asset management

New On The Block Willow Tree Credit Partners seeks to sell a minority stake and is soliciting potential buyers, according to Bloomberg. The New York-based firm has about $5 billion in assets under management. Bloomberg also reports that Zurich-based Partners Group is divesting a 49% stake in...

BlackRock Inc. (NYSE: BLK announced plans to eliminate approximately 600 jobs, constituting about 3% of its global workforce. This move, per Bloomberg, reflects the evolving asset management landscape and a realigning of its workforce with emerging trends. CEO Larry Fink and President Rob Kapito...

Galaxy Digital, a cryptocurrency group led by U.S. billionaire Mike Novogratz, is actively seeking to acquire more assets from bankrupt digital asset companies. This strategy follows their successful deal involving the sale of coins held by the failed crypto exchange FTX (CRYPTO: FTT), which...

Crypto exchange Coinbase Global Inc. (NASDAQ: COIN) on Tuesday announced the launch of Project Diamond, a new smart contract-powered platform aimed at institutions, designed to facilitate the creation, purchase and sale of digitally native assets. The first transaction on...

SEBA on Wednesday announced it has extended its regulatory reach to Asia. What Happened: The crypto bank has a new license from the Securities and Futures Commission (SFC) in Hong Kong. Through its subsidiary, SEBA Hong Kong, the firm is now authorized to offer a wide array of regulated...

The U.S. Court of Appeals for the D.C. Circuit confirmed Grayscale Investments' ruling, mandating the Securities and Exchange Commission (SEC) to reassess the asset management company's application for a spot Bitcoin (CRYPTO: BTC) ETF. This decision aligns with the court's judgment from...

Hong Kong's key financial regulator, the Securities and Futures Commission (SFC), released a circular with the Hong Kong Monetary Authority (HKMA) on Oct. 20, acknowledging the rapidly evolving virtual asset landscape and its increasing alignment with mainstream finance. This transformation has...

U.K. regulator, Financial Conduct Authority (FCA), has a progressive stance towards the future of asset management. Drawing insights from a discussion paper released by the FCA, the regulator's focus on proportionate regulation and its role in driving innovation is evident. As digital assets...

UBS (NYSE: UBS) cut jobs last month at its Credit Suisse subsidiary. After trimming forces in the asset management division, UBS Asset Management is now looking forward to its first live pilot program of tokenized money market fund on Ethereum.   Find out more about tokenization and its...

Crypto index fund manager Bitwise Asset Management on Friday announced its intention to launch two new Ethereum (CRYPTO: ETH) futures ETFs. These ETFs, named AETH and BTOP, are set to be listed and commence trading on Oct. 2. This move by Bitwise was seen as a strategic step in...

Crypto asset manager CoinShares announced on Friday its foray into the U.S. with the launch of CoinShares Hedge Fund Solutions. This move will extend the company's offerings to qualified U.S. investors, providing a diverse range of investment products tailored to the digital asset space....

The U.S. Securities and Exchange Commission (SEC) once again postponed its verdict on the spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) put forward by ARK Investment Management. The SEC on Aug. 11 initiated a 21-day public comment window for the ARK 21Shares Bitcoin ETF, marking another...

Soccer superstar Lionel Messi recently joined Major League Soccer (MLS) team Inter Miami — a move that surprised sports fans around the world. In his first four games with Inter Miami, Messi scored seven goals and helped the team advance to the quarterfinals of the Leagues Cup. Here’s a...

Fidelity, the colossal asset management firm that manages assets worth $4.3 trillion, has once again submitted paperwork to launch its Wise Bitcoin Trust, which is a spot Bitcoin exchange-traded fund (ETF). This development closely follows BlackRock's submission for a similar ETF through...

Fidelity, a leading asset management firm, is reportedly on the verge of filing for a Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF), joining a growing number of issuers eager to introduce such a product. An insider with knowledge of Fidelity's plans indicated that the filing could be made as...