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...issuers told the Financial Times....
...financial advisers....
...Asset managers have also been grappling with continued outflows from legacy mutual funds while exchange traded funds — which trade like stocks and enjoy preferential tax treatment — have enjoyed rising inflows...
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...The Brevan Howard master fund gained 20 per cent in 2022, when macro funds thrived during a period of rapid interest rate rises....
...This is despite the financial services company adding 3.8mn new brokerage accounts last year....
...Industry figures said they were waiting for an announcement from the Financial Conduct Authority, the UK regulator, which was expected imminently. The FCA also declined to comment....
...Inflows into money market funds accelerated in March, when the collapse of Silicon Valley Bank and other lenders piled pressure on the broader financial sector and sparked a flight to safety from ordinary...
...Spot bitcoin ETFs will be available on Schwab, Fidelity, SoFi and Wells Fargo’s platforms....
...The good news is the money is not leaving the Schwab platform. Many clients are moving their uninvested cash out of its low-yielding bank deposit programmes into money-market funds....
...It referred to a 2015 matter in which the US Consumer Financial Protection Bureau ordered two of Hankey’s companies, Westlake Services and Wilshire Consumer Credit, to collectively pay nearly $50mn in restitution...
...What were once fairly rough measures of financial markets — often calculated with slide rules by a few niche newspapers as a dull but worthy service to readers — now exerts power over them....
...“Investors have thought twice about investing this year,” said Richard Flynn, managing director of brokerage Charles Schwab UK....
...His comments come just days after the UK financial regulator said Woodford had a “defective” understanding of markets and liquidity — the ability of the fund to sell assets and allow investors to withdraw...
...Second, buyouts represent a transfer in the supervision of assets, rather than the removal of them from the UK financial ecosphere entirely....
...The result is likely to be a significant decline in mutual fund usage,” wrote Rick Wurster, president of Charles Schwab, the broker and mutual fund sponsor....
...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....
...In Europe, the US house already has five of the six active ETFs most owned by fund-of-fund managers, an important outlet for such funds, according to Morningstar....
...Schwab Asset Management has announced there will be no capital gains distributions for the 2023 tax year across its $302.6bn suite of 30 ETFs....
...Abrdn and Baillie Gifford join money managers BlackRock, Charles Schwab, Invesco and Manulife in announcing job cuts and restructurings in recent months....
...an Argentine naval vessel during a protracted tussle with the Latin American nation — British water company legislation restricts the ability of bondholders to seize assets if Thames Water is unable to service...
...Talk to Chuck Last year, Charles Schwab weathered a banking crisis, lay-offs and a falling stock price....
...Charles Schwab, Invesco and Manulife are among the money managers that have announced job cuts and restructurings in recent months....
...The mood inside the FTSE 250 company is “unstable and yet melancholic,” one employee told the Financial Times....
...Money is moving either to cheaper passive funds or to specialist and alternatives funds that promise juicier returns. Traditional active managers are squeezed in the middle....
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