The rise of passive investments has come to define asset management in recent years. A surge of interest has seen flows into ETFs spike. The global market could top $ 15tn within three years, according to some estimates. But in an increasingly crowded space, where will things head next? Few are better placed to answer … Read more
BlackRock has no plans to launch a bitcoin product, but is bullish on the blockchain technology that underpins cryptocurrencies, according to one of its most senior executives. “In terms of the underlying technology of blockchain, it is incredibly innovative and incredibly disruptive,” Salim Ramji, global head of iShares and index investments at BlackRock told Financial … Read more
Fund management professionals have been warned that soaring pay and bonuses prompted by an escalating war for talent could soon come to an abrupt end. “The war for talent is real, but some of the pricing that people have been banding around for talent is about to change in a meaningful way,” said Edwin Conway, … Read more
Despite the sunny weather, the outlook was less rosy this week in Berlin, where the private equity industry met for its annual industry summit. In a week when the S&P 500 stock index fell into a bear market and both the US Federal Reserve and Bank of England raised interest rates, buyout bosses met in … Read more
Text size Pedestrians walk past the entrance to Zendesk headquarters in San Francisco. David Paul Morris / Bloomberg Zendesk soared early Friday after The Wall Street Journal reported the provider of cloud-based customer-service software was in takeover talks with a group of buyout firms. Zendesk (ticker: ZEN) jumped more than 53% to $ 88.95 in … Read more
Zendesk Inc. is close to a deal with a group of buyout firms, according to people familiar with the matter, resurrecting a failed attempt to sell itself in what would be one of the biggest private-equity takeovers of the year. A deal with a group that includes Hellman & Friedman LLC and Permira could be … Read more