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...When pressed on the issue, asset managers in the US now emphasise that they are service providers....
...The median support for environmental and social shareholder proposals so far this year has fallen to 15 per cent, according to Institutional Shareholder Services data, from 25 per cent last year and 32 per...
Cryptocurrency down 16% from its peak as net fund flows turn negative
...As always, email me at scott.chipolina@ft.com....
Grayscale has outflows of more than $1.1bn as investors turn to BlackRock and Fidelity for new crypto products
Funds could start trading as soon as Thursday after months of anticipation and pushback
...As always, email me your thoughts at scott.chipolina@ft.com. Weekly highlights Earlier this week failed crypto exchange FTX settled with its debtors after its collapse in November last year....
...BlackRock has been trying to respond to the campaign against environmental, social and governance factors in different ways. In Washington it added a senior lobbyist with Republican ties....
...The WHO is promoting the concept of “One Health” — the notion that human, animal and environmental health are linked....
...EQT recently struck a large deal to acquire family-owned Heritage Environmental Services, which handles waste and industrial by-products from chemical plants, pipelines, rare earths manufacturing and semiconductors...
...Democratic congresswoman Maxine Waters, who serves on the House financial services committee, wasn’t best pleased since there are still no federal rules on stablecoins....
...Launches of funds claiming environmental, social or governance attributes all but dried up in the past six months, as investors baulked at increased scrutiny of sustainability claims by companies and asset...
...If they’re throwing in the towel, imagine how difficult it will be for lesser players trying to set up custody services of their own.”...
...Brunswick, which reported revenues of £413mn in 2022, has diversified from its traditional public and media relations work into areas such as investor relations; regulation; environmental, social and governance...
...Accolade, which has a near-A$600mn loan due in 2025 according to the company, has been struggling to service its debts....
...On Wednesday, Scott Nuttall, co-chief executive of KKR, conceded that returns for large public companies such as KKR are often mixed....
...And they do own one service that might provide an answer, but it's complicated. As a seller, they've not done a single thing for me....
...US asset managers have faced a backlash against environmental, social and governance investing policies from Republican politicians, prompting some prominent investors to scale back action on climate issues...
...The firm’s assets have begun rising again, but it has come under sustained political fire from both the left and right over its use of environmental, social and governance factors in investing....
...*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....
...BlackRock on Monday was sued by the US state of Tennessee, which accused the $9.1tn New York-based asset manager of violating consumer protection laws by misusing environmental, social and governance factors...
...“The ‘streamflation’ era is upon us, and consumers should expect to be hit with price hikes [and] password sharing limits, and enticed with ad supported options,” said Scott Purdy, KPMG’s media leader, on...
...“I am disappointed that the manufacturing challenges do keep happening at Boeing, this isn’t new,” Scott Kirby told CNBC....
...The 171 Max 9 jets grounded after the Alaska incident are expected to return to service soon....
...“We think [it] plainly does not cover the types of tokens that we list or the products and services that we offer,” he said....
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