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Insurer AIG's quarterly profit surges on steep fall in catastrophe losses

Insurer AIG's quarterly profit surges on steep fall in catastrophe losses

April 30 (Reuters) - Insurer AIG posted a sharp rise in quarterly adjusted profit on Thursday, driven by strong underwriting and a steep decline in catastrophe-related losses from a year earlier when the industry was hit by claims from the Los Angeles wildfires.

Ares Management posts record $30 billion fundraising in first quarter

Ares Management posts record $30 billion fundraising in first quarter

May 1 (Reuters) - Ares Management, one of the biggest names in private credit, reported record first-quarter fundraising of about $30 billion on Friday, a sign that investor appetite for the asset class continues to remain strong.

Blue Owl's profit beats on higher fee-related earnings, AUM reaches $315 billion

Blue Owl's profit beats on higher fee-related earnings, AUM reaches $315 billion

By Isla Binnie and Manya Saini April 30 (Reuters) - Alternative asset manager Blue Owl beat Wall Street estimates for first-quarter profit on Thursday, driven by higher fee-related earnings and growth in assets under management.

Gallagher's profit jumps on AssuredPartners buy, commissions and fees growth

Gallagher's profit jumps on AssuredPartners buy, commissions and fees growth

April 30 (Reuters) - Arthur J. Gallagher reported a jump in first-quarter profit on Thursday, as the insurance broker benefited from the acquisition of rival AssuredPartners and growth in commissions and fees.

Blue Owl Shares Surge Following Significant Gains from SpaceX Investment

Blue Owl Shares Surge Following Significant Gains from SpaceX Investment

Blue Owl Shares Surge Following Significant Gains from SpaceX Investment

Mattel raises annual profit forecast on steady toy demand, entertainment push

Mattel raises annual profit forecast on steady toy demand, entertainment push

April 29 (Reuters) - Mattel raised its annual profit forecast and beat analysts' estimates for quarterly sales on Wednesday, benefiting from resilient demand for toys and growth in its entertainment business.

Visa shares climb as profit beat, raised forecast ease Middle East jitters

Visa shares climb as profit beat, raised forecast ease Middle East jitters

By Pritam Biswas April 29 (Reuters) - Visa shares jumped 5% in premarket trading on Wednesday after the payments-processing company beat estimates for second-quarter profit and lifted expectations for full-year earnings, as consumer spending remained strong.

Visa quarterly profit rises on resilient consumer spending

Visa quarterly profit rises on resilient consumer spending

By Pritam Biswas and Rishab Shaju April 28 (Reuters) - Visa reported a higher second-quarter profit on Tuesday as the world's largest payment processor benefited from a steady rise in payment volumes despite ongoing macroeconomic uncertainty, sending its shares up about 4% in extended trading.

Robinhood shares fall as crypto slump dents trading volume growth

Robinhood shares fall as crypto slump dents trading volume growth

By Manya Saini and Arasu Kannagi Basil April 29 (Reuters) - Robinhood's shares plunged 10% before the bell on Wednesday, as crypto-driven market volatility dampened its first-quarter trading volume growth, leading the trading platform to miss estimates for profit and revenue.

Fintech SoFi's profit doubles on record loan, member growth

Fintech SoFi's profit doubles on record loan, member growth

By Manya Saini April 29 (Reuters) - SoFi Technologies on Wednesday posted a first-quarter profit that had doubled as the fintech lender's loan originations and member growth reached record highs.

Bill Ackman's Pershing Square raises $5 billion for new US fund

Bill Ackman's Pershing Square raises $5 billion for new US fund

April 28 (Reuters) - Bill Ackman's Pershing Square has raised $5 billion for its new closed-end ‌fund that is part of a combined U.S. initial public offering of the alternative asset management company, the firm said on Tuesday.

Ackman's Pershing Square, new fund set to list in hotly anticipated debut

Ackman's Pershing Square, new fund set to list in hotly anticipated debut

By Utkarsh Shetti April 29 (Reuters) - Bill Ackman's Pershing Square and his closed-end fund are set to list on the New York Stock Exchange on Wednesday, in a much-anticipated debut that will give investors exposure to the billionaire activist's storied hedge fund.