Hints and tips:
...It also sells technology used by thousands of institutional investors and financial advisers worldwide....
...The move follows deals in which big asset managers, including Ares, Franklin Templeton and PGIM, have increased exposure to the secondaries markets....
...In 2021, JPMorgan bought UK robo-adviser Nutmeg for $700mn....
...So that’s a real disadvantage to an active ETF,” says Johnson of Franklin Templeton....
...Like mutual funds, ETFs hold assets — just bitcoin, in this case — but they trade on exchanges like stocks and usually enjoy preferential tax treatment in the US....
...Ariel’s private equity arm is acquiring 52 per cent of Sorenson Communications from a consortium of existing investors led by Blackstone, KKR and Franklin Mutual Advisers....
...“In the wealth channel, [sales] is a blocking and tackling game,” said Jenny Johnson, the chief executive of Franklin Templeton....
...In many European countries, asset managers can pay financial advisers a commission to recommend an actively managed mutual fund....
...Fidelity International, Pimco, Axa, WisdomTree, Investlinx and Franklin Templeton are among other houses with inflows into actively managed ETFs....
...“The reality is that advisers are increasingly choosing ETFs, so it’s better to keep the money in house, rather than [advisers] putting the money into someone else’s ETFs,” he said....
...Alvarez & Marsal has named Chevron veteran Jay Johnson as senior adviser to its energy practice....
...That trio manages GMO’s $7.9bn Quality and $76mn Quality Cyclicals mutual funds, Morningstar data shows....
...Both were graduates of the Wharton School at the University of Pennsylvania where Rowan serves as the chair of the board of advisers. Rowan declined to comment....
...DD’s Sujeet Indap and the FT’s Josh Franklin have the details: most notably Orszag believes the firm can double its revenue and stock price over the next seven years based on the planks of his Lazard 2030...
...Investors voted with their wallets and a lot of advisers bypassed them completely.”...
...Fidelity Investments, meanwhile, expects to change six mutual funds to ETFs in June. And Franklin’s first in-house mutual fund-to-ETF conversion is set to take place this year....
...During the 2008 financial crisis, America’s largest bank was the saviour of choice for failing investment bank Bear Stearns and bankrupt mortgage lender Washington Mutual, the biggest ever bank failure....
...Yes of course, as it gives an unfair advantage to mutual funds.”...
...The SEC’s settlement involved two mutual funds and one separately managed account strategy....
...As a deal adviser, Handler specialised in working with technology hardware companies at Bear Stearns and later UBS....
...Reporting by Joshua Franklin, Eric Platt, Ortenca Aliaj, Antoine Gara and Brooke Masters in New York and Tabby Kinder and George Hammond in San Francisco....
...By the end of August, 99 per cent of mutual funds and exchange traded funds were trading at a loss for the year, according to State Street estimates....
...The SEC also recently proposed rules determining what language a mutual fund can use to describe itself as environmentally friendly....
...and editor of the Independent Adviser for Vanguard Investors....
...Institutional Shareholder Services, the largest proxy adviser, has recommended shareholders at Honeywell International vote against bonuses....
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