Private Equity Faces Profit Timing Gap
Bloomberg's Allison McNeely discusses Carlyle Group's recent earnings miss, highlighting a roughly 1% stock decline despite strong asset sales and realizations. McNeely notes similar commentary from KKR executives, who also reported earnings and indicated improving asset sale pipelines. Additionally, BlackRock has continued to mark down legacy private debt funds, such as TCP, signaling potential for further markdowns in the private credit space. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Related in NYS:BLK
BlackRock Readies Launch of Two Tokenized Money-Market Funds
BlackRock Inc. is planning to launch two money-market funds built for investors who hold their cash in stablecoins, not bank accounts, a sign the world’s largest asset manager sees a durable customer base in the digital-dollar economy.
BlackRock's Rieder Says Equities Aren't in a Bubble, Fed on Hold
Rick Rieder, BlackRock's CIO of global fixed income, says US equities are not in a bubble because of capital expenditures and earnings growth on "Bloomberg Open Interest." (Source: Bloomberg)
US Jobs Data ‘Steady as It Goes,’ Says BlackRock’s Rosenberg
Jeffrey Rosenberg, portfolio manager of the Systemic Multi-Strategy Fund at BlackRock, reacts to the April US jobs report as he sees a trade-off in the data between a strong headline number and weakness in income. (Source: Bloomberg)