financial vehicles
- Market
Weekend reads: Should you invest in a bitcoin ETF?
A groundbreaking development in exchange traded funds this week has Mark DeCambre, the author of the ETF Wrap column, answering…
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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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Five things in crypto this week: bitcoin ETF, inflation and FTX’s $25bn price tag
In the week that saw bitcoin reach a new all-time high, investors and financial professionals alike were kept busy in…
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Virginia governor’s race could give ‘flashing red warning sign’ for Democrats — and shift market sentiment
That’s an overstatement, but the governor’s race in the Democratic-leaning state is drawing considerable attention this fall, with analysts connecting…
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Blackstone profits nearly double in third quarter
Blackstone’s net income nearly doubled in the third quarter, driven by strong investment performance for its largest strategies and continued expansion…
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Cryptocurrency exchange FTX hits $25bn valuation in funding round
Cryptocurrency exchange FTX reached a valuation of $25bn in a new funding round that includes heavyweights from traditional finance, such…
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Zopa gains unicorn status as SoftBank leads $300m funding round
British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology…
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Bitcoin hit a record high and could go further still, analyst says
Bitcoin has risen above $66,000, recording a record high on 20 October, after ProShares Bitcoin Strategy ETF, the first bitcoin-linked…
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BlackStone acquires majority stake in shapewear firm Spanx
Blackstone is buying a majority stake in Spanx, becoming the first outsider to put money into a company that revolutionised…
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Kirkland raiding Freshfields’ stars ushers in new era for private equity team
Kirkland & Ellis’s hire of two rising stars from Freshfields last week marks a changing of the guard in the…
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Short-seller Carson Block on GameStop, China and why a market crash could be ‘much larger, much faster’ than ever
Short-seller Carson Block, founder and chief investment officer of Muddy Waters Capital, spoke with Financial News in a Barron’s Live…
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ProShares bitcoin ETF debuts high at NYSE opening
The bitcoin-linked exchanged traded fund, ProShares Bitcoin Strategy ETF, was trading higher on the morning of 19 October but off…
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First bitcoin futures ETF ticks up as opening-day trading continues
The first bitcoin-focused exchange-traded fund rose modestly in its debut on 19 October. The ProShares Bitcoin Strategy ETF was up 2% in…
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U.S. stocks push higher as earnings season rolls on
U.S. stocks pushed to the upside again Tuesday, after the largest four-day stretch of gains since late July for both…
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Apollo sets $1tn asset target as battle with Blackstone heats up
Apollo Global Management said it expects its assets under management to double to about $1tn by 2026, setting up a race…
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Here’s what’s in Democrats’ big social-spending bill — for now
Negotiations continue among Democratic moderates and progressives over President Joe Biden’s “Build Back Better” plan, a sweeping proposal targeting “human…
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Bitcoin price soars as hype grows over futures ETF
Bitcoin prices surged over the weekend and pushed higher Monday amid expectations that an exchange-traded fund tracking futures contracts for…
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Blackstone, KKR fuel record $26bn in Wall Street fees as PE boom seen raging on
Bankrolling private equity is big business for Wall Street. The world’s biggest banks have pulled in a record $26bn in fees advising…
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Fintech frenzy to stall as talent war and Europe’s IPO slowdown hurts startups
Record levels of private and venture capital funding for European fintech companies could diminish next year as mature startups focus…
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Investment advisers ‘extremely skeptical’ about first U.S. bitcoin ETF: ‘It’s a hard thing for RIAs to recommend an inferior’ crypto product
Happy Sunday! Welcome to the penultimate installment of Need to Know Crypto Edition, ahead of the launch of a new…
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First U.S. Bitcoin ETF looks set to debut Monday or Tuesday from ProShares Trust
ProShares looked set to offer the first bitcoin BTCUSD, -1.94% exchange-traded fund, marking a major milestone in the crypto sector…
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Excitement over an ETF to track bitcoin drives the crypto to $60k
Bitcoin hit $60,000 on 15 October for the first time since April, as traders anticipate US regulators will approve the first…
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Kraken’s Juthica Chou: Why crypto in mainstream will help shift to options and ETFs
Investing in cryptocurrencies isn’t for the faint-hearted, and tackling the market with complex instruments such as derivatives is an even…
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Five things in crypto this week: Coinbase, JPMorgan’s Jamie Dimon, NFTs and a bitcoin ETF?
As investors wait with bated breath to see whether US regulators will approve an exchange-traded fund linked to bitcoin futures…
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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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Millennium memo warns staff to log personal crypto trades with compliance
Millennium Management sent a memo to staff telling them to disclose any personal trading in cryptocurrencies to the hedge fund giant’s…
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KKR co-chiefs step down as torch passes at private equity giant
Henry Kravis and George Roberts are stepping down as co-chief executive officers of KKR, as the founders of the seminal…
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Ex-OppenheimerFunds analyst charged with wire fraud
A former quantitative analyst for a global asset manager was charged with securities and wire fraud for allegedly using nonpublic…
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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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Five things that happened in crypto this week: China crackdown, Coinbase and bitcoin on Twitter
Regulation was the name of the game in cryptocurrencies this week, as two world powers took steps to lay down…
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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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Deutsche Bank needs more ESG expertise, CEO Sewing says
Deutsche Bank chief executive Christian Sewing said that all 22,000 client-facing staff at the German lender need to be versed…
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City still divided over the benefits of the green investment boom
For some time, senior City folk have been saying that the hoped-for surge in green investment will not only be…
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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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Citadel under fire over its role in GameStop trading
Billionaire Ken Griffin’s electronic trading firm, Citadel Securities, is under fire again over its role in the January trading frenzy…
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Why Warburg Pincus has been piling into European telecoms and tech
It has taken René Obermann and Adarsh Sarma just 12 months to invest $2.2bn. That’s speedy work for the duo…
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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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Market-makers take on the banks in PR battle over trading reforms
When an industry lobby group starts a public relations campaign, the cynical observer instinctively asks: Why? Why now? Do they have…
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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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Numis hires Moelis, VC firm vets in deal push
City broker Numis hired a medical doctor to bolster its team of dealmakers targeting high-growth companies as part of a…
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Five things that happened in crypto this week: bitcoin ETFs, BofA research, Musk, shiba inu, and Soros
The week in cryptos bustled with activity, with interesting discussions at the in-person conference in London, Token2049. Most notable was the…
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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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Citigroup taps Goldman’s Leyenaar-Huntingford to lead infrastructure banking
Citigroup has hired a Goldman Sachs dealmaker to head up its infrastructure investment banking team in London, as the US…
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Private equity firms hike junior pay by 50% amid banker burnout crisis
Pay for junior private equity professionals in Europe has swelled by 52% over the past two years, showing the growing…
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Why Spacs might just bounce back from their miserable year
2021 has been a miserable year for Spacs. The well documented sagas and ensuing share price volatility around companies like…
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UK lawmakers probe Facebook over Instagram’s stock picking ‘finfluencers’
Facebook will step in to stop investment scams, but users can freely share advice, tips and knowledge on trading and…
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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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