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...The New York City and Massachusetts retirement systems, for example, said that they vote based on their own guidelines. However, many do hand off responsibility....
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...That amounts to one-third of all flows into US active bond funds and makes Capital one of the largest active bond fund managers....
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...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
...And its retirement business has continued to grow, with record inflows into its target date funds this year. Two-thirds of T Rowe’s assets are now retirement related, Sharps said....
...As thanks, a portion of shares in the upcoming initial public offering will be reserved for those who contribute to its communities. What they will not be given, however, is control....
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...And you typically see them used in retirement portfolios....
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...In many European countries, this model is seen as a cheaper alternative to private retirement communities....
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...A quasi-novelistic saga of the streets, it continues to immerse us in a fragile community and to probe failing social systems....
...Dimensional, which manages $614bn globally, is the second active fund manager to file for the patent, but it dwarfs the first applicant PGIA, the US arm of Australian fund manager Perpetual....
...“Statistics around performance of active managers is still no different to what it was 12-odd years ago, when we were just starting the business....
...Although Calamos has no other active filings at present, more launches are planned....
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...The “My AI” chatbot, powered by OpenAI’s ChatGPT, was launched in February to subscribers of Snap’s premium service, but will now be offered to all of the app’s 750mn monthly active users....
...But in the business community, it’s been a very, very delicate issue....
...Iceland may be an outlier in the UK, but companies have been much more active on this front across the Atlantic....
...At the same time, Hollywood’s longtime de facto leader, Disney’s Bob Iger, was heading towards his shortlived retirement, leaving a spot open for someone to step into his shoes....
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