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Related Special Reports
...It is down nearly 17 per cent since January 1 as top holding Tesla has fallen about 37 per cent this year....
...British billionaire David Harding’s Winton had gained 13 per cent in its diversified macro fund, according to a person who saw the numbers....
...See Section 17, reproduced verbatim below....
...fund deals....
...Labour party donor Gary Lubner moved to the UK 35 years ago, rather than 13 years ago as incorrectly stated in February 17/18’s FT Weekend Magazine....
...The $13.3bn in withdrawals includes last week’s announcement by the Texas Permanent School Fund that it would pull $8.5bn at the end of April, the largest removal to date by Republican-run pension funds....
...Last Friday’s non-farm payrolls for March came in at 303,000 — almost 100k stronger than expected....
...Net flows into ESG ETFs totalled €7.1bn in the first quarter, down from €13.8bn in the previous three-month period....
...Mentioned in this podcast: EU’s sanctions regime in turmoil after oligarchs win legal battle Managers to shut or convert $220bn of US money market funds before rule change US allies urge Iran not to retaliate...
...Shares in French luxury group Hermès fell 2.9 per cent despite a 17 per cent jump in the company’s revenues in the first three months of the year....
...Net new business of £23.1bn from wealth management, private markets and solutions was offset by outflows of £13.4bn from mutual funds and institutional mandates....
...Earnings per share were $1.89, up from $1.17 last year and exceeding the average $1.53 estimate....
...And actually the small increase in terms of return that you get on a prime fund versus a government-focused money market fund, maybe the stakes aren’t worth it in terms of all the administrative work and...
...The so-called temporary permissions regime allowing existing EU-regulated fund providers to market their funds in the UK only applied to incumbents....
...The discounts have led to fund managers, wealth managers and peers to call for a change in the way investment trust fees are reported to investors....
...Hong Kong Exchanges and Clearing reported a 13 per cent fall in profits for the fourth quarter on the back of subdued trading and fewer new listings....
...The 11 funds now hold 303,000 bitcoins, according to K33 Research, worth $18bn and equivalent to about 1.5 per cent of the total bitcoin supply....
...It was a sign of the times at the end of last year when the amount of assets invested in US passive funds reached $13.3tn, according to Morningstar, just pipping the $13.2tn invested in active funds....
...As part of the move, Calpers will increase its bet on private equity from 13 per cent to 17 per cent of its portfolio, although this could potentially rise as high as 22 per cent....
...CVC raised €250mn in fresh capital by issuing 17.8mn new shares, while existing shareholders in the business including CVC co-founder Donald Mackenzie and the sovereign wealth funds GIC, the Hong Kong Monetary...
...The maker of Birkin and Kelly bags said sales rose 17 per cent on a like-for-like basis in the first quarter to €3.8bn, beating consensus analyst expectations of 13 per cent growth, and giving it the industry...
...At the end of December, passive US mutual funds and ETFs held about $13.3tn in assets while active ETFs and mutual funds had just over $13.2tn, according to data released by Morningstar....
...The court said it had ordered the seizure of all funds in JPMorgan’s accounts in Russia but not securities and other property including the domain jpmorgan.ru. VTB filed its lawsuit on April 17....
...Funds that invest in UK companies have had 34 straight months of outflows, according to research by investment bank Peel Hunt....
...Management said the rest of the funds would be “invested in operational capability, enhancing future growth prospects, and improving gross margins”....
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