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Cyber risk takes on a new dimension as regulators hold employees responsible and hackers deploy the latest AI; political risk heightens for banks imposing sanctions on Russia; and liquidity risk prompts new rules in US bond markets
...Successfully traversing such terrain demands forecasting talent, which Ark Investment Management lacks.”...
...The management shake-up caps weeks of turmoil for the group after a door panel blew out mid-air during an Alaska Airlines flight in January....
...“Managing directors” who are not directors of any company and don’t manage anything. “Vice-presidents” who carry bags and take minutes. “Executive directors” who are mid-level bureaucrats....
...The move was widely seen as a landmark shift in corporate power from management to the board....
...If UK fund management has a Frankenstein’s monster then Abrdn best fits the bill....
...This mechanism assigns personal responsibility and establishes conditions for a company’s management to declare the crisis and initiate crisis management protocols....
...The company said revenue increased by 6 per cent to £199.7mn over the three months compared with a year ago....
...Jupiter could have also placed the money with other external funds run by rival asset management companies....
...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...
...Digital artworks of frogs vomiting rainbows and other cartoonish imagery have shown up in bitcoin wallets run by ETF providers, including Cathie Wood’s Ark Investment Management and Bitwise Asset Management...
...“Any suggestion that this regulatory approach should be changed lacks substantiation and could harm fund investors,” said the Investment Company Institute, which represents fund managers....
...on reform increased the risk of losing even more companies and investment to the US, and that policymakers needed to act now....
...Since 2020, more than 100 investment companies ranging from Elliott Management to Ark Investment moved their headquarters out of New York....
...); and company databases....
...Three more US regulators have opened investigations into how Morgan Stanley’s wealth management division handles potentially risky clients, according to a person familiar with the matter....
...This structure helps circumvent US regulations when globally significant banks, such as Crédit Agricole, own fund management companies. One can see the attraction for Amundi....
...That added risk not only for bondholders but also for investors in companies reliant on bonds....
...Goldman Sachs’ Petershill Partners, which owns minority stakes in alternative asset companies, has bought a stake of more than 20 per cent in private credit specialist Kennedy Lewis Investment Management...
...NRG Energy chief executive Mauricio Gutierrez has left the company, as the US energy group came to an agreement with activist investor Elliott Management....
...Some UK companies have pointed to higher valuations when choosing to list in New York rather than London....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...But the knock-on effects were often less than ideal, including a huge shrinkage of coverage for small and medium-sized companies....
...The company’s stock price is down more than 5 per cent in 2024, after a strong fourth quarter during which time it rose more than 25 per cent....
...Woodford, whose fund company Woodford Investment Management collapsed in 2019, said in a new blog that he hoped to shed light on the events that led to his fund’s demise....
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