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Importantly and atypically, over half of our Q1 debt brokerage dealflow was on non-multifamily assets in retail, hospitality, industrial, and office. If the asset is still leasing up and doesn't have 90% occupancy, it can't qualify for a GSE loan. The decrease in non-cash MSR revenues drove a $7.2
Two additional key performance indicators that management will be discussing on this call are net asset value, or NAV, and return on equity, or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per share basis. We've also continued to produce attractive results in our asset management business.
” Per a Wall Street Journal article from November 2, 2022 : “Venture has outperformed other asset classes in prior down cycles. As Warren Buffett famously said: “Be fearful when others are greedy, and be greedy when others are fearful.”
” Per a Wall Street Journal article from November 2, 2022 : “Venture has outperformed other asset classes in prior down cycles. I estimate the current net asset value at $7.76m, representing a 25% unrealized IRR and 1.3x into 86 companies across 109 investments. gross multiple.
And so we’ve grown from a very small company with 29 partners back in 1979 to, as you noted, over a trillion dollars of assets and it become very diversified. So fixed income is now a substantial percentage of our assets. For, for hedge fund or for, 00:06:29 [Speaker Changed] So that was actually Montgomery Asset Management.
The transcript from this week’s, MiB: Ken Kencel, Churchill Asset Management , is below. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Ken Kencel of Churchill Asset Management, CEO, Founder, President. This is really a fascinating story. Ken Kencel, welcome to Bloomberg.
I wanna say it’s about $179 billion in client assets. You’ve probably heard some aspects of this from the various interviews I’ve done with Howard Marks talking about the distressed asset fund they set up in 2007. You joined in 2007. It’s a very different philosophy. Panossian ] 00:05:18 Yeah.
This should be very positive for Blackstone's asset values and provide the foundation for a significant realization cycle over time. This data also alerts us to major paradigm shifts, which is essential for any top-performing asset manager. As the largest alternatives firm in the world with nearly $1.1 How did we do it?
We were the first alternative manager to surpass $1 trillion of assets under management. public company by market cap, exceeding the market value of all other asset managers. Stepping back, over the last two years, the campaign by central banks to control inflation has resulted in muted returns for most traditional asset classes.
Due to increased dealflow and revenues, we grew diluted earnings per share 33% year over year to $0.85 Our HUD lending volumes grew over 200% to $272 million in Q3, while W&D Affordable Equity revenues were down 37% due to a decline in tax credit syndications and asset dispositions during the quarter. We closed $11.6
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