Asset Management

Asset management firms are rapidly adopting generative and agentic AI to optimize operations and enhance investment decision-making. Franklin Templeton’s partnership with Wand AI exemplifies this trend, deploying agentic AI across its operations to accelerate data-driven insights. Goldman Sachs is also implementing AI at scale, with CEO David Solomon highlighting its economic potential. Both firms emphasize the importance of responsible AI management and workforce adaptation, reflecting a broader industry shift towards AI-driven productivity and innovation.

Artisan Partners (APAM) will acquire Grandview Property Partners, expanding into private real estate. The deal, expected to close Q1 2026, allows Artisan to diversify its $182.6B asset base and create new growth avenues. Grandview’s experienced team and strong returns in middle-market properties were key factors. Artisan expects the acquisition to be mildly accretive to EPS after Grandview’s next fund closing.

Apollo (NYSE: APO) has appointed Yasuo Kashiwagi as Head of Japan to bolster its presence in the Japanese market. Kashiwagi, with over 30 years of financial leadership experience, will oversee Apollo’s integrated strategy and local partnerships. This move underscores Apollo’s commitment to the region, where it currently manages approximately $20 billion in assets. The firm aims to capitalize on growing demand for private capital and retirement solutions in Japan, leveraging its expertise and Kashiwagi’s deep local connections.

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (XALCX) will liquidate and terminate operations around August 29, 2025, its sixth anniversary. The Board of Directors approved the decision, aligning with the Fund’s Charter. Final NAV calculation will occur on the termination date, with distributions expected the week of September 2, 2025. BNY Mellon Investment Adviser, part of BNY Investments (managing $2.1T in assets), oversees the fund’s strategy. BNY, founded in 1784 with $55.8T in assets under custody/administration, trades on the NYSE as BK.