US-based asset management company Vanguard has marked down Ola’s valuation to less than $2 billion. This is the third consecutive haircut in the firm’s valuation by Vanguard since February 2023. Vanguard has marked down Ola’s parent ANI Technologies to $1.88 billion as of November 30, 2023, as per its regulatory filings with the US Securities and Exchange Commission (SEC). This is 29% lower than its previous fair value of $2.65 billion as of August last year. In February last year, Vanguard?marked down?the fair value of its stake in Ola by 35% to $4.8 billion and later?slashed?their holding by another 52% to $3.5 billion in its July disclosure. It’s worth noting that Ola was valued at $7.3 billion in 2021.
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What Does It Take to Safeguard a Legacy in Asset Management? - HBS Working Knowledge https://lnkd.in/gGb7UHag #assetmanagement
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Why this old-time asset management company is a resilient investment. Here's all you need to know about UTI Asset Management Company (UTI AMC). https://trib.al/DS67kPv
Why This Old-Time Asset Management Company is a Resilient Investment
thehindubusinessline.com
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Interesting piece from Ropes & Gray exploring strategic drivers behind the strong transaction volume for asset management M&A.
Recent Developments in Asset Management M&A Transactions
https://corpgov.law.harvard.edu
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Vinci Partners (NASDAQ: VINP) and Compass, a leading independent asset management firm in Latin America, have just announced a business combination, creating the gateway for alternative asset management in Latin America. With this strategic move, Vinci will expand its geographic footprint across eight countries, establishing a leading pan-regional platform with over $50 billion in assets under management. This positions them as a full-service platform with local-to-local, local-to-global, global-to-local, and global-to-regional investment opportunities. “Together, we will become a true pan-regional platform, and create a leading player in Latin America, expanding our geographic footprint, and strengthening our combined business through complementary products, broader geographic coverage, and more diversified revenue and funding bases. We believe this transaction consolidates Vinci’s position as the gateway to alternative investments in Latin America, as investors gain unparalleled access to the full-suite of alternative investments across the region, and we will be able to meet our stakeholders’ investment needs on a local-to-local, global-to-local, local-to-global and global-to-regional basis,” said Alessandro Horta, Chief Executive Officer of Vinci Partners. “Over the last 28 years, we have built a strong reputation through our extensive distribution network and track record in Latin America. Combining with Vinci is the perfect complementary move, as we gain access to a leading and diverse set of alternative investment opportunities in Brazil. Our shared vision includes offering the best Latin American investment solutions to global investors and providing global solutions to Latin American investors. There is a significant opportunity to grow in LatAm, and the combination with Vinci will allow us to develop new regional products leveraging on their extensive capabilities as well as expand our product base into Brazil through Vinci′s distribution relationships,” said Jaime Marti, partner and Chief Executive Officer of Compass. For more details, access: https://lnkd.in/dQseHn7m
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M&A in Wealth and Asset Management: Finding Pockets of Opportunity in a Slow Year
Wealth and Asset Management M&A
bain.com
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Partner at Bain & Company | Leader in Financial Services and Wealth & Asset Management
M&A in Wealth and Asset Management: Finding Pockets of Opportunity in a Slow Year: Why companies are doing deals in a period of uncertainty
Wealth and Asset Management M&A
bain.com
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B2B Business Development - Partnerships, sales & marketing - Strategy & Deploy for growth. Sales performance improvement, Experience: Cleantech, construction materials & risk mitigation for buildings & wildfires
Arcmont Asset Management and Churchill Asset Management, the European and U.S. asset management companies of Nuveen Private Capital,... #growth #businessdevelopment #market #strategicpartnerships #b2bsales
Nuveen Private Capital Expands European Business Development Team with Hire of Ralph van Daalen
businesswire.com
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Macquarie Asset Management’s Mody On The Democratization Of Alternative Investments Watch Now: https://lnkd.in/ez2zikEe #RIA #RIAChannel Macquarie Asset Management Andrea Mody
Macquarie Asset Management’s Mody On The Democratization Of Alternative Investments
https://www.riachannel.com
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In McKinsey’s latest asset management report, they highlight four trends in the industry that managers can capitalize on. Find out why evolution in the private markets is a boon for the industry: https://lnkd.in/g3CjqvSe
McKinsey On Asset Management — The 4 Big Opportunities
forbes.com
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Looking for key insights into the asset management industry? Learn about the perspectives of CEOs and their predictions for the upcoming year, as captured in the KPMG 2024 Asset Management CEO Outlook.
KPMG 2024 Asset Management CEO Outlook
kpmginternational.smh.re
