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...H2O Asset Management’s auditor has warned that the firm’s accounts “do not give a true and fair view” of its financial position, handing the once high-flying investment group a rare “adverse” opinion....
...Its credit funds returned 13.3 per cent over the past year net of fees. The company’s shares have risen almost 75 per cent over the past year, outpacing the benchmark S&P 500’s 22 per cent gain....
...SSGA’s Luxembourg Sicav umbrella fund has a number of US equity and bond sub-funds....
...“There are 1,200 names between the funds and the overlap between them is almost non-existent. It’s almost like a psychology test for a world view.”...
...Graham Capital Management is planning to expand to New York after decades as a Connecticut-based hedge fund, in a vote on the future of America’s financial capital following an exodus of investment firms...
...But this fund has done noticeably better than its Russell 2000 benchmark, despite being basically a passive fund....
...Still, total returns on units in Axa Framlington’s biotech fund have risen close to 10 per cent over three years and Polar Capital’s biotech fund is up nearer 20 per cent compared with the S&P Biotech index...
...Luxembourg-based Alter Domus, which was founded in 2003 and has about 5,000 employees, provides a range of services to fund management groups including handling administrative and compliance issues....
...Wall Street’s blue-chip S&P 500 index captured its highest share of global equity exchange traded fund flows for at least a decade last year, as the rise of the so-called Magnificent Seven reshaped benchmarks...
...Tracking these indices would have paid off over one and five years, but — and in contrast to the S&P 500 or Euro Stoxx 50 — lost money over three years....
...UK-based Legal & General Investment Management, which supported a recent health-focused resolution at Nestlé, is among the major asset managers emphasising health this AGM season....
...Lake is to take up a position with Goldman Sachs Asset Management, where Mike Crinieri, global head of ETFs, left earlier this year, according to a source close to Goldman....
...I bought an S&P 500 fund a few weeks later, selling again in September for a tidy 12 per cent profit. I felt smug after share prices dropped almost a tenth over the subsequent two months....
...US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have...
...Weschler, 61, started out as a junior financial analyst at WR Grace before helping to start private equity group Quad-C Management, then launching his own hedge fund in 2000....
...The inflows marked a reversal from the first quarter as investors pulled money out of passive funds while the benchmark S&P 500 repeatedly hit record highs....
...Year-to-date things are looking only slightly better, with US equity long/short hedge funds trailing the S&P 500’s continued surge by about one percentage point. That’s all fine....
...Blackstone and Goldman Sachs Asset Management declined to comment....
...The move made sense: as the index fund price war has intensified, more and more of the cost of a fund is actually consumed by licensing brand-name indices like the S&P 500....
...Their absence is a painful reminder of the G20’s Common Framework’s ineffectiveness....
...Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third....
...Because “FCI has a lot of capital put to work,” the suite of funds does not dabble in the individual policy market but, instead, “only purchase[s] portfolios of policies from existing investors . . . that...
...Last week the European Fund and Asset Management Association warned that the looming changes to the time it takes to settle trades on Wall Street pose a “systemic” risk to currency markets....
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...BlackRock Riyadh Investment Management will be a wholly owned subsidiary of the $10.5tn US asset manager....
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