The Motley Fool

JULY 14, 2023

Our as-adjusted tax rate for the second quarter was approximately 25%. We continue to estimate that 25% is a reasonable projected tax run rate for the remainder of 2023. The actual effective tax rate may differ because of nonrecurring or discrete items, or potential changes in tax legislation.

Asset Management 130

Asset Management Assets Banks Debt 130

Fortune Financial

MARCH 5, 2024

This means staying informed about plan performance, fees and compliance requirements. These tax credits and deductions are not just about immediate savings; they’re about investing in the future financial stability of your business and your employees. The biggest difference between the two is how they are taxed.

Taxes 52

Taxes Leveraging Financial Institutions Performance Fees 52

The Motley Fool

JULY 31, 2024

The scope to business, which we have owned since November of last year is seeing excellent performance in credit, real estate, and in the multi-strat fund. We closed on our previously announced investment in our Sculptor CLO business, a captive CLO equity fund. They also had a new investment in the real estate credit fund.

Capital 130

Capital Amortization Shareholders Finance 130

Pension Pulse

MARCH 19, 2024

Redwood stands to earn administrative and potential performance fees. Redwood will earn ongoing fees to oversee the administration of the Joint Venture and is entitled to earn additional performance fees upon realization of specified return hurdles. At December 31, 2023, the Fund totalled C$590.8

Investing 59

Investing Performance Fees Finance Financing 59

Pension Pulse

MAY 22, 2024

Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 The Fund returned a 10-year annualized net return of 9.2%. billion in net income and $15.9

Investing 59

Investing Pension Funds Stakes Assets 59

The Motley Fool

JULY 28, 2023

I know you had highlighted difficult comp on performance fees in the quarter. The second question, I know you typically don't disclose expected tax rates. And unless you want to change the approach now, I'm just hoping you could let us know, given OECD minimum tax reform, internally, are you expecting the tax rate to go up?

Capital 100

Capital Business Services Debt Liabilities 100

Pension Pulse

MAY 24, 2023

per cent for the fiscal year ended March 31, ending the year with net fund assets of $570 billion compared to $539 billion a year earlier. The CPP fund has a 10-year net return of 10 per cent. Since its inception in 1999, CPPIB has contributed $386 billion in cumulative net income to the fund. per cent return; it earned 6.8

Investing 52

Investing Stakes Pension Funds Assets 52

The Big Picture

OCTOBER 17, 2023

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. And when they’re not generating alpha, when they’re underperforming, they actually return fees. 00:24:31 [Speaker Changed] We refund the fee.

Investing 52

Investing Capital Shareholders Returns 52

The Big Picture

MARCH 27, 2023

She is an author and former hedge fund trader, specializing in distressed assets. Her book, “Damsel in Distressed: My Life in the Golden Age of Hedge Funds”, is really a fascinating read. It’s very witty and charming, and revealing about an industry in a way that most books on hedge funds simply are not.

Hedge Funds 114

Hedge Funds Funds Assets Finance 114

The Motley Fool

APRIL 12, 2024

In the first quarter, BlackRock generated long-term net inflows of $76 billion, partially offset by seasonal outflows from institutional money market funds. Total annualized organic base fee growth of 1% reflected seasonally softer flows earlier in the quarter before coming back to target in March. First quarter revenue of $4.7

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 130

The Motley Fool

JANUARY 12, 2024

Growing public deficits, a modernizing digital world, advancing energy independence, and the energy transition are driving the mobilization of private capital to fund critical infrastructure. In a higher rate environment, the ability to drive operational enhancements will be critical to investment performance. Operating income of 6.6

Assets 130

Assets Shareholders Asset Management Capital 130

The Big Picture

FEBRUARY 28, 2023

We had a group that was doing small growth capital investments in Germany and Switzerland at that time, a fund doing secondaries. I was talking to one of our founders, he said, look, a lot of people think we’re in Zug for tax reasons. RITHOLTZ: So let’s talk a little bit about some of your closed-end funds.

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 59

The Motley Fool

FEBRUARY 4, 2025

These deals helped us strengthen our free cash flow and enable us to self-fund our transformation. We're building new routes funded by our customers, often multi-tenant, with great economics. billion, and cash taxes to be $100 million to $200 million in 2025, given a prepayment in 2024. billion to $1.3

Debt 130

Debt Assets Leveraging Shareholders 130

The Motley Fool

JULY 15, 2024

We continue to execute on a strong set of large opportunities that are contracted near-funding or in late-stage contracting. billion was 8% higher year over year, driven by positive organic base fee growth and the impact of market movements on average AUM over the last 12 months. Second-quarter revenue of 4.8 Operating income of 1.9

Assets 130

Assets Liabilities Leveraging Asset Management 130

The Motley Fool

JANUARY 15, 2025

billion was 23% higher year over year, driven by the impact of higher markets on average AUM and higher performance fees. EPS also reflected a lower tax rate partially offset by lower nonoperating income and a higher share count in the current quarter. Fourth-quarter base fees and securities lending revenue of 4.4

Assets 130

Assets Shareholders Capital Asset Management 130

The Motley Fool

JANUARY 15, 2025

billion, with pre-tax margin of 35%. billion was up 13% year on year, predominantly driven by growth in management fees on higher average market levels and strong net inflows, as well as higher performance fees. Then to complete our lines of business, asset and wealth management on Page 7. AWM reported net income of 1.5

Banks 243

Banks Investment Banks Investment Banking Capital 243

The Motley Fool

OCTOBER 29, 2024

We have funded our growth with our operating businesses, balance sheet, and a little bit of high-yield debt. Performance is extremely good across all of our verticals, including real estate, credit and its multi-strat fund. Our origination business continued to perform well this quarter with $15.9 Good morning.

Capital 130

Capital Asset Management Assets Performance Fees 130

Private Equity Wire

JUNE 14, 2024

The world’s largest private capital firms have sidestepped income taxes on more than $1tn in incentive fees since 2000 by structuring payments to incur lower levies, according to a report by the Financial Times citing new research from Oxford University.

Taxes 74

Taxes Capital Buyout Performance Fees 74

The Motley Fool

JULY 18, 2024

Also note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blackstone fund. We are well positioned to address the massive funding needs for infrastructure projects globally, including digital and energy infrastructure. Moving to investment performance.

Assets 130

Assets Finance Financing Management Fees 130