Assets Under Management (AUM) - Ending AUM increased to $88.9 billion as of June 30, 2025, compared to $87.6 billion as of March 31, 2025[2] - Average AUM for Q2 2025 was $87.2 billion, up from $86.8 billion in Q1 2025[2] - Market appreciation contributed $2.3 billion to AUM in Q2 2025, compared to $2.1 billion in Q1 2025[2] Flows - The company experienced net outflows of $131 million in Q2 2025, a shift from net inflows of $222 million in Q1 2025[2] - Open-end funds and closed-end funds saw net inflows, while advisory and subadvisory experienced net outflows[2] - Total firm net flows were -$0.1 billion in Q2 2025, representing an organic decay of -0.6%[18] Financial Performance (As Adjusted) - Net income was $37.3 million in Q2 2025, slightly lower than $38.4 million in Q1 2025[2] - Diluted EPS was $0.73 in Q2 2025, compared to $0.75 in Q1 2025[2] - Operating margin was 33.6% in Q2 2025, a decrease from 34.7% in Q1 2025[2] - Revenue reached $135.3 million in Q2 2025, compared to $133.8 million in Q1 2025[4] - Expenses totaled $89.9 million in Q2 2025, up from $87.3 million in Q1 2025[4] Revenue Breakdown (As Adjusted) - Open-end fund fees generated $69.9 million in revenue in Q2 2025[8] - Institutional fees contributed $32.8 million in revenue in Q2 2025[8] - Closed-end fund fees accounted for $24.9 million in revenue in Q2 2025[8] Expense Breakdown (As Adjusted) - Employee compensation and benefits amounted to $54.8 million in Q2 2025[11] - Distribution and service fees were $15.7 million in Q2 2025[11] - General and administrative expenses totaled $17.0 million in Q2 2025[11] Investment Performance - 94% of total AUM was in outperforming strategies over the 1-year period as of June 30, 2025[32] - 90% of total AUM was in outperforming strategies over the 10-year period as of June 30, 2025[32] - 96% of U S open-end fund AUM was rated 4 or 5 stars by Morningstar[32]

Apollo Global Management won the mandate to manage Singapore’s $1 billion private credit fund targeting local high growth enterprises https://t.co/zQbJONSAG3 ...

Group 1 - P10, Inc. will release its second quarter 2025 results on August 7, 2025, before U.S. markets open [1] - A conference call and live webcast will be held at 8:30 a.m. Eastern Time on the same day [1] - A replay of the call will be available on P10's investor relations page for those unable to participate live [2] Group 2 - P10 is a leading multi-asset class private markets solutions provider in the alternative asset management industry [3] - As of March 31, 2025, P10 has a global investor base of over 3,800 investors across 50 states and 60 countries [3] - The investor base includes some of the world's largest pension funds, endowments, foundations, corporate pensions, and financial institutions [3]

T. Rowe Price Group Inc. is making a business-wide round of job cuts as the Baltimore-based asset manager grapples with outflows and other pressures https://t.co/BDXDY7w2qY ...

Wormhole selected as official multichain partner for accessing $958B1 private markets investment manager's senior credit fund through the Senior Credit Opportunities Securitize Fund (SCOPE Access Fund), now live on Ethereum and Optimism via Securitize.GRAND CAYMAN, Cayman Islands, July 17, 2025 /PRNewswire/ -- Wormhole, a leading interoperability platform connecting traditional finance and the internet economy, has been selected as the official interoperability partner for SCOPE Access Fund, a tokenized fee ...

尽管受权益市场走强、买断式逆回购到期、政府债净缴款增加、税期走款、同业存单到期量增多等扰动 因素的影响，近期债市利率震荡上探，总体表现偏弱，但记者在采访中发现，大部分业内专家对后市演 绎并不悲观，毕竟就经济基本面和资金面来看，债市仍处"顺风"环境中。 新华财经上海7月17日电（记者杨溢仁）7月以来，债市不改震荡盘整行情，收益率整体上探。而关 于"债牛"能否延续的探讨，已成为业界关注的焦点话题之一。 不少持乐观态度的机构认为，债市收益率中枢的下行趋势暂难扭转，市场估值虽高，可只要政策基调不 变，那么大方向依旧会利多债市表现。 债市表现依旧可期 中央国债登记结算有限责任公司提供的数据显示，截至7月16日收盘，银行间利率债市场收益率不改小 幅波动走势。其中，10年期国债收益率上行1BP至1.66%附近。 由此，聚焦债市布局，"在当前的市场环境下，单一策略带来的超额回报越来越有限。因此，我们更强 调'多策略'的组合方式。"贝莱德基金首席固定收益投资官刘鑫表示，"实际上，传统的久期策略在利率 环境变化不大的阶段很难获得超额收益。因此，我们会结合交易策略、结构性策略，一、二级市场套 利，甚至利用衍生品进行套息，以构建多层 ...

巴蜀养基场 . 以下文章来源于巴蜀养基场 ，作者九思万幸 做好的理财经理教育，成为公募基金财富管理领域赋能的领先品牌，目前已服务280+金融机构和100,000+理财经理。提供降费降佣背景下的行业各项解决 方案（咨询、辅导、培训、基金产品测评、营销策划等服务）基哥 18608036474（V信同号） 其实2700点以下并不是多么遥远的过去，最近的一次是去年924行情启动前的9.19，市场在2697点，再之前就是去年2月3日的2635点。 （2023年—至今 上证综指走势图 来源：东方财富） 所以，这次我们是因为经历了市场这一轮的上涨之后，我问大家，如果市场回到2700点及以下的话，你会做什么。我猜可能会有很多朋友选择把仓 位加得高一些吧?! 只是确实非常可惜，我们每一个人都没有这种未卜先知的能力。所谓有钱难买早知道。但是，说句不好听或许也是大家不爱听的，如果市场在未来 的某一时间真的又回到了2700点的话，你会怎么办呢？ 滚粗，不会有这么一天的。每一轮牛熊交替的最低点都会上一个平台的，比如2007、2008年的那波市场最高点是到达了6124点，而最低点是1664 点，而2015年的那波市场最高点是5178点， ...

Fidelity Investments raised a second opportunistic credit fund as the world’s third-largest asset manager expands its push into alternatives https://t.co/1MRuP6HG0J ...

Core Insights - DeFi Technologies has successfully launched two digital asset exchange traded products (ETPs) on the SIX Swiss Exchange, marking its entry into the Swiss market [1][6] - The newly listed ETPs, 1Valour Hedera (HBAR) and 1Valour Internet Computer (ICP), provide regulated access to digital assets while integrating staking rewards [2][6] Product Details - 1Valour Hedera (HBAR) Physical Staking offers exposure to the Hedera network's native token, HBAR, while capturing staking rewards without requiring users to manage wallets [3] - 1Valour Internet Computer (ICP) Physical Staking provides passive exposure to ICP, enabling investors to participate in the network's native economics through a traditional financial instrument [4] Executive Commentary - Johanna Belitz, Head of Nordics and DACH at Valour, emphasized the significance of the launch on SIX as a milestone in democratizing access to digital assets in Switzerland [5] - Elaine Buehler, Head of Products at Valour, noted the growing institutional and retail appetite for yield-generating digital asset products [5] Market Expansion - With the addition of these products, Valour now offers over 75 ETPs across various European exchanges and aims to reach 100 ETPs by the end of 2025 [5][6]

Core Viewpoint - State Street and BlackRock, two of the largest global financial institutions, reported strong Q2 earnings, raising questions about which asset manager presents a better investment opportunity at the moment [1][2][3]. Group 1: State Street's Q2 Performance - State Street reported Q2 earnings of $2.53 per share, exceeding the Zacks EPS Consensus of $2.36 by 7% and marking a 17% increase from $2.15 in the same quarter last year [4]. - The company achieved record Q2 sales of $3.44 billion, an 8% increase from $3.19 billion a year ago, surpassing estimates of $3.37 billion [4]. - Fee revenue for State Street spiked 12%, driven by servicing, management, and software fees, alongside a 27% surge in FX trading volumes [5]. Group 2: BlackRock's Q2 Performance - BlackRock's Q2 EPS was $12.05, beating expectations of $10.71 by 12% and increasing 16% from $10.36 in the same quarter last year [6]. - The company's sales reached $5.42 billion, which, while a 13% increase from $4.8 billion in Q2 2024, fell short of estimates of $5.44 billion [6]. - BlackRock generated 7% organic base fee growth and over $650 billion in net inflows, attributed to record inflows for its iShares ETFs and expansions in private markets [7]. Group 3: Assets Under Management (AUM) - Both State Street and BlackRock achieved record AUM, with State Street's AUM increasing 17% year over year to $5.1 trillion, while BlackRock's AUM rose 18% to $12.53 trillion, making it the first asset manager to surpass $12 trillion [10]. Group 4: Dividend and Valuation Comparison - State Street announced an 11% increase in its quarterly dividend to $0.84 per share, resulting in a current dividend yield of 2.98%, which is higher than BlackRock's 1.99% [11]. - State Street trades at a forward earnings multiple of 10.5X, significantly lower than BlackRock's 22.5X and the S&P 500's 24.1X [13]. Group 5: Investment Outlook - Both State Street and BlackRock stocks have seen gains of over 4% year to date and more than 20% over the last year, indicating their viability as investments [14]. - State Street holds a Zacks Rank 1 (Strong Buy), making it an appealing option due to its dividend and P/E valuation, while BlackRock has a Zacks Rank 2 (Buy) and excels in technology and data-driven strategies [15].