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...Berruga’s resignation was followed by exits of executives including chief investment officer Jon Maier, chief operating officer John Belanger and head of finance Ronnie Riven....
...Maier left Global X after the ousting of former chief executive Luis Berruga alongside chief operating officer John Belanger and head of finance Ronnie Riven....
...other companies including Fidelity, Morgan Stanley and Dimensional Fund Advisors have asked the SEC for permission to follow suit with ETF share classes of their own mutual fund families, while TCW and F/m...
...I’m Marc Filippino and here’s the news you need to start your day....
...Meanwhile, F/m Investments has filed to launch mutual fund share classes of its ETFs, bringing to seven the total filing for a multi-share class structure....
...I’m joined now by the FT’s Will Schmitt. Hi, Will. Will Schmitt Hey, Sonja. Sonja Hutson So how much of its market share has BlackRock lost? Can you give us a sense of scale here?...
...“If I’m a small cap manager, I want to get my capacity before I tell the world what I’m investing in, because the world is going to front-run me and . . . move the market away from me....
...“I’m sure the bitcoin [bulls] will say the world is waking up to the reality of bitcoin, but given how nebulous the bitcoin ecosystem is, it’s hard to tell who’s buying and why,” said Jim Angel, faculty...
...“It’s not necessarily retail investors . . . saying ‘Active is terrible and I’m just going to go passive’,” Apkarian said....
...Reiner encouraged newer covered call ETF issuers to be “slightly creative” when designing products and said he was “not really against them, but I’m also not rooting for them”....
...What I’m most excited about is the long-term prospects. We are giving access to an entirely new market.” Additional reporting from Steve Johnson in London...
...Josh Gabert-Doyon Will Schmitt is the FT’s ETF reporter. Thanks very much, Will. Will Schmitt Always a pleasure. Thank you....
...Tesco veteran Jason Tarry will replace Dame Sharon White as chair of John Lewis and Waitrose....
...M&S and John Lewis, they will have to run faster.” M&S cannot afford distractions....
...John M JonesLondon N19, UK...
...The duo’s prosaically titled album, Liam Gallagher John Squire, duly went to number one in the UK on its release at the start of this month, but was this because of nostalgia and sentiment alone?...
...“Boys and girls [in the US] don’t grow up thinking, ‘I’m going to be a writer’,” he once said, “the way we’re told Flaubert did.”...
...Emeritus Professor Albion M UrdankUniversity of California, Los Angeles, US...
...I’m Lilah Raptopoulos, and this is our Friday chat show. Today we are talking about High & Low, a new documentary about the fashion designer John Galliano, directed by Kevin Macdonald....
...If I’m out there as a citizen, I’m able to work with whoever I choose to work with in order to help accelerate this [transition away from fossil fuels].”...
...“I’m a singer, the geezer at the front.” He proves a willing foil for the songs that Squire has written....
...I’m very content that I did that for her. But it’s impossible for me to perform live. I’m tearing up now, even talking about it. It’s the hardest thing to have to let go.”...
...I’m happy to report that Mr Martin makes a mean martini — I guess the clue is in the name....
...Waitrose is only slightly ahead of M&S in the grocery market, with a 3.6 per cent market share this month versus the latter’s 3.4 per cent, according to data provider NIQ....
...Lilah RaptopoulosShout out to John Grisham. Andrew DicksonYeah. Well, I mean, John Grisham. We need to talk about John Grisham....
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