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New York City comptroller accuses $9.4tn asset management group of giving in to ‘war against ESG’
...“We are going to have a ‘world is not flat’ moment, when asset managers are going to realise we are not prepared to help people draw down,” said Bill Meyer, CEO of Retiree Inc, a retirement planning software...
Testimony in New York case pitting wealthy oligarch against the famed auction house has shed new light on high-end transactions
Dmitry Rybolovlev is seeking millions of dollars from the auction house for prices he claims were inflated
Dmitry Rybolovlev is seeking millions in damages over the purchase of famous works
Dmitry Rybolovlev had accused auction house of conspiring to overcharge him for works by da Vinci, Klimt and others
Growth for active manager, which has $1.4tn under management, not expected to turn positive until 2025 at the earliest
KKR, Blackstone and Stonepeak are among managers with ambitions in nascent sector
Fintechs face daunting task in taking business from the ‘800lb gorilla in the room’
T Rowe Price, Franklin Templeton and AllianceBernstein are among fund groups hit by higher interest rates
...never going to be as big a blockbuster as industry wanted and they don’t necessarily save money for Medicare [the federal health insurance scheme],” said Robert Przybelski, a geriatrician at UW Health in Madison...
...When he sat down with Madison for Lunch with the FT last year at Le Bernardin, he made his reservation under the pseudonym Hank Paulson....
Asset manager joins BlackRock in cutting support for investor resolutions it considers ‘overly prescriptive’
Trading in bankrupt US retailer’s stock has continued in ‘mutation of meme stock phenomenon’
...Brian Wieser, principal at advertising consultancy Madison and Wall, said the new data is “not very usable from an advertiser perspective.”...
...Ardonagh is owned by Madison Dearborn and HPS Investment Partners....
...Additional reporting by Madison Darbyshire in New York...
New York-based $9tn asset manager cites ‘teaching moments’ and ‘market-moving moments’
Failure of Silicon Valley Bank prompts flight to likes of JPMorgan and Citi
Champion of low-cost trackers warns against expecting superior returns from ESG funds and alternative strategies
World’s largest asset manager to shed staff as industry braces for tough 2023
...Additional reporting by Madison Darbyshire...
...Located at the corner of Madison Avenue and 75th Street, it was designed by Marcel Breuer and completed in 1966....
...Our mainFT colleague Madison Darbyshire wrote an excellent summary of Schwab’s woes here, which Unhedged’s Rob Armstrong riffed upon with aplomb here....
...Brian Wieser, an advertising analyst and principal at Madison and Wall, said seeking new revenue streams through the introduction of a paywall for access to its application programming interface, or API,...
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