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...The companies have been discussing the venture for about six months, but have not settled on its brand name, management team or pricing....
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...thinking about it in terms of how do they feel about that same power, access, capability, control in the hands of TikTok’s parent in [the] Chinese government, and ultimately in the Chinese intelligence service...
...Few dissent from the view that a Labour government would soon be overwhelmed by economic forces....
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...Munster estimated that the potential changes the DoJ could force on Apple’s services business, should its lawsuit succeed, could have a negative impact on earnings of 2 per cent to 4 per cent....
...It was the smallest of Citi’s five divisions behind US personal banking, trading, services and wealth management....
Data suggests they make up 51% of assets and rebalancings can send billions sloshing through markets
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...In addition, reforms have introduced new friction, Balkanising service delivery in ways that does no one any favours....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
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