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Subscribe to enjoy similar stories. Marcellus Investment Managers Pvt. Ltd's co-founder Pramod Gubbi is said to be helming the firm's foray into India’s ₹81 lakh crore mutual fund industry, according to two people familiar with the matter.

investors, and capital typically recedes from emerging markets as investors scramble for safety.First Global founder Devina Mehra noted that private credit concerns have emerged amid a broader global environment already tilting risk-off. The current stress underscores the inherent risks of investing in illiquid instruments, where exits can become challenging during periods of uncertainty, she said.Since the US-Iran conflict erupted, the benchmark Nifty 50 is down more than 6%.

fintechs to market its mutual fund products.The company's move comes after a muted debut of its first equity scheme, the Jio BlackRock Flexicap Fund.Launched in October 2025, the Jio BlackRock Flexicap Fund's assets under management (AUM) stood at ₹2,613 crore at the end of January, compared with ₹2,808 crore of the Abakkus Flexicap Fund, launched in December 2025."For a name like Jio BlackRock, it should have seen a higher uptick in its flexicap fund. Trying to go purely direct in India, especially for a new AMC, might be difficult," said Srikanth Meenakshi, co-founder of mutual fund research platform Primeinevstor.In a 6 Septemberinterview with Mint, its chief executive, Sid Swaminathan, said people were becoming increasingly comfortable managing their finances digitally on their phones, and its partnership with Jio, which has access to that ecosystem, gave it a clear understanding that this is the direction it wants to pursue.

Subscribe to enjoy similar stories. BlackRock went all in on Wall Street’s booming business of private lending last July when it acquired HPS Investment Partners, a firm founded by alumni of Goldman Sachs that was one of the stars of the sector. Days after the deal closed, an analyst at HPS’s Midtown Manhattan headquarters spotted a big problem.

Subscribe to enjoy similar stories. JPMorgan Chase is joining the list of traditional financial firms seeking to bring blockchain technology to an investing staple: the money-market fund. The banking giant’s $4 trillion asset-management arm is rolling out its first tokenized money-market fund on the Ethereum blockchain.

Subscribe to enjoy similar stories. In this season’s race for top brains at the Indian Institutes of Technology (IITs), artificial intelligence (AI) startups—both domestic and Silicon Valley-based—are pulling away from traditional recruiters, offering far higher compensation packages, plus bonuses and employee stock ownership plans (ESOPs).

BlackRock Inc., the world’s largest asset manager, is launching a Bitcoin exchanged-traded product in Europe, following the success of its $48 billion US fund tracking the cryptocurrency. The iShares Bitcoin ETP will list on Xetra and Euronext Paris under the ticker IB1T and on Euronext Amsterdam under BTCN on Tuesday, the company said in a statement. The product will debut with a temporary fee waiver of 10 basis points — reducing its expense ratio to 0.15% until the end of the year.

Sean Parnell, chief Pentagon spokesman, said Friday that Hegseth will participate in the 2025 Central American Security Conference. He said Hegseth will take part in meetings that «will drive ongoing efforts to strengthen our partnerships with Panama and other Central American nations toward our shared vision for a peaceful and secure Western Hemisphere.» He did not mention the canal, which was built by the US in the early 1900s as it looked for ways to facilitate the transit of commercial and military vessels between its coasts. Washington turned control over to Panama on Dec. 31, 1999, under a treaty signed in 1977 by President Jimmy Carter. Trump has claimed that Carter «foolishly» gave the canal away. After Trump's threats, a Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control. The deal will give the U.S. investment management company BlackRock Inc. control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the Panama Canal. Other ports are in Mexico, the Netherlands, Egypt, Australia, Pakistan and elsewhere.

In the letter, the co-founder addressed the changing and ever demanding state of global markets and economics up top, stating that from virtually «every client, nearly every leader – nearly every person – I talk to, they are more anxious about the economy than any time in recent memory». The Big Question: How are you managing concentration risk? His words come just days before US President Donald Trump is set to enact a swathe of currently unknown tariffs, adding to the long list he has already brought out against his country's major trading rivals and allies. Th policies have swep...

From America's largest bank to its biggest asset manager, Wall Street investment strategies once reserved for private banking clients are increasingly being offered to Main Street investors.

Fidelity Investments and Charles Schwab are prohibiting clients from investing in money-market ETFs on their trading platforms, an unusual move for the financial powerhouses who typically permit easy access to funds that already trade on an exchange. The two firms are blocking purchases of three exchange-traded funds offered by BlackRock and Texas Capital, the first to track money-market securities such as Treasury bills and other government-backed debt in an ETF structure. The new funds serve as a direct challenge to mutual-fund providers, who have long been big, established players in money-market products. Fidelity and Schwab alone manage trillions of dollars in money-market assets, and this month, Schwab filed plans to launch its own government money-market ETF.

debt markets last week to raise up to $1.25 billion between them through US dollar bonds as global investors seek exposure to India's growth. Renewable energy firm Greenko Energy Holdings raised around $1 billion from investors, while Muthoot Finance raised $250 million. Greenko's bond was priced at 7.25%, tighter than the initial 7.62% target. The bond, issued under a dual Reg S and Reg S 144A structure, is backed by Greenko Wind Projects (Mauritius) and drew over $3 billion in investor interest. However, the company opted to retain $1 billion, according to two sources.

Microsoft Corp., the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc., which has an executive on the artificial intelligence startup’s board, are joining forces with one of its chief rivals. Abu Dhabi’s MGX, Microsoft and BlackRock said Elon Musk’s xAI is joining their effort to build $30 billion worth of data centers and other artificial intelligence infrastructure. The AI chipmaker Nvidia Corp., which was already named as a technical adviser to the group when it was announced last year, is also formally joining, according to a statement on Wednesday that didn’t detail member commitments.

Subscribe to enjoy similar stories. Whether John Maynard Keynes said, “When the facts change, I change my mind" is often disputed, but the witticism has never seemed more apt. German chancellor-to-be Friedrich Merz, long a fiscal hawk as the leader of Germany’s centre-right Christian Democratic Union (CDU), recently made an about-turn on the virtues of higher deficit spending after being briefed on the country’s dwindling growth prospects and witnessing geopolitical gyrations in the US, which seems keen to patch up with Russia, potentially leaving its European allies in the lurch.

Ben Powell, Chief Middle East and APAC Investment Strategist, BlackRock Investment Institute, says we at BlackRock are still very much on board with the India bull story, while being respectful of the short-term sell-off which clearly has fed on itself. India is on a journey to exist as a standalone investment destination and that is going to become more and more the case in the quarters and years ahead. We have discussed the US. We have discussed China. Where is India? Did I miss it? Ben Powell: India is doing very well. I am here in the UAE. We had a huge cricket event over the weekend. India was triumphant. India, I still think is in this temporarily tricky spot of risk slightly feeding on itself. You have had a market which perhaps got a little bit ahead of itself several months ago and that was ripe, it turns out, for a little bit of a downdraft and that is now feeding on itself to some degree.

President Donald Trump is drafting an executive order that would also establish a Maritime Security Trust Fund as a dedicated funding source and create shipbuilding incentives through the use of tax credits, grants and loans, according to a draft fact sheet of the 18-point plan. «The White House is standing up an office at the National Security Council to lead a whole-of-government effort to strengthen the maritime industrial base,» the document said, following Trump's announcement of the plans during an address to Congress on Tuesday.

Jose Raul Mulino said on Wednesday morning that U.S. President Donald Trump was lying when he said that the North American leader's administration was «reclaiming» the Panama Canal. Trump's comments to Congress came after a deal led by U.S.

Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet. Under pressure from the Trump administration over two ports at the Panama canal controlled by CK Hutchison Holdings Ltd., Li’s company announced a plan to sell off the bulk of its global ports business to a consortium led by BlackRock Inc. In return, the Hong Kong firm will receive cash proceeds of more than $19 billion. Investors, and even some of CK Hutchison’s closest advisers, were surprised that what began with two Panamanian ports has now evolved into a much larger deal. Under the agreement, the company will sell 43 ports in 23 countries, while keeping facilities in mainland China and Hong Kong.

Subscribe to enjoy similar stories. BlackRock is the world’s largest asset manager. When BlackRock joined a U.N.-sponsored climate coalition in March 2021, sustainability groups were thrilled.

Subscribe to enjoy similar stories. Bitcoin and gold actually have a lot in common. They both straddle the line between assets and currencies.

In a stock exchange notice today (28 February), the board said it aims to adopt a systematic active equity strategy at its next general meeting, scheduled for 16 April. On the same day, shareholders will be asked to vote on the continuation of the trust as well. BlackRock leverages ELTIF 2.0 framework to increase private markets access for European clients The revamp of its investment objective and policy, subject to the continuation of the vehicle, will comprise combining big data, artificial intelligence and human expertise in a bid to «unlock new ways to seek consistent portfoli...