"The top 20 asset managers now control $66 trillion — 47% of the top 500 firms’ total AUM... BlackRock, the largest asset manager in the world, controlled $11.5 trillion in assets as of Dec. 31 — more than 8% of the total for the top 500 managers and up 13% from the end of 2023."
Largest managers’ assets jump 9.4% in 2024, with alts managers showing fastest growth
Assets under management for the 500 largest money managers in the world rose 9.4% in 2024 to $139.9 trillion, with the top 20 firms taking an even bigger slice of that total, according to the latest r...
www.pionline.com
November 11, 2025 at 11:37 AM
"The top 20 asset managers now control $66 trillion — 47% of the top 500 firms’ total AUM... BlackRock, the largest asset manager in the world, controlled $11.5 trillion in assets as of Dec. 31 — more than 8% of the total for the top 500 managers and up 13% from the end of 2023."
“Israel’s parliament has backed a controversial bill that seeks to impose a mandatory death sentence on Palestinians who kill Jewish Israelis for nationalist reasons, but not on Jewish Israelis who kill Palestinians.”
Israeli parliament backs death sentences bill targeting Palestinians
Bill passed by 39 votes to 16 but must clear two more parliamentary votes to become law
on.ft.com
November 11, 2025 at 11:03 AM
“Israel’s parliament has backed a controversial bill that seeks to impose a mandatory death sentence on Palestinians who kill Jewish Israelis for nationalist reasons, but not on Jewish Israelis who kill Palestinians.”
Reposted by Jim Kane
How to make sense of China’s rise? For Phenomenal World I wrote something on its changing role in global finance.
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
November 10, 2025 at 8:05 AM
How to make sense of China’s rise? For Phenomenal World I wrote something on its changing role in global finance.
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed.
www.phenomenalworld.org/analysis/a-s...
"... expands the list to include... educational institution, a nonprofit organization, an agency, a local governmental entity or unit thereof, or a foreign govt, including any of its public investment funds, public pension funds, sovereign wealth funds, or other govt-sponsored investment funds.”
Florida State Board adds 72 universities, countries, U.S. cities to expanded Israel boycott list
Florida State Board of Administration adds 72 universities, countries, U.S. cities to expanded Israel boycott list.
www.pionline.com
November 10, 2025 at 3:13 PM
"... expands the list to include... educational institution, a nonprofit organization, an agency, a local governmental entity or unit thereof, or a foreign govt, including any of its public investment funds, public pension funds, sovereign wealth funds, or other govt-sponsored investment funds.”
Reposted by Jim Kane
Chuck Schumer Helps Pull Democrats Back From Brink Of Courage
November 10, 2025 at 5:02 AM
Chuck Schumer Helps Pull Democrats Back From Brink Of Courage
Adding funds with exit queue's to 401(k) options will be fun...
"However, for some time—no one at Indian River Shores is sure for how long—the Intercontinental fund has been “gated,” restricting redemptions to small amounts..."
"However, for some time—no one at Indian River Shores is sure for how long—the Intercontinental fund has been “gated,” restricting redemptions to small amounts..."
This Small-Town Pension Fund Has a Warning for Millions of Retirement Savers
If you think cashing out of a private fund is easy, just ask a guy who used to manage $750 billion.
www.wsj.com
November 9, 2025 at 7:31 PM
Adding funds with exit queue's to 401(k) options will be fun...
"However, for some time—no one at Indian River Shores is sure for how long—the Intercontinental fund has been “gated,” restricting redemptions to small amounts..."
"However, for some time—no one at Indian River Shores is sure for how long—the Intercontinental fund has been “gated,” restricting redemptions to small amounts..."
Reposted by Jim Kane
This is what deindustrialization in a carbon shock therapy setting looks like. If the state doesn’t do the planning and redistribute any remaining surpluses downward, private equity will do the planning and redistribute any remaining surpluses upward (and out of country).
on.ft.com/3WNWnA9
on.ft.com/3WNWnA9
November 9, 2025 at 11:36 AM
This is what deindustrialization in a carbon shock therapy setting looks like. If the state doesn’t do the planning and redistribute any remaining surpluses downward, private equity will do the planning and redistribute any remaining surpluses upward (and out of country).
on.ft.com/3WNWnA9
on.ft.com/3WNWnA9
You'll never guess who was boosting this garbage.
November 8, 2025 at 8:55 PM
You'll never guess who was boosting this garbage.
Reposted by Jim Kane
What the fuck
November 7, 2025 at 5:16 PM
What the fuck
Reposted by Jim Kane
No compact! No tyrants! Hands off higher ed!
November 7, 2025 at 4:26 PM
No compact! No tyrants! Hands off higher ed!
Reposted by Jim Kane
If guaranteeing essentials sounds radical, it speaks to how far we have drifted from democracy‘s core promises. Markets will not beat back the far right. An antifascist economics might. Mamdani provides a playbook for democrats around the world.
My latest
My latest
Zohran Mamdani shows how Democrats can defeat authoritarians like Trump | Isabella Weber
Democrats have two choices: fight to make life affordable again for ordinary people or watch voters embrace authoritarians
www.theguardian.com
November 7, 2025 at 1:02 PM
If guaranteeing essentials sounds radical, it speaks to how far we have drifted from democracy‘s core promises. Markets will not beat back the far right. An antifascist economics might. Mamdani provides a playbook for democrats around the world.
My latest
My latest
November 7, 2025 at 1:21 PM
Reposted by Jim Kane
An excerpt of my @pennpress.bsky.social book -- on school bonds in Levittown -- was just published in FINANCIAL HISTORY MAGAZINE. 🤑
Freely available here: fhmagazine.org/tRDd/p18/p18.
Freely available here: fhmagazine.org/tRDd/p18/p18.
November 6, 2025 at 1:53 PM
An excerpt of my @pennpress.bsky.social book -- on school bonds in Levittown -- was just published in FINANCIAL HISTORY MAGAZINE. 🤑
Freely available here: fhmagazine.org/tRDd/p18/p18.
Freely available here: fhmagazine.org/tRDd/p18/p18.
Reposted by Jim Kane
Global HQs of the 4 largest raters of corporations
November 6, 2025 at 6:21 PM
Global HQs of the 4 largest raters of corporations
Here's a staffer from a UK pension fund suggesting that the PE push into retail/defined contribution plans is already allowing them to offload funds easier... (1/3)
"The U.S. interest has given Railpen, which manages about £34 billion of assets for the Railways Pension Scheme, London...
"The U.S. interest has given Railpen, which manages about £34 billion of assets for the Railways Pension Scheme, London...
Investor interest in private markets grows, but education needed, WPS panelists say
Interest in private markets is growing, but experts said the subject isn’t black and white and investor education will be crucial.
www.pionline.com
November 6, 2025 at 5:08 PM
Here's a staffer from a UK pension fund suggesting that the PE push into retail/defined contribution plans is already allowing them to offload funds easier... (1/3)
"The U.S. interest has given Railpen, which manages about £34 billion of assets for the Railways Pension Scheme, London...
"The U.S. interest has given Railpen, which manages about £34 billion of assets for the Railways Pension Scheme, London...
Another day, another insurer gobbled-up by the private credit machine.
🎁🔗
🎁🔗
Life insurer Brighthouse agrees to $4.1bn takeover by Aquarian
Acquisition extends private equity’s reshaping of US insurance sector by likes of Apollo and KKR
on.ft.com
November 6, 2025 at 1:24 PM
Another day, another insurer gobbled-up by the private credit machine.
🎁🔗
🎁🔗
Reposted by Jim Kane
Friar is right, she was calling for derisking state not for backstops - an important nuance that should be considered together with Jensen Huang claiming China ‘will win’ AI race with US at the same time.
Capital wants Trump to activate subsidies, invoking China card that worked so well w Biden.
Capital wants Trump to activate subsidies, invoking China card that worked so well w Biden.
They’re calling it “the most well-taken comment in history”
November 6, 2025 at 9:27 AM
Friar is right, she was calling for derisking state not for backstops - an important nuance that should be considered together with Jensen Huang claiming China ‘will win’ AI race with US at the same time.
Capital wants Trump to activate subsidies, invoking China card that worked so well w Biden.
Capital wants Trump to activate subsidies, invoking China card that worked so well w Biden.
Reposted by Jim Kane
this great article by @debtcollective.bsky.social lays out really clearly what's been on my mind all day: everybody better get real familiar with municipal finance real quick
www.inthered.org/p/zohran-won...
www.inthered.org/p/zohran-won...
Zohran Won Main Street—Now He Must Face Wall Street
Mamdani will face a looming threat to his progressive agenda: debt
www.inthered.org
November 5, 2025 at 11:24 PM
this great article by @debtcollective.bsky.social lays out really clearly what's been on my mind all day: everybody better get real familiar with municipal finance real quick
www.inthered.org/p/zohran-won...
www.inthered.org/p/zohran-won...
Reposted by Jim Kane
Totally excited to be teaching parts of Amy Offner's Sorting Out the Mixed Economy this week! An absolutely brilliant book that is not remotely appreciated as much as it should be. 1/
November 5, 2025 at 4:30 PM
Totally excited to be teaching parts of Amy Offner's Sorting Out the Mixed Economy this week! An absolutely brilliant book that is not remotely appreciated as much as it should be. 1/
Reposted by Jim Kane
New paper about institutional investors, maintenance of asset values, social struggles and rental housing in Sweden:
MAINTAINING RENTAL HOUSING AS AN ASSET: Exploring Institutional Investors in Sweden’s Rental Market
Institutional investors have asserted significant power over rental markets across the transatlantic. However, their stronghold has been contested after rising interest rates in 2022. In this article...
onlinelibrary.wiley.com
November 5, 2025 at 9:15 AM
New paper about institutional investors, maintenance of asset values, social struggles and rental housing in Sweden:
Reposted by Jim Kane
Hey Ben, these estimates are slightly misleading since the vast majority of shutdown costs are typically recouped after reopening. The nonpartisan CBO's most recent analysis suggests the lasting costs will be between $7 bn and $14 bn *total*, not per week (see linked).
www.cbo.gov
November 5, 2025 at 11:56 AM
Hey Ben, these estimates are slightly misleading since the vast majority of shutdown costs are typically recouped after reopening. The nonpartisan CBO's most recent analysis suggests the lasting costs will be between $7 bn and $14 bn *total*, not per week (see linked).
Reposted by Jim Kane
"Every week that passes costs the economy anywhere from $10 billion to $30 billion, based on analysts’ estimates, with several landing in the $15 billion range."
Unfathomable.
www.bloomberg.com/news/feature...
Unfathomable.
www.bloomberg.com/news/feature...
November 5, 2025 at 10:56 AM
"Every week that passes costs the economy anywhere from $10 billion to $30 billion, based on analysts’ estimates, with several landing in the $15 billion range."
Unfathomable.
www.bloomberg.com/news/feature...
Unfathomable.
www.bloomberg.com/news/feature...
Reposted by Jim Kane
Norway suspends $2.1tn oil fund’s ethics rules to avoid selling Big Tech stakes on.ft.com/4nGcKK5
Norway suspends $2.1tn oil fund’s ethics rules to avoid selling Big Tech stakes
Jens Stoltenberg says move will avoid forced sale of shares in Amazon, Microsoft and Alphabet over their work for Israel
on.ft.com
November 4, 2025 at 9:13 PM
Norway suspends $2.1tn oil fund’s ethics rules to avoid selling Big Tech stakes on.ft.com/4nGcKK5