asset management
- Finance
City influencers celebrate Financial News’ 25th anniversary
Some of the highest-profile names in the City gathered to mark 25 years of Financial News on 17 May. From…
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Cannabis investors suffer comedown as high-flying pot funds shrink 45%
The high around cannabis stocks appears to have faded, with funds in the global sector reporting a sharp drop in inflows and woeful…
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Brookfield Asset Management makes £4bn swoop for HomeServe
Brookfield Asset Management has agreed to buy London-listed repair services company HomeServe in a £4bn deal. The Canadian alternative investment giant…
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Axa IM eyes launch of new private markets business
Axa Investment Managers, the €864bn fund management unit of the French insurance group, plans to establish a new business unit…
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BlackRock, Vanguard could see voting power curbed as lawmakers line up new rules
A group of Republican senators is looking to curtail the power big asset managers like BlackRock and Vanguard have over public companies.…
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Schroders eyes some embattled Faangs as tech names approach value stock territory
The sell-off that has wiped more than $1tn from the market value of the world’s technology giants could see some…
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Allianz subsidiary takes $6bn hit after pleading guilty to securities fraud
One of Allianz’s US investing divisions pleaded guilty and agreed to pay more than $6bn in penalties and restitution for a scheme…
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Schroders’ hunt for climate experts shows newest front in ESG talent war
Asset managers are on the hunt for experts who can help them meet their ambitious net-zero emissions targets — and are willing…
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BlackRock, Franklin and Polar tech funds hit as rout wipes 30% off investor holdings
Some of Europe’s largest technology funds are nursing losses of more than 30% this year, as a brutal sell-off across the sector drags…
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Regulators must tackle ‘severe risk’ of greenwashing, IOSCO says
The secretary general of the International Organisation of Securities Commissions, Martin Moloney, said regulators must tackle rising concerns of greenwashing. “It’s…
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Fund manager M&A frenzy spills into first quarter as global deals reach $18bn
The wave of fund manager M&A that drove global deal numbers to a record high last year has run into 2022, with the…
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How Warren Buffett made the stock market selloff work for Berkshire Hathaway
The stock market’s selloff has been bad news for most investors. Not for Warren Buffett and his team. Buffett’s Berkshire…
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Martin Gilbert: Amid economic chaos, fund managers can prove their worth
Martin Gilbert is the co-founder and former chief executive of Aberdeen Asset Management (now Abrdn). He is chair of AssetCo and…
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Asset managers with £6.5tn sign up to tackle diversity greenwashing
Schroders, Legal & General Investment Management and Aviva Investors are among 15 asset managers that have signed up to a…
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Elliott’s London staff set for more responsibility as hedge fund shuts last Asia office
High-profile activist investor Elliott Management is shutting up shop in Asia, according to reports, as the hedge fund’s London office prepares…
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BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’
BlackRock has downgraded its outlook for Chinese stocks and bonds on the back of weakening growth expectations and geopolitical risks…
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Startup backed by Peter Thiel and Bill Ackman tells companies to stick to making profit and avoid politics
An upstart financial firm backed by Peter Thiel and Bill Ackman has a message for American corporations: Focus on making…
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Are defence stocks ESG? Fund managers are divided
The brutal war being fought in Ukraine has thrown up a dilemma for the world’s fund managers: whether or not defence…
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BP, Shell shareholders warn against ‘meddling’ windfall tax
Bumper profits at Shell and BP have reignited calls for a windfall tax on oil giants to combat soaring energy…
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LGIM piles pressure on boardroom diversity and pay
Legal & General Investment Management, the UK’s largest fund management group, ramped up its opposition to companies falling short on…
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Pirc tells Barclays shareholders to vote against pay report
Barclays investors have been urged by a major adviser to oppose the bank’s remuneration policy, raising the prospect of a shareholder…
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Here’s why Elizabeth Warren is concerned over Fidelity’s bitcoin pension plan
Senator Elizabeth Warren voiced concerns about Fidelity Investments’ plan to include bitcoin in customers’ 401(k) accounts, calling it “a risky…
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Binance pledges $500m as Elon Musk gets $7bn in fresh funding for Twitter takeover
The world’s largest cryptocurrency exchange, Binance, has committed $500m in financing to help Elon Musk buy Twitter. The firm is…
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Ex-Jupiter board member slams management in scathing open letter
A former board member of FTSE 250 listed asset manager Jupiter wrote a scathing letter to its current chair claiming…
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Hendrik du Toit: Russia sanctions could prove an ‘expensive decision’ for the West
Hendrik du Toit, one of the City’s longest-serving fund management chief executives, has warned that “weaponising finance” to punish Russia…
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Twitter investor slams Elon Musk’s $44bn offer: ‘This is someone who wants to buy himself a toy’
Twitter shareholders are unconvinced that Elon Musk’s $44bn takeover bid is the best possible deal, with some claiming the price offered…
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Western Digital stock shoots toward best day in two years after activist pushes for business split
Shares of Western Digital Corp. were rocketing in Tuesday trading after Elliott Investment Management issued a call for the chip…
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Warren Buffett and Charlie Munger hit out at bitcoin at Berkshire’s AGM but crypto fans are unmoved
Warren Buffett and Charlie Munger doubled down on their criticism of bitcoin at Berkshire Hathaway’s annual shareholders meeting on 30…
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Why Warren Buffett says markets are a ‘gambling parlour’
OMAHA, Nebraska — As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying.…
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US Labor Department has ‘grave concerns’ about Fidelity’s bitcoin pension plan
Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401(k) accounts risks the retirement security of…
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M&G begins search for new CEO as John Foley announces retirement
M&G, the £370bn UK-listed investment group, is on the hunt for a new chief executive following an announcement that current…
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LGIM to vote against exonerating Credit Suisse board after scandals
Legal & General Investment Management will vote against absolving senior Credit Suisse executives of responsibility after a series of scandals engulfed…
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Fidelity Investments plans options for investing in bitcoin
Fidelity Investments plans to allow investors to put a bitcoin account in their 401(k)s, the first major retirement-plan provider to…
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Schroders ties staff comp to ESG goals — here’s how this will impact pay
Schroders has linked fund manager and analyst remuneration to sustainability goals, as it rolls out a new company-wide “engagement blueprint”.…
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JPMorgan AM’s Kristian West: Differences between us and tech giants ‘less than you’d imagine’
JPMorgan Asset Management has for several years been placing greater emphasis on data science and analytics to give its portfolio…
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AJ Bell warns that the armchair-trading boom is fading
AJ Bell, one of the UK’s largest investment platforms, saw a drop in assets over the first quarter of the…
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BlackRock under pressure as Carl Icahn urges major ESG investors to back McDonald’s campaign
Carl Icahn is urging BlackRock and other big index-fund managers focused on socially conscious investing to support his proxy fight at McDonald’s for better treatment of…
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Natixis IM’s global sustainability chief: ESG investing isn’t ‘charity’
ESG products may be tied to doing what’s right for the climate, but they’re there to make money, like any…
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Regulators are piling the pressure on high-yield crypto
The days of earning 9% yields on cryptocurrencies appear to be ending for retail investors as regulatory pressures ramp up…
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Netflix stock drops 30% as analysts question strength of model
Netflix shares were on course for their worst day in nearly a decade after the streaming giant reported that it lost subscribers in…
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Euan Munro: ‘Not everywhere we invest will be a US- or UK-style democracy’
When Euan Munro arrived at Newton Investment Management in June last year, he walked into a business in the midst…
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BlackRock is looking into crypto, Larry Fink says
BlackRock, the massive money manager, is an investor in a $400m fundraising round for Circle Internet Financial, the crypto-focused company that…
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BlackRock profits jump 20% despite market volatility
BlackRock reported higher quarterly profit even as market volatility lowered the investment firm’s assets under management to $9.6tn. The world’s largest…
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BlackRock enters strategic partnership with stablecoin firm Circle
Circle Internet Financial, a cryptocurrency start-up that is merging with a special-purpose acquisition company, raised $400m in a funding round…
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Warren Buffett’s protege is ok with ‘moats’ but she doesn’t share his hands-off-approach
Tracy Britt Cool spent a decade working for Warren Buffett. She now wants to buy the kinds of companies that…
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This startup wants to do for activist investing what GameStop did for stocks
Alasdair Hardie wanted his money to make a difference. After months of research at the beginning of the year, the 32-year-old Edinburgh…
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FN25: Fidelity’s Anne Richards, the engineer turned ‘inspirational leader’
As part of our 25th anniversary celebrations, Financial News has profiled 25 of the most influential figures in the City over the…
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UK fund managers on high alert over Russian cyberattacks
Asset managers overseeing trillions of pounds are braced for an onslaught of cyberattacks from Russia, as City firms are being…
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BlackRock’s Jean Boivin: Central banks won’t contain inflation
Jean Boivin is head of BlackRock’s influential Investment Institute — the asset manager’s in-house economic, markets, and geopolitics research unit. Before joining…
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Schroders slips down UK fund brand rankings again as BlackRock, JPMorgan, Vanguard climb
Schroders has continued to fall in an annual ranking of UK fund management brands, with US behemoths BlackRock, JPMorgan Asset…
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