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Reduced participation means none of top five money managers fully back Climate Action 100+
Discussions about a possible strategic partnership foundered over two firms’ competing visions
...When pressed on the issue, asset managers in the US now emphasise that they are service providers....
...Other financial services companies are also experimenting with AI tools both internally and for clients....
Finra proposal would allow performance projections in marketing to wealthy and institutional investors
...Apple introduced spatial audio to its music streaming service in 2021, at no additional cost to subscribers. Amazon’s music service also offers spatial audio....
...Masters champion Jon Rahm became the latest star player to ditch the tour for LIV in December....
...Moderna paid $1,053,767 for security services to Stéphane Bancel, after not disclosing any security payments for him the previous year....
Bluebell Capital Partners seeks more oversight of the money manager’s approach to sustainable investing
...Fink also said BlackRock was seeing “accelerating momentum” because it was winning new business from “marquee” clients for its technology, retirement and portfolio management services....
...Mark Loughridge, Vanguard’s lead independent director, praised Buckley for leading the group through “a period of unprecedented innovation, growth, and transformation, building high-value-added services...
...The history of combinations in financial services is littered with examples where the prized assets quickly walked out the door....
Large asset managers will end up on the wrong side of history, Washington envoy says
Reorganisation takes aim at money management industry’s poor record of innovation
...“He is not a ‘master of the universe’ persona, but at the same time, don’t try to fool Bayo. He will shred you to pieces,” Chenault said....
...Payment services company Magnati was spun out of First Abu Dhabi Bank and is now majority owned by Canadian private equity giant Brookfield....
Larry Fink and Adebayo Ogunlesi are betting on infrastructure investments to drive private markets
Deal would create world’s second-biggest infrastructure firm and shake up private market investing
Fink and Kapito say headcount will increase this year as firm invests in technology and new offerings
...The tech company in August said the service had exceeded $10bn in deposits....
Fund firms under pressure as investors move into low-cost, high-yielding money market funds
Funds could start trading as soon as Thursday after months of anticipation and pushback
Vivek Ramaswamy and Ron DeSantis attacked US asset manager in effort to bolster ‘anti-woke’ credentials
...O’Leary shows a dedication to the craft that once again makes him Alphaville’s 2023 Swear Master. . . ....
...That’s because the works of contemporary artists such as Warhol and Jean-Michel Basquiat could now become collateral for half a billion dollars of asset-backed securities, alongside paintings by old masters...
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