Manager of provident, study & pension funds.
Altshuler Shaham Finance finished 2025 with higher profit, but the uplift came from alternatives and credit rather than from the legacy provident and pension engine, so earnings quality and funding flexibility matter more now than the headline itself.
Altshuler Shaham Finance's alternatives activity now rests on a real base of managed and distributed assets, but 2025 profit was driven in material part by carry, limited-partner profit and fair-value marks, so this is still not an earnings layer that looks like pure recurring f…
The credit surge rests on a multi-layered bank-funding architecture, and the critical link in that structure is the availability of on-call lines and pari passu collateral over servicing rights with Altshuler Gemel.
