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...US investment firm Harris Associates, which has more than $100bn in assets under management, “sold the stock last year as [we] lacked confidence that management could repair the business”, David Herro, the...
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...Allstate’s holding company just caught its second credit downgrade to BBB+, three tiers above junk, this time from S&P Ratings....
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...Investment trusts make up 27 per cent of the companies in the FTSE 350 index....
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
...“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....
...This relatively timid approach to active management is symptomatic of the broader European active ETF market thus far. “The market seems so far divided in two broad clusters....
...But the knock-on effects were often less than ideal, including a huge shrinkage of coverage for small and medium-sized companies....
...“The mutual fund has democratised investment....
...The fund is invested in about 9,000 companies worldwide, but seven US technology companies — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — account for about 12 per cent of its equity portfolio...
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...Enter the UK asset management sector, likely to provide a flicker of optimism this week with interest rates no longer rising and restructuring efforts moving apace....
...Blackstone has made repeated, but lower, offers for the company. Blackstone also part owns Hipgnosis Song Management (HSM), the manager of Hipgnosis Songs Fund....
...Management and Boaz Weinstein’s Saba Capital....
...“Diversification absolutely matters,” agrees Mark Haefele, chief investment officer of UBS Global Wealth Management. “You need to diversify geographically and across asset classes.”...
...The quarter was the first under Pick, whose background in investment banking and trading contrasts with predecessor James Gorman’s years in wealth management....
...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...
...According to Jefferies, this is the largest ever buyback programme by a UK investment trust, with £1bn representing 9 per cent of the Scottish Mortgage Investment Trust’s shares....
...Goldman Sachs’ asset management arm has bought a stake in private credit specialist Kennedy Lewis Investment Management, as it looks to expand its reach in a fast-growing corner of markets....
...Connor Teskey, the 36-year-old president of Brookfield Asset Management and the designated successor at the global investment firm, is also known as “the next Bruce” (Bruce Flatt is the chief executive officer...
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