Hints and tips:
Related Special Reports
CEO projects share of sales will double as companies integrate technology into operations
...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Adverse audit opinions are rarely given to large companies or financial firms and indicate that accounts have such material and pervasive issues that they cannot be relied upon....
...Over the past decade, Apple has been expanding its use of recycled materials in its devices to reduce its consumption of such metals and minerals....
...Activist investor Sparta Capital Management is calling on London-listed engineer Wood Group to consider a US listing to address the “continued underperformance of its shares”....
...Whenever there’s a study that dunks on active portfolio management, we’ll be here to cut and paste. Today’s active management dunk comes from Morningstar....
...These caps would limit management’s ability to isolate key corporate assets and give new lenders better security than existing lenders, while still permitting some flexibility....
...Two of the people said that Elliott’s position was relatively small and it was still evaluating whether to build it to a more material holding. Elliott declined to comment....
...“The management changes aren’t overly surprising, but the material weakness is a tough headline and contributed to the sell-off post close today,” wrote KBW analysts in a research note on Thursday....
...“China has built an industry that can produce excellent cars at truly remarkable price points almost all through the range of products,” said James Anderson, a managing partner at Lingotto Investment Management...
...Dell’s family office, DFO Management, has agreed to provide the first outside capital to 5C Investment Partners....
...Construction materials group Breedon has had an eventful 12 months....
...The petrochemical glut has piled pressure on recycled plastic manufacturers, which are struggling to compete with far cheaper virgin materials....
...Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third....
...Morgan Stanley Investment Management has filed to adopt Vanguard’s exchange traded fund multi-share class structure, becoming the fifth in line to seek approval to do so....
...Also not enjoying the irony are historians — because politicians’ WhatsApps are part of a broader and deeper problem for archive management and public understanding of records in the digital age....
...After which Citi falls back on the classic “hedging with bitcoin” material: A lengthy disclaimer follows, explaining that Citi’s crypto valuation models are “for informational purposes and to assist readers...
...The Feds said that the executive held material non-public information about Incyte — that it would benefit from merger speculation — which he had a duty not to trade on....
...The PIF has sued the four consulting firms in Saudi Arabia to prevent them turning over much of the material that the subcommittee wants, winning an effective injunction in the domestic courts....
...“We tested hundreds and hundreds of materials. It has just not been possible to find a material like that.”...
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...Shares in New York Community Bancorp meanwhile fell by a quarter on Friday after the regional lender delayed its annual report, saying it had found material weaknesses in the internal controls that guide...
...It relied on board oversight and disclosure of material risks and opportunities, including those that were climate-related, Karen Wong, head of sustainable investing, said....
...At the end of March, assets under management in European ETFs stood at €1.81tn, up 10 per cent on the previous quarter....
Passive beneficiaries, aggressive margins
International Edition