asset management
- Finance
Fidelity International and CEO Anne Richards win big in FN’s Asset Management Awards
Boutique firm Liontrust picked up the prestigious Asset Manager of the Year gong in the Financial News Asset Management Awards 2021, as…
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Amundi chair Yves Perrier named Editor’s Choice in FN’s Asset Management Awards
Financial News announced the winners of its Asset Management Awards 2021 on 21 October. This year’s Editor’s Choice award went…
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Mobius warns ‘crypto could really blow up’: central banks should pay attention
Mark Mobius, the veteran emerging markets investor, warned of a potential cryptocurrency collapse that would be felt across global stock markets. “Cryptocurrency…
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Green summit attended by Fink and Dimon is chance for ‘deft thinking’ on climate goals
Some of the world’s most influential investors and business leaders are gathering in London this week for a government-led summit…
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Fund bosses see ‘Darwinian forces’ spurring M&A deals
The pace of merger and acquisition activity won’t let up, say some of Europe’s top fund bosses. They predict asset managers…
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Vanguard’s UK retail platform is proving to be a hit with under 30s as assets swell to £9.5bn
Investment platforms have experienced a surge in trading volumes since the start of the Covid pandemic, fuelled by younger investors seeking…
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The UK government roped in bigwigs from HSBC, Citi and Morgan Stanley to help solve Brexit. Will it work?
Back in April, the government announced it was forming an Investment Council to help boost investment into the UK in…
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How a City fund manager’s idea to hire 100 Black interns spread to Goldman, Google and TikTok
Ami Ophelia-Brown submitted over 300 job applications during her final year at the University of Northampton, from where she graduated…
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Mark Dampier: Why an army of new investors might be disappointed with markets
Mark Dampier is former research director at the FTSE 100-listed investment platform Hargreaves Lansdown, and author of Effective Investing – A…
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Goldman tops bumper quarter for dealmakers with $1.6bn in M&A fees
Goldman Sachs capped a stellar third quarter for dealmakers by posting a 225% increase in M&A fees, and staved off…
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Asset managers in firing line as Sunak unveils new greenwashing rules
Asset managers, investment providers, and pension schemes will all be forced to disclose information about their environmental impact under new…
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Fund management chiefs say tech will drive change as pressure builds on ESG
Technology will be a key driver of change in the asset management industry over the coming years, according to senior executives,…
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Cathie Wood’s Ark to invest in bitcoin futures
Cathie Wood’s Ark Investment Management is the latest Wall Street heavyweight jostling for position to get involved in an exchange-traded…
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Crypto fans are turning to futures ahead of the SEC’s ruling over bitcoin ETFs
Investors are betting the first U.S.-listed bitcoin exchange-traded fund is about to get the go-ahead. Securities regulators could rule as…
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Abrdn’s new CEO fights to stem investor flight: ‘The market is yet to be convinced’
Stephen Bird, the former Citigroup executive who replaced Keith Skeoch as CEO of Standard Life Aberdeen in September 2020, has…
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BlackRock’s Q3 profit up 23% amid soaring stock market
BlackRock’s third-quarter profit rose 23% during a volatile stretch for markets. The money management giant posted a profit of $1.68bn, or…
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HSBC CEO Quinn: Forcing staff back to the office is a ‘betrayal of trust’
HSBC chief executive, Noel Quinn, said that forcing its 210,000 employees back to the office in the wake of Covid-19…
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Martin Gilbert: Asset managers are still lagging on technology
Martin Gilbert is the co-founder and former chief executive of Aberdeen Asset Management and abrdn. He is now chairman of…
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FCA made a rule that funds need independent directors, but it’s not keeping track
The Financial Conduct Authority does not know how many fund managers are meeting requirements around the number of independent directors on their…
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Ex-Chancellor Hammond takes plunge into crypto space with Copper adviser role
Former Chancellor Lord Philip Hammond has become the latest high-profile politician to join the crypto craze as he takes an adviser…
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Gas crisis a win for Centrica as energy investors see deal spree
UK fund managers see the UK’s gas crisis as a boon to the largest listed energy companies. The gas crisis…
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Woodford fund collapse widens Kent County Council loss to £84m
Kent County Council is facing an £84m loss on its investment in the failed flagship fund once overseen by fallen…
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Merging among asset managers may not be a cure-all
Just about everybody agrees that asset managers need to get bigger. But mergers may not be a cure-all. The rapid…
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EQT says inside info handled ‘correctly’ after Swedish probe sends shares tumbling
The Swedish financial regulator has launched an investigation into suspected market abuse by EQT, Europe’s largest listed private equity firm.…
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Credit Suisse to pay another $400m to investors in Greensill exposed funds
The asset management arm of Credit Suisse has announced plans to return $400m to investors in a suite of supply…
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Woodford investors edge closer to court action with administrator
A law firm representing more than 11,000 investors in Neil Woodford’s former flagship investment fund has begun court proceedings against…
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Aviva, Mercer hired to resolve compliance failure in German fund Aquila Capital
A German fund group audited by KPMG has turned to fund giants Aviva and Mercer to enable it to resolve…
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Evergrande plunge wipes $250m off BlackRock, Vanguard holdings
BlackRock and Vanguard are among the largest shareholders in Evergrande that have posted hundreds of millions of dollars in paper…
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Evergrande plans fund raise with sale of stake to state firm
China Evergrande Group said it plans to raise about $1.5bn by selling a minority stake in a Chinese bank to…
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SEC bids to force asset managers to come clean on voting records
The Securities and Exchange Commission has proposed a rule that would require money managers to disclose more information on how…
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BlackRock unveils back-to-work pilot for London office
BlackRock, the world’s largest asset manager, is preparing to roll out a return to work programme which will require staff…
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Allianz’s Jacqueline Hunt to step down
Allianz SE’s top asset-management executive is leaving her day-to-day role, according to the company, part of a wider management shake-up…
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Cathie Wood predicts oil price drop as peak demand reached
Much like the whale oil trade at its peak in the mid 1800s, crude oil prices have probably topped. That’s…
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How social media stars can help funds close the gender and ethnicity gap
Asset managers should work with social media stars to help attract millions in potential investment from women and ethnic minorities, according to a…
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Credit Suisse raided as part of police investigation into Greensill
Swiss police raided Credit Suisse Group offices last week, the bank said, as part of an investigation into collapsed finance…
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Clayton, Dubilier & Rice win bidding war for Morrisons
A consortium led by US buyout firm Clayton, Dubilier & Rice won the bidding war for UK grocery chain Wm Morrison…
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WisdomTree, SocGen natural gas funds gain more than 300% as UK reels from energy crisis
A cohort of exchange-traded products exposed to the natural gas sector surged — with some delivering close to a 400% gain this…
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Analyst who warned about Wirecard now sees potential ‘liquidity strike’ at Cathie Wood’s flagship ETF
Mirabaud Securities’ Neil Campling gained notoriety in 2020 when it emerged he was the only analyst who had placed a…
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Evergrande halts shares, signals takeover bid
The $7bn property management unit of ailing developer China Evergrande Group said it could be the subject of a takeover bid, a…
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Facebook’s whistleblower says her goal is to save the company
The former Facebook employee who gathered documents that formed the foundation of The Wall Street Journal’s Facebook Files series said…
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Facebook investors slam ‘damage it is inflicting on our society’
Investors in Facebook are criticising the company and its management structure amid accusations from a whistleblower that claim the tech…
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Spooked investors yank £560m from UK funds amid fuel crisis
UK equity funds suffered their second-worst month on record in September, as long queues at petrol stations and concerns over…
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BlackRock to give institutional investors more say over proxy voting
BlackRock, the world’s largest asset manager, is to offer some of its institutional fund investors a choice over how their…
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BlackRock’s Mullin heads to New York for deputy COO role
BlackRock has announced new roles for two of its most senior executives based in London. Stacey Mullin, who was appointed chief operating…
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London funds relaxed about EU threat to move management to continent
Five years on from the UK’s vote to split from the European Union, Brexit continues to keep London’s asset managers…
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Goldman, Fidelity-backed tech platform aims to make IPOs digital
A new technology platform backed by the biggest US banks and money managers is aiming to bring the IPO market…
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Cathie Wood would ditch Tesla stock if it hit price target early
Leading technology investor Cathie Wood said she would be willing to sell her flagship fund’s massive stake in Tesla next…
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These stocks are in bear-market territory, but Wall Street expects them to soar as much as 68%
This looks like another good year for the stock market — the benchmark S&P 500 is up 16%. But it…
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Wise enters wealth management with BlackRock tie-up
British fintech firm Wise is launching its first foray into wealth management, allowing customers to invest the cash in their…
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IPO market braces for 14 deals this week — including payment processor Toast — unless Evergrande woes send issuers scurrying
The U.S. initial public offering market is bracing for another busy week, with 14 deals on tap, unless fears of…
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