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...Two procurement officials who spoke to the Financial Times said some leeway remained to buy computers with foreign processors and Microsoft Windows....
...The world’s largest money manager said in a memo to staff that it has used generative AI to construct a “co-pilot” for its Aladdin and eFront risk management systems....
...Rokos Capital Management, which manages about $16bn of assets, is up 8.8 per cent in 2024 to February 16. It told investors that the gains were largely driven by the recent sell-off in bond markets....
...“Much of the friction of understanding bitcoin and doing the work on bitcoin asset managers was done in 2021,” reckons Steve Kurz, global head of asset management at Galaxy, referring to the private bitcoin...
...The world’s largest money manager has used generative AI to construct a “co-pilot” for its Aladdin and eFront risk management systems....
...The group, which includes Brook Asset Management and Odey Wealth, will be closing. Fund managers and funds have moved to new asset managers....
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...Increasingly the US asset manager he heads is the star around which the digital assets solar system orbits....
...Trustees have also warned that industry moves to make the financial system more resilient could yet lead to unintended consequences....
...“The global financial system is at an inflection point, with macroeconomic trends driving a sector transition that requires scale capital and deep operating expertise,” Kalifa said....
...At the same time, employers who sponsor defined contribution plans and the asset managers who run them are waking up to the financial advantages of keeping retirees’ assets in house....
...Update: The point of my book, Fault Lines, was that it was not so much bad actors but bad systemic incentives that took the financial system over the cliff during the global financial crisis....
...The shift “echoes the price discovery that is taking place in the traditional financial system, in particular in equities where ETFs are more prevalent,” he said....
...In a letter to clients on Tuesday and seen by the Financial Times, Odey Asset Management said the funds it is aiming to shift include Brook Continental European, Brook European Focus, Brook European Focus...
...One good read The risks of management by “hard numbers.”...
...Odey European Inc, the firm’s flagship fund, and OEI Mac have had a high volume of redemption requests, prompting Odey Asset Management to suspend them, according to two people close to the firm....
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
...Flynn will retain another role as co-head of private wealth management, and succeeds Kim Posnett....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...A more benign while still realistic view comes from Gene Munster of Deepwater Asset Management....
...Musk’s stock-based incentive plan was originally valued at $2.6bn, but it was tied to Tesla’s financial performance and today is worth $56bn....
...The partners who now control Odey Asset Management have moved to impose order on the situation....
...As a February Morgan Stanley Asset Management report put it: Index concentration has historically proved self-correcting, with some combination of regulatory, market and competitive forces, along with business...
...In today’s newsletter: Asset management M&A kicks off Changing risk factors for Chinese IPOs Morgan Stanley’s settlement ‘Apple’ and ‘Banana’: The making of a signature Wall Street deal Larry Fink has...
...“He surely knew it was coming this week,” said Gene Munster at Deepwater Asset Management. “Apple is going to war with the DoJ, and settlement is not an option.”...
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