been placed on mute ...
BlackRock(BLK) - 2025 Q2 - Earnings Call Presentation
2025-07-15 11:30
Financial Performance - Assets Under Management (AUM) reached $12.5 trillion as of June 30, 2025[2] - Q2 2025 Base Fees and Securities Lending Revenue totaled $4.5 billion[2] - Q2 2025 Operating Income, as adjusted, was $2.099 billion[8] - Q2 2025 Net Income, as adjusted, was $1.883 billion[9] - Q2 2025 EPS, as adjusted, reached $12.05[9] Net Flows - Total BlackRock Retail Long-term net flows for Q2 2025 were $82 billion[5] - Institutional Long-term net flows for Q2 2025 were $(48) billion[5] - ETFs Long-term net flows for Q2 2025 were $85 billion[5] Revenue Breakdown - Base fees constitute 79% of the quarterly revenue[22] - Tech services & subscription revenue accounts for 9% of the quarterly revenue[22] - Securities lending revenue represents 2% of the quarterly revenue[22] Expense Breakdown - Employee compensation and benefits make up 50% of the quarterly expenses, as adjusted[33] - Sales, asset & account expenses account for 32% of the quarterly expenses, as adjusted[33] - General & administration expenses represent 18% of the quarterly expenses, as adjusted[33] Capital Management - Share repurchases for Q2 2025 amounted to $375 million[14] - Dividends per share for Q2 2025 were $5.21[16]
【金融街发布】金融监管总局:地方资产管理公司对单一客户和同一集团客户的股权、债权等投融资余额不得超过自身净资产的10%、15%
Core Viewpoint - The introduction of the "Interim Measures for the Supervision and Management of Local Asset Management Companies" aims to enhance supervision, promote healthy industry development, and mitigate regional financial and economic risks [1][3]. Group 1: Regulatory Framework - The "Measures" consist of four chapters and forty-five articles, covering general principles, business operations and risk management, supervision, and supplementary provisions [2]. - The framework specifies the operational behaviors of local asset management companies, including business scope, operational areas, and asset acquisition limits, to ensure they focus on their primary responsibilities and effectively serve local needs [2]. Group 2: Risk Management - The "Measures" establish concentrated risk management requirements, limiting the financing balance for single clients and groups to 10% and 15% of the company's net assets, respectively [2]. - Liquidity risk management is defined, mandating that local asset management companies maintain quality liquid assets to cover net cash outflows for the next 30 days [2]. - Regulations on related party transactions are set, capping the total debt to related parties at 50% of the company's net assets [2]. Group 3: Supervision Responsibilities - The provincial financial management institutions are designated as responsible for the supervision and risk management of local asset management companies within their jurisdictions [2]. - The financial regulatory authority will enhance information sharing and collaboration with local institutions to guide the industry towards standardized and healthy development [2][3].