Asset
KKR profit soars 49% on improving asset sales, beating estimates
KKR & Co posted a second-quarter profit that beat Wall Street estimates as the buyout firm generated more income than expected from selling assets.
Adjusted net income climbed 49 per...
Apac distressed credit and infrastructure top MSCI private asset Q1 performance rankings
DISTRESSED credit and infrastructure were the best-performing asset classes among Asia-Pacific private capital funds in Q1, according to data collated by MSCI.Pooled quarterly returns for distressed private credit hit...
MAS ropes in global industry associations for asset tokenisation project
THE Monetary Authority of Singapore (MAS) has roped in global industry associations for its project to pilot promising asset tokenisation use cases.It is also planning to develop standards, market...
UBS revamps how it sells private asset funds as demand booms
It will combine the bank’s fund selection of its Global Wealth Management division and its institutional asset management businessUBS Group is seeking to cement its position as top-five player...
UBS to sell partial stake of a joint venture to Beijing state asset manager
UBS is selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management (BSAM), a key step for the Swiss bank as it consolidates...
JPMorgan asset and wealth head sees China’s economic outlook improving
JPMORGAN Chase is seeing signs of an improving economy in China that will bolster the bank’s business in the country after a sluggish period, its CEO of asset and...
Mapletree Investments divests North Carolina student housing asset
MAPLETREE Investments has divested its student accommodation asset in North Carolina, United States, for an undisclosed amount, it said on Thursday (Jun 20). The asset was held by Mapletree...
‘Asset famine’ in China curbs central bank’s bond trading ambitions
A SCARCITY of low-risk assets in China’s financial sector is obstructing the central bank’s plans to make its monetary policy toolkit more efficient with a return to the treasury...
