Hints and tips:
Related Special Reports
...This resulted in 181 lawsuits in the Southern District of New York alone....
...Several big UK-listed groups are also moving their primary listings to New York, such as the gambling group Flutter and building materials group CRH....
...New York-based Presidio provides IT services to some of the world’s largest companies, including Amazon, and government organisations....
...“As Chair Gensler has said, institutional prime and institutional tax-exempt funds, just 10 per cent of the money market space, have faced the largest redemptions in past stress periods,” said an SEC spokesperson...
...Payments into an Isa account are made from after-tax income, and the account is then exempt from income tax and capital gains tax on the returns. No tax is payable on money withdrawn from the scheme....
...“Mutual funds allowed more people to get into the market,” says financial historian Richard Sylla of New York University....
...Even an advocate such as Chaussée said he would not want to invest new money in a buffered ETF amid a crash or bear market because it would not make sense to cap upside before a potential recovery....
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...Some analysts say the abundance of cash parked in money market funds, which invest in ultra-short term government debt, acts as a potential source of continued demand for Treasuries....
...The dour outlook has coincided with a flood of cash into money market funds, mainly in the US, as investors eye returns of 5 per cent or higher for lower risk....
...The $4bn in trading did not reflect an influx of new money at that scale....
...to put money in tax-advantaged accounts in exchange for an employer match....
...The November bond market rally has come as a relief for many investors but weak debt markets over the previous two years have still left many nursing steep losses that can be used to lower tax bills....
...Some UK companies have pointed to higher valuations when choosing to list in New York rather than London....
...Private equity has been attracted to accounting firms by the combination of steady income from tax and audit work and the opportunity to expand into new services such as consulting....
...But the origins of this gold rush are thousands of miles from Montgomery’s town — and far from the historic global trading centres of London, Zurich and New York — in Beijing and Shanghai....
...BlackRock, the $9.1tn New York-based asset manager, has been a frequent target of the anti-ESG efforts....
...Irish building materials giant CRH, the most valuable stock on the small Dublin market, left in September as part of the switch of its primary listing to New York from Europe....
...“An inheritance tax doesn’t fix the core problem: an economy that’s in decline and an ageing population,” says Aswath Damodaran, professor of finance at the Stern School of Business at New York University...
...in US institutional prime money market funds — roughly a third of the entire market — the result of a tweak in SEC rules....
...Cathie Wood’s Ark Investment Management has a new pitch to investors who might be concerned by the asset manager’s huge losses owing to rising interest rates — think of the tax write-offs....
...“I think there’s enough money for many winners,” he said. “I think the space will continue to grow.” Additional reporting by Nicholas Megaw in New York...
...Ludwig Bemelmans’ uproariously funny memoir, Hotel Splendide, in which he uncovers the fabulous world of New York’s Ritz-Carlton Hotel, is an entertaining read....
...Other non-government money market funds, such as tax-exempt funds that buy state and local government debt, would be required to apply a similar fee if the fund’s board decided it was in its best interests...
...But analysis from both the LSE and Nasdaq suggests that the difference in terms of liquidity, on a median turnover basis, isn’t huge between New York and London (or indeed other markets)....
International Edition