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...British retirement funds hold more than £1tn in assets on behalf of tens of millions of savers but they have come under fire from policymakers and City asset managers for allocating more cash to global equity...
...If you don’t have any stipulations in place — some death benefits can be bought as “add-ons” to an annuity — your pension funds return to your provider upon your death....
...customer’s objectives, and a loss of safeguarded benefits or valued features....
...BlackRock’s LifePath Paycheck, which rolls out in April, also combines target date funds with annuities, but the guaranteed payments can start sooner, allowing participants to keep the rest of their pension...
...And one thing to start: Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...While retail investors benefit from significant price improvements in the form of lower effective spreads, they experience large losses on average: between February 2021 and September 2023, retail investors...
...The number of schemes trying to get ready for such deals — last year a record £50bn of bulk annuity deals were agreed — has led to steep discounts on some assets, said investment advisers....
...Hedge fund Citadel and its sister firm, market-maker Citadel Securities, have agreed to pre-let at least 250,000 sq ft, or a third of the space, at 2 Finsbury Avenue....
...US hedge fund Citadel and its sister firm market maker Citadel Securities have agreed a big expansion of their London office footprint, with a deal to take 250,000 sq ft at British Land’s new flagship City...
...New regulations to limit excessive leverage by pension funds in the wake of the autumn 2022 gilts crisis have also spurred demand for corporate bonds....
...fund can switch some (or all) of it into an annuity....
...the shape of pension benefit withdrawal....
...The City grandee will be a “tough act to follow”, according to one top-30 L&G shareholder, who described Wilson as a “constant” through a period of change for the sector that has included retirement and...
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...What began as a political stunt by Texas governor Greg Abbott to call the bluff of “sanctuary city” northern Democrats has almost overwhelmed cities such as New York and Chicago....
...” said James Elbaor, the head of Marlton LLC, a Chicago-based hedge fund that is a Pershing Square Holdings shareholder....
...the option-driven fund phenomenon, even if he broadly agrees with the thrust of Xu’s argument....
...If the chancellor had eliminated the Cash Isa and increased the Stocks & Shares Isa allowance to £25,000, it would have signalled a strong statement of intent by reserving the benefits of tax exemptions...
...Ken Griffin, the multi-billionaire who moved his hedge fund Citadel to Miami in 2022, called the city, “a growing metropolis that embodies the American dream”....
...In October Cities, his 2023 study of writers in three US cities, Chicago, Philadelphia and New York, the academic Carlo Rotella borrows a lovely phrase from the late Willa Cather — “cities of feeling”, which...
...would offer clear benefits for customers.”...
...deeply blue cities of New York or the bright-red rural counties in Iowa....
...The five affected ETFs account for just 0.08 per cent of those five firms’ ETF assets and 0.07 per cent of the ETF industry’s assets under management, according to the Chicago researcher....
...Concerns over sexism in the City of London were highlighted last year when the Financial Times reported multiple allegations by women of sexual assault and harassment by hedge fund manager Crispin Odey....
...One bank lobbyist said that a big increase in taxation of carry was likely to “pull at the thread” of the fabric of the City of London, as jobs in support industries such as banks and professional services...
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