Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.
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As the NFL opens up investments from private equity firms, new funds may help clients invest in their favorite teams.
New research has found a growing number of family offices and high-net-worth clients are kicking their traditional hedge funds to the curb.
The BlackRock deal highlights a move by some of the world’s largest asset managers into the very private world of private markets investing.
The asset manager announced annual revenues rose 14%, topping $20 billion for the first time, with record net inflows of $641 billion.
It’s basic Newtonian physics, as Boeing just learned: When the sky falls for a company, so, too, will the bottom line.
The company’s struggle gives us a glimpse into how the wider world of voice assistants is trying to keep up with the technology zeitgest.