portfolio
- Finance
DWS loses two executives to Audax
Audax Group has hired two DWS Group executives to help build out a new strategy to invest in secondhand stakes…
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Frankfurt offices of DWS and Deutsche Bank raided over greenwashing allegations
The Frankfurt offices of Deutsche Bank AG and its asset management subsidiary DWS Group were searched by authorities on 31…
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Elon Musk blasts ESG after DWS office raids over greenwashing allegations
Tesla chief executive Elon Musk slammed the ESG industry again following a raid on asset manager DWS’ Frankfurt offices over greenwashing allegations.…
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Fidelity Investments bolsters tech headcount to meet institutional crypto demand
A Fidelity Investments subsidiary, launched a few years ago to let institutional investors store and trade bitcoin, plans to double…
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Trading Places: DWS boss departs, Fidelity’s 110 crypto hires, JPMorgan’s Brexit moves
A happy Jubilee weekend to all the movers and shakers in the City’s job market this week. Trading Places doesn’t…
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Jane Street joins Elliott in legal battle over LME’s $4bn in wiped trades: ‘There are bound to be others’
Wall Street market-maker Jane Street became the latest to sue the London Metal Exchange for cancelling some $4bn in nickel trades…
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Schroders urges FirstGroup to reject £1.2bn takeover bid from US private equity firm
Schroders, the largest shareholder in UK bus and train operator FirstGroup, has urged it to reject a £1.2bn takeover bid…
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DWS chief exec says greenwashing allegations and personal attacks were a burden, ‘especially for my family’
The outgoing chief executive of DWS will tell shareholders at its upcoming annual general meeting that greenwashing allegations made against…
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BlackRock to expand proxy voting to large investors in Canadian, Irish funds
BlackRock is expanding a recently launched programme that gives some of its largest clients a direct say in proxy voting,…
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Jupiter’s CEO choice draws criticism from former board member
Jupiter’s decision to appoint Matthew Beesley as its next chief executive is unlikely to “fix” the problem of its plummeting…
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How a small group of BlackRock analysts speaks for millions of investors
BlackRock casts votes on tens of thousands of proxy proposals a year. The responsibility rests with a team of about…
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Martin Gilbert’s AssetCo strikes deal for SVM to build Edinburgh hub
AssetCo, the deals company set up by fund management veteran Martin Gilbert, has snapped up Edinburgh-headquartered SVM Asset Management to help…
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Research Affiliates CEO calls crypto a ‘Ponzi scheme,’ questions ‘substance’ of blockchain
The chief executive of California-based asset manager Research Affiliates has called cryptocurrencies a “Ponzi scheme”, claiming bitcoin and the blockchain…
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Chase Coleman’s Tiger Global Continues To Carve Up Starry Group Stake
Summary The firm’s position was reduced by a combined 6.53%. The internet provider went public in March via SPAC. Starry…
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Jupiter CEO Andrew Formica to step down
Jupiter Fund Management’s Andrew Formica will step down as chief executive of the FTSE 250-listed asset manager later this year,…
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London Metal Exchange hit with complaint from $2.6tn hedge fund group over nickel fiasco
A formal complaint has been made by the Managed Fund Association against the London Metal Exchange over its cancellation of…
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Trading Places: Centerview nabs JPMorgan execs, Coinbase rescinds banker offers, BlackRock hires in ESG
Centerview Partners hired a pair of senior dealmakers from JPMorgan to cover the healthcare sector. Rakesh Mehta, who was most recently…
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BlackRock bolsters Emea sustainable leadership team
BlackRock has made several high-profile hires and promotions across its sustainable investing team in Emea — a region that has contributed…
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Charlie Munger’s Daily Journal Halves Alibaba Position
Summary The Chinese e-commerce company has seen its shares fall for more than a year. Munger’s company did not make…
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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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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…
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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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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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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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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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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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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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EQT’s Christian Sinding: ‘We were pushing on the brake and the gas pedal at the same time’
EQT had spent only a few months as a publicly-listed company when the Covid-19 pandemic struck in March 2020, forcing…
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Asset Management Awards 2021: the nominees
Financial News is pleased to announce the shortlists for the Asset Management Awards 2021. We will be releasing the names…
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Mobius hits back at Soros over ‘BlackRock’s China blunder’ comments
Emerging markets guru Mark Mobius has hit back at George Soros after the billionaire investor called a recent push into China by…
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Investors with $3tn target BASF in net zero push against big chemical firms
Investors overseeing more than $3tn in assets plan to increase engagement with some of the world’s biggest chemical companies over their…
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BlackRock’s Fink ‘ducking the fight’ over ESG, claims former exec
A former BlackRock executive has accused chief executive Larry Fink of “ducking the fight” over ESG, following claims that the…
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BlackRock, abrdn plus 123 others make the cut for tough ESG code, firms with £12tn AUM fail
A third of asset managers and other groups that applied to become signatories to a tough governance code for investors…
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DWS greenwashing probes shift fund industry into high alert
Asset managers are on high alert following probes by US and German financial regulators into the sustainable investment claims from…
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Cardano racks up record inflows as altcoins scale up during bitcoin’s downfall
Smaller cryptocurrencies are rising in prominence again as bitcoin posted its eighth consecutive week of outflows and newcomer cardano held…
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Goldman Sachs strikes €1.6bn deal for NN Investment Partners
Goldman Sachs has struck a €1.6bn deal to acquire the asset management arm of Dutch insurer NN Group, marking the…
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