asset management
- Finance
Are nontraded funds really the best place to invest?
Congratulations. You’ve worked hard and made some money, and now you have access to a new class of investments. But when the…
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There are 50 million people in modern slavery – the City ‘can and should do more’
The City must step up to tackle modern slavery, according to leading campaigners, amid warnings the UK government is failing to prevent a…
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Pension fund heavyweights plan private markets boost to beat stagflation
Heavyweight pension funds plan to ramp up their exposure to private markets, global equities and thematic investments, as major players seek…
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Jupiter agrees performance fee cut on Chrysalis trust after managers’ payouts slammed
Performance fees charged by the well-known Chrysalis investment trust have been slashed after its managers came under criticism last year for the size…
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BlackRock’s Europe boss: We’re exploring digital assets in Emea
BlackRock, the world’s largest asset manager, has started to assess how the plumbing underpinning the crypto market can be applied…
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Meet the 21 Goldman Sachs partners to make the cut in Europe
Goldman Sachs has named its largest partner class for eight years and its most diverse ever as the US banking…
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Asset managers face divided regulation over ESG investing
The political divide over the role that environmental, social and governance factors should play in state pension investments stands to…
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UK fund manager profit squeeze set to shrink bonuses by 20%
Some of the UK and Europe’s largest fund management houses have seen assets under management shrink this year as volatile…
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Abrdn set for FTSE 100 return following share price rally
Abrdn, the Edinburgh-headquartered asset manager, is set to return to the UK’s premier listing of UK companies following a more…
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Pensions for Purpose’s Charlotte O’Leary: Can white, male, over-50 trustees represent a fund’s youngest members?
Charlotte O’Leary was fed up — she’d spent over a decade at large asset management firms and investment consultants. She was…
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Morgan Stanley plans to reduce one gigaton in carbon-dioxide emissions by 2050
Morgan Stanley has formed a new growth-capital strategy that aims to invest $1bn to back companies that will seek to…
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Abrdn, Amundi, Aviva Investors: FTX collapse a ‘major setback’ for crypto uptake
Heavyweight fund groups including Abrdn and Aviva Investors said other big name investors that have steered clear of cryptocurrencies will be extra…
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Trading Places: Evercore and BNP bulk up, Rokos bags ex-Brevan Howard manager
Evercore hired Richard Hoyle from Lazard, where he headed the independent investment bank’s UK technology, media and telecoms business. He joins as…
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Asset managers urged to tap retail, private markets amid expectations of global growth slowdown for years
Growth across the global asset management industry is forecast to slow significantly over the next decade, with fund houses advised…
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Fund managers yank Ethereum holdings over regulatory jitters
Fund managers have been dumping digital currency ether from their holdings amid worries that heightened regulatory scrutiny may blunt the digital currency’s expansion.…
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The Fintech Files: Crypto funds dumped Ethereum after the Merge – here’s why
The Ethereum Merge might be complete, but it’s not caused investors to pile into the asset as much as some…
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Ninety One sustainability boss: Divesting from oil and coal doesn’t work
Divesting from heavy polluting companies may look good on paper and appease ESG-diehards, but has minimal impact on reducing emissions and…
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Ex-Brevan Howard portfolio manager Luke Sadrian joins Rokos as partner
Rokos Capital Management hired former Brevan Howard portfolio manager Luke Sadrian as an investment officer and partner as part of a commodities…
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Ex-BlackRock executive says ESG investment model is broken
Terrence Keeley had been at BlackRock for about a decade when he reached a contrarian conclusion: ESG doesn’t work. Keeley spent much…
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Columbia Threadneedle freezes UK property fund as cash balance dwindles
Columbia Threadneedle has frozen trading in one of its retail UK property funds after a depletion in the amount of…
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BoE ‘will need to extend’ gilt support, says ex-pensions minister
Former Conservative pensions minister Baroness Ros Altmann says it is “highly likely” the Bank of England will need to continue…
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Redington’s Dawid Konotey-Ahulu: ‘People took a chance on me when I wasn’t the obvious choice’
Dawid Konotey-Ahulu co-founded investment consultancy Redington in 2006, having left Merrill Lynch where he was part of a team that implemented the first…
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L&G, Abrdn reassure over property funds after Columbia Threadneedle suspension
Asset managers have moved to reassure property fund investors they have no imminent plans to suspend dealing, following Columbia Threadneedle’s…
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BlackRock reports 16% profit drop amid souring market
A souring market weighed on investing giant BlackRock in the third quarter, pushing profit down 16%. The world’s largest asset…
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FCA crackdown on greenwashing: ‘A matter of when, not if’
A Financial Conduct Authority crackdown on greenwashing among UK asset managers is “a matter of when, not if,” a partner…
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Coinshares, Metaco bosses brace for 18 months of crypto ‘suffering’
Hopes that the crypto winter will soon thaw are looking increasingly remote, chief executives tell Financial News, as many prepare for…
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Crispin Odey soft closes flagship hedge fund after major pound and coal wins
Crispin Odey has closed his flagship European hedge fund to new investments after scoring big wins from shorting the pound in the…
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Fund managers, bankers and brokers will see up to 40% pay cut, Wall Street compensation experts warn
Wall Street compensation consulting firm Johnson Associates is flashing a caution signal to fund managers, bankers and brokers not to…
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Hargreaves Lansdown chief Chris Hill to step down
Hargreaves Lansdown has announced that chief executive Chris Hill will retire from the company after six years at the helm.…
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The Fintech Files: FTX fallout, MPs make Binance squirm, and crypto sector full of ‘f****** sociopaths’
It’s been seven days since Sam Bankman-Fried said: “FTX is fine. Assets are fine.” Many things remain unclear, but one thing…
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The 13 private capital leaders who made FN’s most influential women list
Twelve of the 100 most influential women in finance work in private capital, according to Financial News‘ annual rundown of the women shaping the…
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The Fintech Files: Institutional money will ‘drag us’ out of crypto winter, FCA goes on a hiring spree
Highlights from London’s Digital Asset Summit on 17 October included David Mercer, the chief executive of LMAX, talking about the…
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Berkshire Hathaway bets billions more on energy companies in bullish third quarter
The stock market has had a rough year. That has made it irresistible to Warren Buffett ‘s Berkshire Hathaway. Berkshire spent…
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Former Microsoft boss bets $400m on Black private equity managers
Steve Ballmer has made a big bet on Black private fund managers, aiming to back top-flight investment talent while helping…
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Fund industry weighs up ESG under Rishi Sunak: ‘It’s clear he has a cost-cutting agenda’
Asset managers are expecting Prime Minister Rishi Sunak to rise above the low bar set by his short-lived predecessor Liz…
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FCA targets asset managers as ESG funds review kicks off
The Financial Conduct Authority is probing how asset managers have implemented the regulator’s ESG principles — a move that could eventually lead to…
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Jupiter CEO says institutional push paying off as outflows slow to £600m
Jupiter Fund Management’s new chief executive said the firm’s strategy of targeting institutional clients has started to pay off, as…
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FCA labelling on ESG threatens to show up EU framework
The Financial Conduct Authority’s incoming ESG rules, which include green labels for UK funds, risk outshining the European Union’s sustainable disclosure…
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Meet the BlackRock team that heads of state turn to in a crisis
BlackRock chief executive Larry Fink spoke last month with Ukrainian President Volodymyr Zelensky, extending an offer to help. By videoconference,…
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Deutsche Bank sets net zero targets to clean up €250bn corporate loan book
Deutsche Bank has set explicit targets to reduce its carbon footprint over the next thirty years, as rival investment banks show…
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Hedge funds stay cautious on pound bets amid fears of more political volatility
The pound’s spike on 20 October after UK prime minister Liz Truss’ exit turned out to be a dead cat…
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Goldman Sachs, PwC, Schroders and more sign up to give disabled students paid work experience
A slew of top City firms have thrown their weight behind the latest initiative from diversity charity 10,000 Black Interns by offering…
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Fund managers bullish on UK stocks despite political turmoil
UK stocks have been among some of the least loved investments this year, with funds focused on domestic companies bleeding…
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London-based hedge funds still hiring despite challenging market conditions
From technology graduates to portfolio managers, London-based hedge funds are looking for top talent despite job cuts across other sectors. Brevan Howard…
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Net-zero goals will need $100tn of green finance
Governments, investors and corporates from around the world will have to stump up an estimated $100tn in green investment in…
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FCA forces funds to drop ‘ESG’ labels in greenwashing crackdown
Asset managers could soon be forced to remove ESG and sustainability branding from their funds if they fail to meet…
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Crypto hedge fund Strix Leviathan taps BlackRock’s Matthew McBrady to head strategy
Quantitative crypto hedge fund Strix Leviathan has named BlackRock’s former chief investment officer Matthew McBrady as strategy head. In the…
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CCLA’s Peter Hugh Smith: ‘If the City wants to be a power for good, it has to come together’
Peter Hugh Smith has one of the most impressive corner offices anywhere in the City. Situated high up in the same…
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How one of London’s newest hedge funds might win big on rising rates
A new London-based hedge fund has its eyes on rising rates as its “biggest opportunity” after launching last week. Andromeda…
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Vanguard’s Europe boss eyes pension switches to boost UK platform
Asset management giant Vanguard is eyeing pension switches as the next big opportunity for its UK investment platform amid a…
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