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...The classic principal and agent relationship — where an investor outsources management of their assets to an outside party — is rife with potential conflicts of interest....
...Its largest holdings included Alphabet, Canadian National Railway, Visa, General Electric and rating agency Moody’s as at the end of September, according to a regulatory filing....
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...Meanwhile, cutting the dividend and the provision makes some sense in terms of responsible financial management....
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...Millennium’s investment and the fact that Taula is seeking to launch with up to $5bn of capital were previously reported by industry information service With Intelligence....
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...Instead of receiving an annual management fee, the manager passes on all costs to their end investors, including staff salaries and bonuses....
...The cuts largely related to non-investment roles in areas such as technology and back-office services, the person added....
...There’s a private credit boom going on, and underworked, bonus-anxious investment bankers and their asset management colleagues are ON IT....
...While investors already have ploughed more than $7bn into the nine new products combined — mostly into ETFs from BlackRock, Fidelity, Bitwise, and Ark Investment Management — they have also pulled more than...
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...More recently, October’s cyber attack on the British Library has left the institution having to rebuild many of its digital services from scratch, with the public, scholars and students still unable to access...
...), or follow Michela on LinkedIn for updates about the show and more....
...“They were using consultancy services as cash cows and essentially the rating agencies are doing the same thing,” he says....
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