Hints and tips:
...Alongside Ark’s poor performance and questions over whether her evangelism could misfire in Europe, Wood and Ark will need to overcome several hurdles....
...Fund manager M&G is to close its £565mn property fund following sustained outflows by UK retail investors looking to get out of the ailing real estate market....
...“I found the golden ark,” says Tina, smiling. “I woke up this morning and I thought there it is, but no one will believe me. And then I saw it outside and I said the tide’s on my side.”...
...Ark Invest CEO Cathie Wood on everything from deflation to Elon Musk Cathie Wood’s Ark sheds almost $50bn in assets since 2021 peak After the tech sell-off: will growth investors keep the faith?...
...M&G’s chief executive Andrea Rossi said the business “has what it takes” to push ahead as a standalone company amid speculation of a takeover approach from Australian group Macquarie....
...fund tops $300mn in fees despite losses (FT) Ex-Shell chief Ben van Beurden’s pay jumped to £9.7mn last year (FT) Uber is considering spinning off freight logistics division (Bloomberg) M&G chief bats...
...On the Sudan, there was always the sense, call it a suspicion, that if I turned my head suddenly from my G&T at the bar I might glimpse Poirot’s familiar silhouette mincing past the etched glass of the lounge...
...But it still owns Amazon and Alphabet, with Ark’s 3D Printing ETF its second-largest holding....
...Featuring names like Exxon, P&G, Home Depot and JPMorgan, this group represents a broad cross-section....
...John Foley is retiring as chief executive of UK savings and investment group M&G, which has struggled to find its feet since its demerger from insurer Prudential in 2019....
...M&G is partnering with Moneyfarm to provide direct investment services to UK consumers. Also out today in asset management land are updates from Quilter and Brewin Dolphin....
...Having spun off its British asset manager M&G two years ago, it has now done the same with its US business, Jackson....
...This may explain how, over in the US, Ark Invest’s space-focused ETF has held names such as Netflix....
...The pattern was repeated in Europe, with the $3.8bn iShares Automation & Robotics Ucits ETF (RBOT) seeing net outflows of $404m and $153m walking out of the door at the $1.3bn L&G Robo Global Robotics and...
...On its 35th floor is a space that feels like the map room from Raiders of the Lost Ark....
...Pru sails on into lucrative Asian and US waters, leaving M&G in post-Brexit doldrums....
...My large-cap holdings — the “three sisters” of Aviva, Legal & General, and M&G — are gently climbing....
...This week it introduced the world to Ark, a newly created subsidiary of the We Company, WeWork’s parent. Ark is raising funds to buy real estate which it will lease back to WeWork....
...Preparation includes “high G training”, which for the old-aged multimillionaires may put a little too much strain on the body....
...The $2.9bn fund, named Ark, will be structured as a subsidiary of WeWork’s parent company and count external investors among its backers....
...We award 8 points for an A* down to one point for a G for every kid’s GCSEs, then add up what they get in English, maths and their three best other subjects....
...Lena Komileva, G+ Economics: In short, no....
...Bart van Ark, Conference Board: It seems a bit early to cry victory as the austerity of last years will be leaving its marks on the economy for a while....
...Some cyclical factors (e.g. substitution of labour for capital investment) are likely to unwind, allowing some catch up....
...Lena Komileva, G+ Economics: At current household debt levels, the recovery is only sustainable as long as interest rates remain low....
International Edition