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...Asset management giants BlackRock, Vanguard and State Street collectively control the shares of between 15 and 20 per cent of many S&P 500 companies, giving them significant sway over the outcome of proxy...
...To find shorter average maturity than the UK passive index-based products, you can widen your search to active management and global linker funds....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
Activity in futures contracts linked to cryptocurrency surges to record levels in January
...“The demand for metals and materials is poised to surpass all prior estimates,” it said....
Global inflows of $965bn last year was the second highest tally on record
...That has probably frightened people on the fragility of the markets,” said Ryan McIntyre, managing partner at Sprott Inc, a precious metals investor with more than $25bn in assets under management....
...Li made his name with ambitious dealmaking, including the £1.4bn acquisition of the London Metal Exchange in 2012....
...The corporate shape-shifting comes as it and competitors Blackstone and Apollo Global Management have also reoriented their operations in recent years to appeal to the tastes of stockholders....
...In November BYD management told Citigroup analysts they aimed for a market share of about 10 per cent in overseas markets excluding the US or Europe in the long term....
...In the weeks leading up to Glencore’s AGM in May, the company made a takeover bid for Teck Resources of Canada, a miner of coal used in steel making as well as base metals....
...Among those buying their shares was an exchange traded fund run by high-profile tech stockpicker Cathie Wood’s Ark Investment Management — ticker symbol PRNT....
...But the agencies at least have the nerve to tell powerful governments their economic management is poor. Fitch busted the US’s sovereign debt rating down from AAA, the highest, by one notch to AA+....
...Soon, sectors from cleaners and dockworkers to postal workers and metal-bashers had started sympathy action, stopping the company from unloading cars from boats or even receiving vehicle registration plates...
...“All Morningstar commodity categories showed outflows in the second quarter, but the main disinvestment took place in the group of precious metals products, with €1.6bn of outflows,” Morningstar analysts...
...Prices slipped back after testing the level several times throughout the week, but trading in options contracts linked to the metal suggest many investors are expecting a more sustained rally in the weeks...
...Embattled metals magnate Sanjeev Gupta’s Liberty Steel was also given surplus emissions allowances for a steel mill in Wales that was idled this year....
...Asset management houses need to make sure they have the relevant skills for today’s world....
...Moelis & Company has hired Jeremy Lane, Credit Suisse’s former head of metals and mining in Asia, as a managing director in Hong Kong....
...One metals, minerals and energy company, Sweetwater Royalties, owns or co-owns more than 1,000 sq miles in the chequerboard, including the Uinta Development parcel....
...“It’s almost impossible to start off as Warren Buffett: that takes years and years and years of people getting to know you,” said Rhys Williams, chief strategist at Spouting Rock Asset Management....
...Another approach is to go for funds linked to metals prices....
...The rival takeover offer is a setback for management at Gold Fields, which has fought to win over shareholders who believed it was paying too high a premium....
...A win for the resolution would have advanced the company’s strategy of separating its metals business from its steelmaking coal unit....
...Persistent shortages of lithium over the next decade will lead to fewer car sales and hit the cheaper end of the market hardest, the head of one of the biggest producers of the vital battery metal has warned...
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