financial vehicles
- Finance
HSBC exec suspended for ESG comments brought ‘dose of honesty’ to debate, ex-BlackRock sustainable investing chief says
HSBC Asset Management responsible investing head Stuart Kirk caused an uproar when he branded climate warnings from environmental “nut jobs” as false, leading…
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The SEC’s proposals for private equity: Where next?
US regulators’ planned private-equity overhaul has received rave reviews from most institutional investors. But some still see a few rough…
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KKR continues Asia push as PE giant closes new credit fund
KKR said 25 May that it has closed a new credit fund focused on the Asia market, as the New York-listed investment…
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BNY Mellon fined by SEC over ESG claims
The Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon $1.5m for misleading claims it made…
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Philadelphia reinstates face-mask mandate for students and teachers, and WHO head warns pandemic ‘most certainly not over’
Philadelphia has reinstated a face-mask mandate for students and teachers that comes into effect Monday, in its latest move to…
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Elon Musk called ESG a scam — did the Tesla chief do investors a favor?
Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market…
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Tesla Loses Top Spot in Cathie Wood’s Flagship Fund. This Stock Is the New No. 1.
Cathie Wood Courtesy of ARK ARK Invest founder Cathie Wood is a long-time Tesla bull. Her 2026 price target for…
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The private equity industry keeps rolling in Ukraine
In war-torn Ukraine, private equity houses are still doing deals. Despite the uncertainty caused by Russia’s invasion, new data shows…
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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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U.S. stocks mostly lower after worst day for equities in nearly two years
U.S. stocks extended their slump on Thursday, following the worst slide in close to two years for the S&P 500…
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Meet the 24-year-old who quit hedge fund Citadel to get rich in blockchain network Terra. Two months later, ‘there is no Terra anymore’
At the start of 2022, Neel Somani was a quantitative research analyst working at Citadel, billionaire Ken Griffin’s powerhouse hedge-fund…
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Private equity’s newest target: Your pension fund
Buyout bosses are eyeing up a vast pool of potential capital in the pensions sector. They are hoping to gain…
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Citigroup launches new VC and family office team with Tobi Ali at the helm
Citigroup is launching a new team of dealmakers to focus on venture capital firms and family offices, the latest appointment…
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Grayscale launches ETF in Europe to track ‘future of finance’ stocks like Coinbase, Robinhood
Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will list on the London Stock…
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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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Tech stock rout sees Tiger Global lose $17bn
The hedge fund Tiger Global has lost roughly two-thirds of the cumulative gains it has made for investors since its…
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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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Eurazeo CEO Virginie Morgon on why she’s pulling ‘all the levers’ on ESG
From the top floor of private equity firm Eurazeo’s headquarters, discreetly tucked away in the chic 17th arrondissement in the…
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Apollo pushes into funds for wealthy investors
Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset…
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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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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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Bridgewater’s first major European short in two years is $12m bet against oil tanker firm Euronav
Hedge fund Bridgewater disclosed its first major short position since the first quarter of 2020 — a position in Belgian…
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Carlyle grows assets but misses earnings forecast
Carlyle’s assets under management rose to $325bn by the end of March, but the firm reported weaker-than-expected results for the…
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Credit Suisse reveals $284m loss as investment bank tumbles
Credit Suisse unveiled a loss of CHF273m ($284m) in the first quarter as it battled litigation costs and a slump…
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Hwang’s Archegos deceived Wall Street firms, federal government says
One of the biggest Wall Street cases in years was brought Wednesday — essentially, over duping Wall Street firms. The…
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KPMG ties up with VC adviser Acceleris as it embarks on investment spree
KPMG UK signed a joint venture with venture capital adviser Acceleris in what the audit firm’s boss Jon Holt said is…
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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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Grayscale CEO on the ‘holy grail’ in crypto ETFs: ‘Ask for permission, not for forgiveness’
Grayscale chief executive Michael Sonnenshein says consumer trust in the firm, one of the largest cryptocurrency asset managers, comes from its…
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London’s finance and professional services sectors beat global peers to foreign investment
London attracted foreign investment in more financial and professional services projects than any of its global peers last year, according to…
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KKR has wrapped its largest buyout fund with $19bn in investor backing
KKR wrapped up its largest-ever buyout fund with $19bn in investor commitments in a fundraising effort that broke an in-house…
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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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Hedge fund Melvin Capital scraps plans to restart charging performance fees
Gabe Plotkin scrapped a plan to start charging performance fees again at his beleaguered hedge fund, Melvin Capital Management, after…
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Private equity had a mixed Q1. Here are three key takeaways
Europe’s private equity industry witnessed a mixed start to 2022, as the deal boom continued at pace despite growing fears…
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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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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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Bill Ackman dumps hedge fund’s stake in Netflix
Billionaire investor William Ackman said his hedge fund sold its stake in Netflix on 20 April, implying a loss of about $400m,…
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Why Goldman’s David Solomon is getting a chunk of the bank’s private equity profits
David Solomon is getting a bigger slice of Goldman Sachs’ private-equity profits. The Goldman Sachs chief executive and a tight…
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Apollo weighs backing bid for Twitter
Apollo Global Management is considering participating in a bid for Twitter, according to people familiar with the matter, after Elon Musk’s $43bn bid…
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Why consider the Dow transports when they point to a slowing economy? Because these 7 stocks are cheap
The Dow Jones Transportation Average has long been considered a good forward indicator of the direction of the U.S. economy.…
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Advent’s €1bn IRCA buy shows the PE house has a sweet tooth
In the run-up to the Easter holidays, many of us have chocolate on the mind. None more so than Francesco…
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Private equity firms overhaul London offices in the wake of Covid
In the wake of Covid, buyout bosses are rethinking the future of the office. Private equity and venture capital firms have been…
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Philadelphia becomes first big U.S. city to reinstate face masks, as U.S. daily COVID cases climb 10% from two weeks ago
Philadelphia has become the first big U.S. city to reinstate its indoor face-mask mandate after COVID-19 cases rose more than…
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PE sector gripped by deal fatigue: ‘People have been working beyond their capacity for a long time’
A frenzied spell of dealmaking and fundraising has left the private equity industry feeling exhausted. After striking a record $1.1tn…
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Hedge fund boss Chris Hohn slams banks over climate hypocrisy
Banks making net-zero promises while lobbying against climate regulation is “greenwashing”, according to billionaire hedge-fund boss Sir Chris Hohn. “Any…
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Metals guru on the ‘apoplectic rage’ of nickel traders over LME debacle
The London Metal Exchange’s unprecedented move earlier this month to cancel close to $4bn in nickel transactions shocked market participants far beyond…
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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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PE and VC-backed companies in Europe created more than 100,000 jobs during pandemic, study finds
European companies owned by private equity and venture capital grew their workforces by 2% in 2020 — a year when the…
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Private equity renews interest in military sector amid Ukraine invasion
Geopolitical tensions, reputational risks and complex contract negotiations: investing in the global defence industry is not for the faint-hearted. But…
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Jan van Eck: ‘Blockchain technology will completely revolutionise Wall Street’
Jan van Eck stands out at the Bitcoin 2022 conference – surrounded by throngs of uber-bullish bitcoin faithful in Miami,…
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Russia’s war on Ukraine unsettles investors expecting carve-out deal uptick for 2022
Russia’s invasion of Ukraine is casting shadows over the booming global carve-out market. Geopolitical uncertainty threatens to “overshadow” investors’ initial…
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