portfolio
- Finance
Pensions for Purpose’s Charlotte O’Leary: Can white, male, over-50 trustees represent a fund’s youngest members?
Charlotte O’Leary was fed up — she’d spent over a decade at large asset management firms and investment consultants. She was…
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Morgan Stanley plans to reduce one gigaton in carbon-dioxide emissions by 2050
Morgan Stanley has formed a new growth-capital strategy that aims to invest $1bn to back companies that will seek to…
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Trading Places: Evercore and BNP bulk up, Rokos bags ex-Brevan Howard manager
Evercore hired Richard Hoyle from Lazard, where he headed the independent investment bank’s UK technology, media and telecoms business. He joins as…
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Asset managers urged to tap retail, private markets amid expectations of global growth slowdown for years
Growth across the global asset management industry is forecast to slow significantly over the next decade, with fund houses advised…
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Fund managers yank Ethereum holdings over regulatory jitters
Fund managers have been dumping digital currency ether from their holdings amid worries that heightened regulatory scrutiny may blunt the digital currency’s expansion.…
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The Fintech Files: Crypto funds dumped Ethereum after the Merge – here’s why
The Ethereum Merge might be complete, but it’s not caused investors to pile into the asset as much as some…
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Mohnish Pabrai Buys Brookfield Asset Management
Summary The guru entered a 180,303-share position in the investment management company. He did not make any changes to his…
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Ex-Brevan Howard portfolio manager Luke Sadrian joins Rokos as partner
Rokos Capital Management hired former Brevan Howard portfolio manager Luke Sadrian as an investment officer and partner as part of a commodities…
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Ex-BlackRock executive says ESG investment model is broken
Terrence Keeley had been at BlackRock for about a decade when he reached a contrarian conclusion: ESG doesn’t work. Keeley spent much…
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BlackRock reports 16% profit drop amid souring market
A souring market weighed on investing giant BlackRock in the third quarter, pushing profit down 16%. The world’s largest asset…
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Coinshares, Metaco bosses brace for 18 months of crypto ‘suffering’
Hopes that the crypto winter will soon thaw are looking increasingly remote, chief executives tell Financial News, as many prepare for…
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Crispin Odey soft closes flagship hedge fund after major pound and coal wins
Crispin Odey has closed his flagship European hedge fund to new investments after scoring big wins from shorting the pound in the…
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Warren Buffett Enters Stake In Taiwan Semiconductor, 2 Other Stocks
Summary In addition to Taiwan Semiconductor, Buffett bought Louisiana-Pacific LPX and Jefferies. He sold out of STORE Capital STOR .…
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The Fintech Files: FTX fallout, MPs make Binance squirm, and crypto sector full of ‘f****** sociopaths’
It’s been seven days since Sam Bankman-Fried said: “FTX is fine. Assets are fine.” Many things remain unclear, but one thing…
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The 13 private capital leaders who made FN’s most influential women list
Twelve of the 100 most influential women in finance work in private capital, according to Financial News‘ annual rundown of the women shaping the…
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The Fintech Files: Institutional money will ‘drag us’ out of crypto winter, FCA goes on a hiring spree
Highlights from London’s Digital Asset Summit on 17 October included David Mercer, the chief executive of LMAX, talking about the…
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Former Microsoft boss bets $400m on Black private equity managers
Steve Ballmer has made a big bet on Black private fund managers, aiming to back top-flight investment talent while helping…
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FCA targets asset managers as ESG funds review kicks off
The Financial Conduct Authority is probing how asset managers have implemented the regulator’s ESG principles — a move that could eventually lead to…
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Jupiter CEO says institutional push paying off as outflows slow to £600m
Jupiter Fund Management’s new chief executive said the firm’s strategy of targeting institutional clients has started to pay off, as…
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Meet the BlackRock team that heads of state turn to in a crisis
BlackRock chief executive Larry Fink spoke last month with Ukrainian President Volodymyr Zelensky, extending an offer to help. By videoconference,…
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Hedge funds stay cautious on pound bets amid fears of more political volatility
The pound’s spike on 20 October after UK prime minister Liz Truss’ exit turned out to be a dead cat…
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Goldman Sachs, PwC, Schroders and more sign up to give disabled students paid work experience
A slew of top City firms have thrown their weight behind the latest initiative from diversity charity 10,000 Black Interns by offering…
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London-based hedge funds still hiring despite challenging market conditions
From technology graduates to portfolio managers, London-based hedge funds are looking for top talent despite job cuts across other sectors. Brevan Howard…
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FCA forces funds to drop ‘ESG’ labels in greenwashing crackdown
Asset managers could soon be forced to remove ESG and sustainability branding from their funds if they fail to meet…
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Crypto hedge fund Strix Leviathan taps BlackRock’s Matthew McBrady to head strategy
Quantitative crypto hedge fund Strix Leviathan has named BlackRock’s former chief investment officer Matthew McBrady as strategy head. In the…
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How one of London’s newest hedge funds might win big on rising rates
A new London-based hedge fund has its eyes on rising rates as its “biggest opportunity” after launching last week. Andromeda…
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LGIM’s Justin Onuekwusi on diversity, role models, and inclusive asset management
Justin Onuekwusi didn’t have any Black role models when he was coming up in the investment industry. The first time…
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Sir Nigel Wilson: What the world needs from COP27
Sir Nigel Wilson is chief executive of Legal & General Global leaders have faced serious geopolitical challenges and market upheavals…
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FTX crisis bruises BlackRock, VanEck: ‘Crypto industry will need to work twice as hard to rebuild bridges’
Investors in BlackRock’s and other firms’ crypto products saw values plunge on 9 November as the embattled digital assets industry…
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Vanguard to kick off proxy voting pilot for US index fund investors
Vanguard, one of the world’s top three largest asset managers, will begin a trial next year to give individual US…
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EdenTree boss Andy Clark: Why ESG labels worry me
Andy Clark joined ESG-focused EdenTree Asset Management as chief executive in September 2020, after eight years overseeing HSBC Asset Management’s UK…
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BlackRock’s Larry Fink hails ‘new era for shareholder democracy’ as investors get more voting choice
BlackRock boss Larry Fink said that giving investors more say over how their votes are cast at shareholder meetings could have…
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Trading Places: Credit Suisse’s risk overhaul, Bonham Carter leaves Jupiter, Deloitte revamps board
Credit Suisse shook up the senior ranks of its risk management team as it embarks on a radical overhaul of its…
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How Fidelity’s crypto trading launch could threaten Coinbase and Robinhood
Fidelity Investments is launching a platform for retail investors to trade cryptocurrency, a competitive push by the asset manager into…
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Europe’s fund houses lead the low-carbon transition, but that’s not enough
Naïm Abou-Jaoudé is president of European Fund and Asset Management Association and chief executive of Candriam The annual Conference of…
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