portfolio
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Goldman Sachs Asset Management warns it will veto execs who fail to tackle diversity
Goldman Sachs Asset Management is sending a clear warning to firms that it will vote against executives that do not…
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JPMorgan Asset Management promotes Takatsuki to global stewardship role
JPMorgan Asset Management has promoted its recently appointed head of investment stewardship for Europe, the Middle East and Africa to…
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David Abrams Snuggles Up To Tempur Sealy In 3rd Quarter
Summary Guru established three new positions during the quarter. Abrams added to Change Healthcare stake. He also exited his PG&E…
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Schroders keeping ‘open mind’ on Spacs as activity set for rise
Schroders, the UK’s largest listed asset manager, is keeping an “open mind” on the future of special purpose acquisition companies,…
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Heavyweight investors head to Downing Street as science and technology funds shoot up agenda
Some of the UK’s biggest investors have met with the prime minister and chancellor to discuss how to encourage hundreds…
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Ray Dalio’s Bridgewater raises $1.25bn for China-based fund
Bridgewater Associates has raised the equivalent of $1.25bn for its third investment fund in China, according to a person familiar…
Read More » - Market
How Much Should You Care About Where Big-Time Investors Put Their Dollars?
getty When Warren Buffet invests, people pay attention – for good reason. Over the years, Berkshire Hathaway has generated enormous profits for Buffet, his…
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AssetCo and Premier Miton table bids for River & Mercantile
River & Mercantile, the £47.6bn UK-listed asset manager, has been approached by Premier Miton and AssetCo with separate offers to…
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Daniel Loeb Acquires Alight, Curbs Intel Stake
Summary Guru’s largest buy was a new position in Alight. Loeb also trimmed Intel stake. He sold out of SoFi…
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FCA’s lead supervisor for asset managers quits: ‘It’s a big loss’
The Financial Conduct Authority’s head of asset management Nick Miller is set to leave the watchdog to join ratings agency…
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ESG is more powerful than former BlackRock exec Tariq Fancy thinks
In his Secret Diary of a ‘Sustainable Investor’, BlackRock’s former sustainable investing CIO Tariq Fancy makes several assertions that have at worst undermined…
Read More » - Entrepreneurs
3 REITs That Could Be the Backbone of Your Portfolio
You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on MarketBeat High-Quality REITs Can…
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Buffett Buys 2 Stocks, Adds To Chevron Stake In 3rd Quarter
Summary Guru entered positions in Royalty Pharma and Floor & Decor Holdings. He sold out of Merck, Liberty Global and…
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BlackRock’s iShares boss says the firm is in no hurry to launch crypto ETFs
One of BlackRock’s top executives has ruled out an imminent foray into crypto exchange traded funds, citing an “opaque” regulatory…
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Fund managers call lawyers over ESG jitters as greenwashing fears mount
Asset managers are getting anxious about increased attention regulators are paying to their sustainable investment claims, sparking an uptick in queries…
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Abrdn in deal talks with Interactive Investor
FTSE-100 asset manager Abrdn is looking to cash in on the boom in lockdown trading by striking a deal with…
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Fidelity Investments reports 23% retail investor surge
Fidelity Investments said clients’ assets jumped to $11.1tn in the third quarter, buoyed by the continuing surge of new accounts…
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AXA IM threatens climate laggards with ‘three strikes and you’re out’ policy
AXA Investment Managers, the €879bn fund management arm of the French insurer, has warned companies that it will enforce a strict…
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UK to force asset managers to publish net-zero transition plans
Asset managers and other financial services firms in the UK will soon be forced to publish details of how they…
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BlackRock boss Fink calls on private companies to step up on climate change
BlackRock chief executive Larry Fink has called on companies in the private and public sectors to join forces to address…
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CFA unveils global ESG standards to address greenwashing
The CFA Institute has launched ESG disclosure standards designed to curb greenwashing in the asset management sector. The new standards,…
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Ken Fisher Trims Top Holdings Apple And Visa, Boosts ETF
Summary Fisher trimmed Visa and Apple AAPL positions, though they remain top holdings. He added to his stakes in Facebook,…
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Asset manager M&A under pressure after ‘value-destroying’ deals
Investment experts are beginning to question the wisdom of the recent flood of mergers and acquisitions among asset managers since…
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Schroders strikes deal for River & Mercantile solutions arm
Schroders, the £717bn UK listed asset manager, has struck a deal to acquire the £42bn solutions business of River & Mercantile…
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Blackstone’s co-head of hedge fund arm plans to leave firm
The co-head of Blackstone’s big hedge-fund unit plans to leave the firm as the private equity giant seeks higher returns and faster…
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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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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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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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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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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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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…
Read More » - Market
Is Your Portfolio Keeping Up This Year? Here’s How To Tell.
apples to apples getty To avoid FOMO, do an apples-to-apples comparison Every year, my nominee for most over-used investor question…
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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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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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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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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…
Read More » - Market
Charlie Munger Plunges Deeper Into Alibaba
Summary Munger’s Daily Journal only added to one holding during the third quarter. Renowned investor Charlie Munger (Trades, Portfolio), the chairman of Daily…
Read More » - Finance
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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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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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…
Read More » - Market
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…
Read More » - Market
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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