The Motley Fool

MAY 2, 2024

Please note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blue Owl fund. This morning, we issued our financial results for the first quarter of 2024, reporting fee-related earnings, or FRE of $0.20 This fund was the largest U.S. Thank you very much, Ann.

Capital 130

Capital Asset Management Management Fees Assets 130

The Motley Fool

MAY 1, 2024

These flows reinforce the benefits of our large and strategic global client relationships and the power of our mutually reinforcing business system to grow our asset management fees. Additionally, higher incentive fees and seed and co-investment income resulted in an increase in other related revenues.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Liabilities Assets Capital 130

The Motley Fool

DECEMBER 19, 2024

Millrose will be externally managed by a subsidiary of Kennedy Lewis Investments and Institutional alternative investment firm with approximately $17 billion in AUM and extensive experience with both Lennar and with the land and land development business for home builders. The Motley Fool has positions in and recommends Lennar.

Debt 242

Debt Assets Capital Banks 242

The Motley Fool

AUGUST 9, 2024

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 positive results in our asset management business.

Capital 130

Capital Asset Management Securities and Exchange Commission (SEC) Debt 130

The Motley Fool

FEBRUARY 23, 2024

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.

Capital 130

Capital Securities and Exchange Commission (SEC) Asset Management Leveraging 130

The Motley Fool

FEBRUARY 9, 2024

Please note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blue Owl funds. This morning, we issued our financial results for the fourth quarter and full year of 2023, reporting fee-related earnings, or FRE, of $0.20 real estate fund raised in 2023.

Capital 130

Capital Stakes Securities and Exchange Commission (SEC) Management Fees 130

The Motley Fool

OCTOBER 11, 2024

We believe the continued path of central bank normalization will support sustained inflows across bond funds, ETFs, and institutional accounts. The combination triples infrastructure AUM and doubles private markets run-rate management fees. This was due to the relative outperformance of lower fee U.S.

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

The Motley Fool

APRIL 29, 2024

Bitcoin ETPs also benefit from this, offset by the management fees that are charged for those products. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Leverage provides the opportunity to generate higher returns if the price increases.

Leveraging 246

Leveraging Debt Assets Shareholders 246

The Motley Fool

AUGUST 2, 2024

With nearly half a trillion dollars of assets under management supporting defined benefit and defined contribution plans, PGIM is a market leader, servicing more than half of the world's 300 largest pension funds, including over two-thirds of the largest 100 U.S. pension plans, and is the largest pension fund manager in Japan.

Assets 130

Assets Capital Liabilities Collateral 130

The Motley Fool

MAY 10, 2024

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 positive results in our asset management business.

Capital 130

Capital Securities and Exchange Commission (SEC) Asset Management Leveraging 130

The Motley Fool

MARCH 20, 2024

In wealth management, we generate low take rate but high margin fee income from a large and growing pool of aggregated customer assets by offering customers high-quality products and superb convenience. The products are primarily low risk money market funds and, to a lesser extent, fixed-income mutual funds.

Accounting 246

Accounting Shareholders Financial Institutions Leveraging 246

The Motley Fool

APRIL 30, 2024

The multi-strat fund continues to generate strong returns while maintaining conservative risk posturing. Also, we completed a $500 million rated securitization in the quarter, lowering our cost of funds by approximately 150 basis points, as well as we achieved higher advance rates. The name of the game there is scale.

Capital 130

Capital Enterprise Values Assets Banks 130

The Motley Fool

JULY 14, 2023

CRE loans were also up 1%, reflecting funding on prior-year originations for construction loans and real estate banking, as well as increased affordable housing activity. Asset and wealth management reported a net income of 1.1 Clearly, Fed funds futures are up. Finally, credit costs were 489 million. Revenue of 4.6

Banks 130

Banks Liabilities Capital Assets 130

The Motley Fool

AUGUST 4, 2023

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 reported on a per share basis. We've also continued to produce attractive returns on our asset management business.

Capital 147

Capital Asset Management Securities and Exchange Commission (SEC) Assets 147

The Motley Fool

NOVEMBER 5, 2024

At the same time, we are making progress toward the establishment of a private capital fund, which I'll touch on later in this call. billion in investments, which is fully funded as we are vigilantly focused on deploying capital into high-quality opportunities that meet our risk-adjusted return requirements. times range.

Capital 130

Capital Assets Leveraging Funds 130

The Motley Fool

MAY 28, 2024

Their tangible book value is quite literally the value of their assets once you subtract out their liabilities, and so when you have a bank that's trading above its tangible book value, the market is presuming that it will take its book value and continue to generate returns. I can see the most realistic picture of fund performance over time.

Taxes 130

Taxes Accounting Education Shareholders 130

The Motley Fool

FEBRUARY 7, 2024

Prismic will enhance our mutually reinforcing business system and drive future growth by leveraging our differentiated brands, global asset and liability origination capabilities, and multichannel distribution. You've also seen us launch new vehicles like exchange-traded funds and ESG strategies. Turning to Slide 5. Results of our U.S.

Mergers and Acquisitions 130

Mergers and Acquisitions Capital Assets Liabilities 130

The Motley Fool

OCTOBER 21, 2024

That is with plain vanilla index funds. If you owned a Standard and Poor's 500 index fund over the past 5-10 years, you've benefited personally from the incredible rise of a company like NVIDIA. Do you personally use index funds for your own money even outside of your employer's 401k? Do you think of index funds like that?

Capital 130

Capital Portfolios Returns Funds 130

The Motley Fool

AUGUST 3, 2023

And our only contemplated use of the revolver at this time is to fund the Jackson build development buildings. As noted in the release, we have funded 87% of the $23.9 Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. So I think we did great business.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Debt Asset Management Capital 130

The Motley Fool

OCTOBER 15, 2024

On the funding side, global markets grew to support balance sheet needs of our clients and total deposits grew $20 billion on an ending basis. Global Markets activity and pricing, fixed asset repricing and one extra day all benefited NII, while higher funding costs partially offset those benefits. billion this year.

Banks 130

Banks Leveraging Assets Capital 130

The Motley Fool

AUGUST 2, 2023

As we look ahead, we are well positioned as a global leader at the intersection of asset management and insurance. Our insurance and retirement businesses, in turn, provide a source of growth for PGIM through affiliated net flows, as well as unique access to insurance liabilities. Moving to Slide 5. This included 5.7

Assets 100

Assets Capital Liabilities Asset Management 100

The Motley Fool

OCTOBER 11, 2024

In response to the Federal Reserve rate cut in September, we have reduced rates on promotional deposit offers in our consumer businesses, pricing on sweep deposits, and advisory brokerage accounts which are aligned to money market funds will continue to move in line with Fed rate cuts. Gerard Cassidy -- Analyst Very good.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

JANUARY 12, 2024

Adjusted full year revenue grew 5% on a back of 9% NII improvement and strong asset management fees and sales and trading results. Outside of NII, we saw good growth in treasury service fees and wealth management fees. billion before slowly moving lower over 2023.

Banks 130

Banks Taxes Accounting Assets 130

The Motley Fool

JULY 26, 2024

But you mentioned their equities trading, which was really strong, their investment banking fee growth, which was 29% year over year, which came from a very low bar, but now more companies are going public, more M&A activities happening, and the banks are a big beneficiary of that. Ricky Mulvey: Just so I'm setting the table a little bit.

Banks 130

Banks Investment Banks Investment Banking Portfolios 130

The Motley Fool

MAY 14, 2024

For wealth management, revenue grew robustly year on year with rapid increases in the number of users and average fund investments per user, primarily invested in low-risk money market funds. In terms of wealth management services, I think it will continue to grow for the reasons that I talked about earlier.

Accounting 130

Accounting Business Services Shareholders Portfolios 130

The Motley Fool

FEBRUARY 2, 2024

yield after management fees and actual capex and generated a 10.6% billion credit facility, and we have less than $300 million of maturities over the next 24 months with only $138 million left to fund under our existing development pipeline. The community was sold at an approximate 5.5% Turning to financial results.

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

JANUARY 12, 2024

Asset and wealth management reported net income of 925 million with pre-tax margin of 28%. billion was up 2% year on year driven by higher management fees on strong net inflows and higher average market levels, predominantly offset by lower NII. And then to complete our lines of business, AWM on Page 8. Revenue of 4.7

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

FEBRUARY 27, 2024

For the year, IIP generated total revenues of $310 million and adjusted funds from operations of $256 million, increases of 12% and 10% over 2022, respectively. operator, capital raising, and mergers and acquisitions activity in 2023, were at their lowest levels since before 2018, the funding environment continues to be challenged right now.

Taxes 100

Taxes Assets Capital Debt 100

The Motley Fool

FEBRUARY 15, 2024

Our servicing activities, including recurring servicing fees and related placement fees, generated Q4 revenues of $121 million, up 18% year over year, offsetting the majority of the decline from investment management fees. We get a fed funds rate cut, the fed funds rate comes down. I said great.

Debt 100

Debt Finance Financing Banks 100

The Motley Fool

JULY 12, 2024

This decline was driven by higher funding costs, including the impact of lower deposit balances and customers migrating to higher-yielding deposit products in our consumer businesses and higher deposit costs in our commercial businesses, as well as lower loan balances. Turning to Slide 4. billion or 9% from a year ago.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

JANUARY 19, 2024

These market price deposits include index and other high beta corporate deposit types that will reprice immediately with fed funds. We remain committed to prudently managing expenses to fund investments in our business. So, when we say index, we're talking about it's tied to fed funds. And just one other one, David.

Banks 130

Banks Leveraging Capital Portfolios 130

The Motley Fool

JANUARY 16, 2025

On the funding side, total deposits grew $35 billion on an ending basis as both interest-bearing and noninterest-bearing grew. Long-term debt fell $14 billion, driven by net redemptions and valuations, and global markets funding declined in line with assets. You've talked about the ability to kind of self-fund balance sheet growth.

Banks 130

Banks Leveraging Capital Accounting 130

The Motley Fool

JULY 12, 2024

billion or 21%, largely driven by higher investment banking revenue and asset management fees. Asset and wealth management reported net income of 1.3 I think -- I guess one way the environment is evolving a little bit is that, as you know, a lot of money has been raised, you know, in private credit funds looking for deals.

Banks 130

Banks Capital Finance Financing 130

The Motley Fool

OCTOBER 30, 2024

We actively monitor the capital markets and will continuously evaluate liability management opportunities to manage our debt and interest expense, as well as opportunities to raise additional financings in the future. Management uses BTC to evaluate capital allocation decisions and to measure the achievement of our strategy.

Leveraging 130

Leveraging Shareholders Debt Capital 130

The Motley Fool

JANUARY 15, 2025

Our disciplined approach to managing expense levels has been consistent and an important part of our success. We increased investments in areas that are important for our future and generated efficiencies to help fund those opportunities. Moving to Slide 5. Average loans were down from both the third quarter and a year ago.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

FEBRUARY 21, 2024

As a reminder, in April of 2021, our company entered into a limited partnership agreement with Pelion Ventures in Draper, Utah, to manage the Medici portfolio. This partnership came with an annual management fee, in addition to upside deal economics, in exchange for them nurturing these companies and building value.

Assets 130

Assets Banks Shareholders Portfolios 130

The Motley Fool

OCTOBER 11, 2024

Asset and wealth management reported net income of $1.4 billion was up 9% year on year, driven by growth and management fees on higher average market levels and strong net inflows, investment valuation gains, compared to losses in the prior year, and higher brokerage activity, partially offset by deposit margin compression.

Banks 130

Banks Capital Assets Mergers and Acquisitions 130