BlackRock Memo Reveals Wealth-Management Shuffle Amid ESG Backlash in Texas

The asset manager is seeking to expand ties with rich investors and calm a backlash over energy investment strategy, among other areas. 


 
BlackRock-Temasek Venture Amasses $1.4 Billion for Clean-Energy Wagers

The firms' Decarbonization Partners raised its first fund to support emissions-reducing technologies. 


 
Buyout Shop GTCR's Take-Private Deal Values AssetMark at $2.7 Billion

The private-equity firm is buying out majority owner Huatai Securities, which acquired the wealth management company in 2016. 


 
Oaktree Spins Out Transportation-Infrastructure Group

Two senior Oaktree executives have formed Duration Capital Partners with $3.65 billion in infrastructure assets, people familiar with the matter said. 


 
Project Primus Looks to Teach Family Scions How to Invest

The investment boot camp, which requires a $1 million commitment, aims to capitalize on the coming multitrillion-dollar generational wealth transfer. 


 
Mercer Raises $3.9 Billion for Multi-Asset Private Capital Fund

Private Investment Partners VII is designed to provide broad private markets exposure to investors that lack the internal resources to identify the best managers. 


 
BNP Paribas Confirms Outlook After Earnings Beat

BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit. 


 
Investment Banking Lifts Deutsche Bank Profits

Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations. 


 
Swedbank Upbeat on Economic Recovery

Swedbank's earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as it looks to move on from tangles with regulators over money laundering. 


 
What the End of Negative Rates Means for Japan

The world's fourth-largest economy is entering a new era, and there's a lot at stake.


(END) Dow Jones Newswires

04-26-24 0015ET