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...UK asset manager Ruffer is planning to axe jobs across the business after a poor investment performance last year, as the industry battles rising costs and pressure on profits....
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...This can be seen as a version of the above, but in this case the important business unit is right on the other side of the world, and is in a volatile market which requires emergency decisions to be made...
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...“Passive is doing a killing.”...
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...At HEC Paris, there were more than 100 business students with disabilities last year, approaching 2 per cent of the total and an increase of 33 per cent compared with 2022....
...The firm also named Chris Gordon and Robin Marshall as the heads of its global private equity business....
...Now, a lot of that focus is on the wealth management business. And increasingly, the wealth management business accounts for about half the total group’s profits....
...In such uncertain macroeconomic regimes, management teams can be tempted to instigate change by doing deals with companies that are similar in size, so-called merger of equals....
...Gerard Crossan, wealth and asset management director for Europe, the Middle East, India and Africa at EY, said ETFs had traditionally represented a low-cost, high-scale business that has attracted flows...
...Profits also increased in its support and research divisions, although the financial unit was hit as higher interest rates meant companies were more focused on paying down debt than doing deals....
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...Just avoid things like Aids situations, racing trains to the crossing, and doing cocaine. Develop good mental habits.”...
...But this is far less lucrative than the branded business. The latter represents 29 per cent of total payment volume....
...Of course, the “adjusted” qualifier is doing some heavy lifting here, as it excludes the financial impact of depreciation, amortisation and share-based compensation....
...However, due to widespread hybrid working, “the weeks are not as long as they were and there is greater balance”....
...So I would love to be all bright sunshine and roses about my business. The reality is that this has been my very worst year in business in seven years....
...However, advisers warn that it could lead to a concentration of business among the largest LDI managers, as they each negotiate eligible collateral....
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