Hints and tips:
...JPMorgan Asset Management, Pimco and State Street Global Advisors this month announced they would leave Climate Action 100+, an initiative to encourage companies to take action on climate change....
...Whether by coincidence or by design, one of the vessels in Gatik’s fleet is called the Buena Vista. The name of its registered owner in the Marshall Islands: Social Club Inc....
...Diageo has appointed John Manzoni, the former head of the UK civil service, as chair from February next year. He will replace Javier Ferrán....
...Five unmissable stories this week Departing US climate envoy John Kerry has accused asset managers of “turning away from science” just weeks after JPMorgan Asset Management, Pimco and State Street Global...
...First Citizens is suing HSBC for $1bn over the hires, which it claimed was a scheme to strip a competitor of top clients and confidential information....
...“The scale of the cyclical reset in terms of real estate valuations is as big as the early 1990s or the global financial crisis,” said Alex Knapp, chief investment officer for Europe at $100bn global private...
...The challenge to mutual fund dominance has been brewing since State Street launched the very first US ETF in 1993, an S&P 500 tracking fund known as SPY that now has $500bn in assets....
...some of the world’s largest institutions as their clients....
...According to the US Treasury, he is the person who acts as an advisor to Iran on financial matters....
...Take a look at this: Strictly speaking, the Fidelity 500 Index Fund is not an ETF like State Street Global Advisors’ SPDR S&P 500 ETF Trust (or BlackRock’s iShares Core S&P 500 ETF or Vanguard’s S&P 500...
...Jordan (a minor investor in Premier League team Bournemouth) and Main Street Advisors are coming in too....
...Results: Burberry Q1 trading update, Citigroup Q2, JPMorgan Chase Q2, Liontrust Asset Management Q3 trading update, State Street Q2, UnitedHealth Group Q2, Wells Fargo Q2 World events Here is a rundown...
...Citigroup has promoted Flavio Figueiredo to global head of foreign exchange, based in New York. Houlihan Lokey has agreed to acquire 7 Mile Advisors....
...One thing to start: The new owner of Silicon Valley Bank is suing HSBC and several former employees for more than $1bn, claiming the group “engineered a scheme to plunder” SVB of top bankers and confidential...
...McKinsey to cut up to 2,000 jobs McKinsey could cull as many as 2,000 back-office staff as the global consulting firm embarks on one of the largest rounds of redundancies in its history....
...One scoop to start: Liberty Global, the US group chaired by “cable cowboy” John Malone, has bought a nearly 5 per cent stake in Vodafone, as it bets that forthcoming deals and restructuring will revive the...
...Pavel Karpunin, the CLS partner, said he could not comment on the details of confidential client work, but said the firm was “shocked” when Prigozhin admitted to founding Wagner....
...State Street Global Advisors has seen inflows of $35bn into its cash funds this year including $15bn in the second quarter....
...But that’s different from liquidity for delivery — as you can tell from the state of withdrawals....
...Ron O’Hanley State Street’s CEO is an asset management veteran, having joined in 2015 to initiallylead its investment arm State Street Global Advisors from Fidelity, where he ran the rival Boston outfit...
...US officials — as well as hundreds of Chinese companies and global investors that own about $1.4tn of their shares — are hoping that Beijing’s rare concession is for real....
...Large State Street clients who put their assets in separately managed accounts can already vote their own shares, and the firm is exploring ways to expand that to institutional investors who put money in...
...Former Blackstone managing director Kris Mastronardi has joined hedge fund King Street Capital Management as its global head of strategy based in New York....
...The bankruptcy filings state Bankman-Fried and Wang “controlled access to digital assets” at FTX and used “an unsecured group email account . . . to access confidential private keys and critically sensitive...
...Archard, who was recruited from State Street Global Advisors in February to head the push, said a “significant event” in AB’s ultimate conversion to ETFs was a SEC ruling in 2019 that simplified and accelerated...
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