Hints and tips:
...This principle of “mutual dependence” allowed the group to cut duplication and costs....
...PwC also forecast that the top 10 traditional asset managers will control half of all assets going into mutual funds by 2027, up from 42.5 per cent in 2020....
...For Barings, which was well established in both the US and European markets, the mass defection has caused ructions at its $33bn private credit division....
...He is a revolting, sweating mass.” At midnight, the remaining group toasted her 51st birthday. The following day, Odey behaved sheepishly towards her and barely said a word. She kept her distance....
...In many European countries, asset managers can pay financial advisers a commission to recommend an actively managed mutual fund....
...In 2016, following Russia’s annexation of Crimea, it added multinational battalions and battle groups of troops....
...“Every business house has to change,” Fidelity’s chief executive told the Financial Times in a 2019 interview....
...Funeral rights: Families of those killed in Israeli strikes on Gaza are being denied traditional funerals as the authorities resort to mass graves....
...Amina Mohammed, deputy secretary-general, said Sudan’s army and its rival paramilitary group were waging an indiscriminate battle for Khartoum, and she feared mass casualties....
...You may remember that Fico resigned as prime minister in 2018 after mass demonstrations sparked by the murders of journalist Ján Kuciak and his fiancée....
...In September, a bipartisan group of 18 state attorneys-general wrote to Biden requesting the change in policy....
...Nick Shaw, the group’s chief executive, told the Financial Times it was in “ongoing constructive discussions with the relevant authorities to try and resolve the situation”....
...Lawyers arrived in groups, trading gossip in hushed murmurs, occasionally breaking into laughter....
...Despite the “variable” moniker, VCCs can also have fixed capital, allowing them to cater to a diverse range of potential users including mutual fund groups, hedge funds, private equity, real estate firms...
...The vision is to turn back the clock to the days when crypto was the preserve of a small group of enthusiasts rather than something marketed as a mainstream financial product....
...It’s not mass closures, it’s not mass unemployment. It’s the UK slowly being squeezed over time out of high-value integrated European supply chains....
...Mass protests erupted, rather like earlier this month, in Tbilisi. Remarkably, the Soviet authorities backed down....
...In the capital, there is evidence that message has not been delivered, and vaccine clinics visited by the Financial Times remain empty....
...I’ve worked on dual- and even triple-listed IPOs, and even when there’s mutual recognition between countries (as in the EU), execution complications arise....
...Financial regulators have furiously denied last month’s news reports that the company was given permission to restart the IPO process and that it would soon receive approval of a new financial holding company...
...A smaller audience is also less attractive to brands seeking to target a mass market....
...When Ned Johnson finally retired in 2016, Fidelity managed $2.1tn directly, and was the third-largest US mutual fund group, behind only Capital Group’s American Funds and Vanguard’s fleet of dirt-cheap index...
...Analysts also cast doubt on a repeat of the “V-shaped” recovery of two years ago, when Chinese consumer spending recovered sharply following the world’s first outbreak of Covid-19 in the central city of...
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
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