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...Picking up the baton from the Oscars-festooned Christopher Nolan and his three-hour epic Oppenheimer is filmmaker Brian Knappenberger....
...It’s the same idea that led to Robert Oppenheimer’s development of the atomic bomb....
...“But now there are pockets of Europe that are doing very, very well,” said Oppenheimer....
...Platt, currently chair of Dechra Pharmaceuticals and a non-executive director at Tesco, will join new chief executive Dan Olley as he attempts to turn round the fortunes of Britain’s largest funds supermarket...
...“The revenues [from investment banking] are still going to be weaker-ish,” said Chris Kotowski, banking analyst at Oppenheimer....
...“Buy what you know” was a keystone of his investing philosophy — one that earned the Fidelity Magellan fund a benchmark-beating 29 per cent annualised return under his 13-year stewardship....
...— The prominent board member of a $50bn hedge fund with an educational appendage has quit (Harvard Crimson) — Justice lost in the post (Private Eye) — The Stagnant Science: Mainstream Economics in America...
...The move made sense: as the index fund price war has intensified, more and more of the cost of a fund is actually consumed by licensing brand-name indices like the S&P 500....
...Moreover, it is a distraction from what is truly driving things: This killer chart is from Peter Oppenheimer’s latest Goldman Sachs note on stock market concentration, which Toby Nangle wrote about here...
...Flows to active US exchange traded funds have surged past previous records for both monthly and quarterly hauls, helping to drive assets held in the vehicles above $750bn at the end of March....
...Smart reads Unlikely backer Retired hedge fund billionaire Leon Cooperman and a “predatory” cash-advance company had no reason to cross paths, Bloomberg reports. Then came a private credit fund....
...As Douglas-Pennant at UBS points out, plenty of fund managers are latching on to the phenomenon....
...Hargreaves Lansdown has appointed Alison Platt as chair, replacing Deanna Oppenheimer, who quit following a tumultuous period at the company, including scathing criticism from cofounder Peter Hargreaves....
...Money has surged into some of the new funds, with BlackRock’s bitcoin ETF the fastest ETF in history to reach $10bn....
...Exchange traded funds have taken over as the dominant holding in the fast-growing multitrillion-dollar US model portfolio market, helping to turbocharge their already rapid growth....
...BlackRock has rolled out two actively managed equity exchange traded funds for European investors. The Ireland-domiciled iShares World Equity High Income and iShares U.S....
...However, a larger determinant of these products’ long-term profitability will be their ability to pass muster with the fund analysts and financial advisers who vet funds and add them to client portfolios...
...Twice a year it publishes an active/passive barometer that benchmarks active funds using a composite of passives rather than an index....
...Few have drawn more interest than BlackRock’s first fund to be tokenised on a blockchain, the BlackRock USD Institutional Digital Liquidity Fund (Buidl)....
...Fixed income funds reported inflows of $42bn and equity funds received $18bn, for total long-term flows of $76bn....
...By comparison, the firm’s $2.49tn American Funds mutual fund line-up bled $43.1bn last year. T Rowe Price, meanwhile, debuted its first ETFs in 2020....
...Morningstar data shows that her fund has ended up at either the very top or the very bottom of its peer group in each of the past four years....
...US-based hedge fund Shah Capital wrote to the Novavax board on Monday to push for the instalment of two new independent board directors....
...But BlackRock hit back hard after the Texas fund made its announcement....
...She said investors choose an ETF based on a range of factors, including the fund’s issuer and benchmark, as well as the exchange it is listed on....
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