Hints and tips:
Related Special Reports
Cyber risk takes on a new dimension as regulators hold employees responsible and hackers deploy the latest AI; political risk heightens for banks imposing sanctions on Russia; and liquidity risk prompts new rules in US bond markets
Secretive family office in late-stage talks with 30 portfolio managers after several years of outperformance
...Higher revenues at its wealth management business and investment bank, as well as one-off gains, drove net profits to $1.8bn in the first three months of the year, triple the sum analysts had forecast....
...Successfully traversing such terrain demands forecasting talent, which Ark Investment Management lacks.”...
...The management shake-up caps weeks of turmoil for the group after a door panel blew out mid-air during an Alaska Airlines flight in January....
...“Managing directors” who are not directors of any company and don’t manage anything. “Vice-presidents” who carry bags and take minutes. “Executive directors” who are mid-level bureaucrats....
...BlackRock Riyadh Investment Management will be a wholly owned subsidiary of the $10.5tn US asset manager....
...The move was widely seen as a landmark shift in corporate power from management to the board....
...The wealth management sector, buoyed by the expansion of family offices, has remained surprisingly vibrant, says Zhiwu Chen, professor of finance at Hong Kong University Business School....
...If UK fund management has a Frankenstein’s monster then Abrdn best fits the bill....
...Shares in the company, which provides financial advice and investment management services to 960,000 well-off clients, have fallen 60 per cent over the past....
...A deal would give Boehly’s Eldridge Industries a foothold in the fast-growing market for lending to private European companies, building on its investments spanning insurance, asset management, technology...
...Only 2 per cent of human resources chiefs from Fortune 500 companies that were surveyed by the polling and consulting group strongly agreed their performance management system inspired employees to improve...
...Now the world’s largest tea company owns zero plantations, and just has to worry about ensuring its suppliers adhere to its new ESG standards....
...This mechanism assigns personal responsibility and establishes conditions for a company’s management to declare the crisis and initiate crisis management protocols....
...The company said revenue increased by 6 per cent to £199.7mn over the three months compared with a year ago....
...); and company databases....
...This structure helps circumvent US regulations when globally significant banks, such as Crédit Agricole, own fund management companies. One can see the attraction for Amundi....
...Three more US regulators have opened investigations into how Morgan Stanley’s wealth management division handles potentially risky clients, according to a person familiar with the matter....
...Goldman Sachs’ Petershill Partners, which owns minority stakes in alternative asset companies, has bought a stake of more than 20 per cent in private credit specialist Kennedy Lewis Investment Management...
...Jupiter could have also placed the money with other external funds run by rival asset management companies....
...NRG Energy chief executive Mauricio Gutierrez has left the company, as the US energy group came to an agreement with activist investor Elliott Management....
...Some UK companies have pointed to higher valuations when choosing to list in New York rather than London....
FT Money wants to hear from readers
...“Crisis management became a constant in the company . . . we used to be a very focused business, very focused management team . . . but we became even more focused, almost laser focused on some of the issues...
International Edition