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...Ryan O’Connor will take over on April 8 after spending seven years with Goldman Sachs Asset Management, most recently as global head of ETF product, the company said in a statement....
...“We must insist that the company and its advisors make themselves available for a meeting with Akin and Jefferies,” the bondholders’ representatives wrote in the letter sent on Thursday, which was also addressed...
...The CFPB last month finalised a rule that slashes the largest credit card issuers’ late fees from an average of $32 to $8. The measure is being challenged in court....
...The US ETF industry now has a record $8.9tn of assets under management....
...Anthony Silverman Partner, Apella Advisors, London W1, UK...
...In the US market, where JPMAM is the number two player to Dimensional Fund Advisors, active ETFs held $530bn of assets at the end of 2023, according to Morningstar, 8.5 per cent of a broader ETF market once...
...Only three of the eight banks — NatWest, Barclays and Santander — gave data for account closures related to their “risk appetite” at 1.4 per cent, 4.8 per cent and 10.2 per cent, respectively....
...People familiar with the matter told the Financial Times last month that the London-based hedge fund had arranged Johnson’s controversial visit to Venezuela....
...Former JPMorgan banker Maarten Petermann, who co-founded London-based investment firm Merlyn Advisors, set up the trip, the Financial Times reported last week....
...State Street Global Advisors has warned investors they may face additional costs due to the firm’s approach to the upcoming change to T+1 settlement in the US....
...State Street Global Advisors is cutting fees on two of its exchange traded funds in Europe to 3 basis points, making them “even more accessible and affordable”....
...The US economy is now 8.2 per cent larger than it was in the fourth quarter of 2019, against the eurozone’s 3.5 per cent gain, Japan’s 2.8 per cent and the UK’s 1.1 per cent....
...It is the sixth US asset manager to do so, joining Morgan Stanley, PGIA (the US division of Australia’s Perpetual), Dimensional Fund Advisors, Fidelity and First Trust....
...Shimao recorded 2023 revenues of Rmb59bn ($8.2bn), down 5.7 per cent on 2022....
...The firm’s main fund is up about 1 per cent this year to October, while Millennium has returned 8.3 per cent in the same time period....
...Just three providers control about 75 per cent of the assets in US exchange traded funds these days: BlackRock, Vanguard, and State Street Global Advisors....
...The unemployment rate also dropped unexpectedly, to 3.8 per cent from 3.9 per cent, according to the Bureau of Labor Statistics....
...It was first authorised by the Financial Conduct Authority in 2019....
...In January 2014, Stifel Nicolaus and Stifel Independent Advisors, both St....
...It also applies to European financial regulators....
...BlackRock will cap the fee on its $10.3bn iShares Broad USD High Yield Corporate Bond ETF at 8 basis points, the firm disclosed on Tuesday....
...Fidelity leads the pack of managers with the most conversions at 12, followed by JPMorgan with eight and Dimensional Fund Advisors with seven, Morningstar Direct data shows....
...This was once a relatively simple process when dealing with a low-cost passive ETF product from Vanguard, iShares and State Street Global Advisors....
...In a 28-year PwC career, Griggs has been an auditor and advisor focused on financial services clients, including as lead auditor of Goldman Sachs....
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