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BlackRock assets reach new high of $11.5tn

Asset Management Correspondent

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BlackRock posted record flows in the latest quarter, helping push assets under management at the world’s largest fund group to a new high of $11.5tn.

According to its third-quarter results, published on 11 October, the New York-headquartered firm pulled in $221bn of net inflows between July and September, compared with just $2.6bn for the same period in 2023.

The US asset manager, which is making a push into private markets, pulled in more than $221bn of new money during the third quarter

David Ricketts

Investing

Hedge fund Discovery Capital extends year-to-date returns to almost 18%

Crypto hedge fund Tephra Digital returns 9% in July 

Steve Cohen’s Point72 begins India hiring push

Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

Bank of England Cuts Rates After Tight Vote

The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

Exits Lift Carlyle in Second Quarter as Firm Sees Better Market Conditions

The bank’s quarterly net result declined but revenue rose 13% compared with a year ago, and it reaffirmed its capital returns plans.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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Gold prices are climbing as the threat of a U.S. economic slowdown becomes increasingly real.

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The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

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Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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Gold futures rose as the speculation around an interest rate cut in September intensifies. Gold settled 0.8% higher, up for a second consecutive session.

Demand is up for private aviation, the luxury that separates the 1% from the 0.1%.

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

KKR Posts Higher Revenue, Increases Assets Under Management

America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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Britain’s Lottie Woad became one of the top players in the world by demolishing professionals while she was still an amateur. Now, she’s ready to start winning majors.

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Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business.

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The retail trading platform posted a profit of $386 million for the quarter.

Robinhood Second-Quarter Revenue Rose on Transaction Sales Growth

Work-to-party founder Adam Neumann liked to say he ran a tech company. WeWork’s new, postbankruptcy marketing chief is tasked with positioning the brand as an old-fashioned office space provider.

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The shooter who killed four including Blackstone executive and NYPD officer left suicide note indicating he believed he had CTE from brain trauma, Adams says

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U.S. stock futures and European indexes gained, while the dollar strengthened against the euro, after President Trump announced the trade agreement Sunday.

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