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...Fidelity recently marked down its investment in X by about 70 per cent, giving the company a value of around $12.5bn....
...Some of Reddit’s largest existing shareholders include Fidelity, the $4.5tn asset management group, and China’s Tencent....
...New York-listed insurer Assured Guaranty had more than $12bn of exposure to UK water companies at the end of 2023, with more than $2bn to Thames Water alone....
...Wes Gray, chief executive of ETF shop Alpha Architect, said his company had been able to negotiate with Fidelity over the past few months to avoid paying any support fees....
...It drew in investors including US investment group GQG Partners and asset manager Fidelity....
...Fidelity, for example, sees “an interesting middle ground between fully active and fully passive portfolios”....
...Assured Guaranty typically works with lenders financing US municipal government-backed infrastructure projects, providing insurance which pays out to debt investors if a borrower defaults....
...Since the patent’s expiration last May, several other companies including Fidelity, Morgan Stanley and Dimensional Fund Advisors have asked the SEC for permission to follow suit with ETF share classes of...
...Mainstream investment funds such as Fidelity, T Rowe Price and BlackRock are exposed, too....
...PGIA, the US division of Australia’s Perpetual, filed for similar relief in February, even before the May sunset of Vanguard’s 22-year patent on the structure....
...Dimensional Fund Advisors and F/m Investments followed suit last summer, and Fidelity did the same in October. All four filings remain pending....
...Reddit’s listing will represent a significant test of investor appetite, as the market for IPOs in the US slowly thaws after two years of moribund activity....
...In the US, FIS sold Worldpay for less than half its purchase price of $43bn. Paris-listed Worldline, another consolidator, issued a catastrophic profits warning....
...The strong flows to the most successful bitcoin ETFs — BlackRock’s, for example, attracted $14bn in Q1 2024 and Fidelity’s took in $7.6bn — combined with a rally in the price of bitcoin, which is up more...
...Increasingly, companies or their investors are pointing to weak trading liquidity, or a supposed yawning valuation gap, compared with US peers for poor stock performance....
...Fidelity has found a basement for spot bitcoin ETF fees, pricing its proposed fund at less than half most other would-be registrants....
...Fidelity’s Special Situations fund has targeted UK life insurers, seeing growth potential in the bulk annuities market as companies buy out defined benefit pension schemes....
...World” ad campaign, Franklin Templeton’s X account last month temporarily endowed its logo with laser eyes, a popular crypto meme, while BlackRock plans to project bitcoin ETF ads on buildings in major US...
...such as BlackRock and Fidelity....
...companies....
...The Securities and Exchange Commission has approved the first US ETFs that will hold bitcoin....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...BlackRock, the world’s largest asset manager, led the way with $723mn of inflows, followed by Fidelity with $545mn....
...The US fund giant topped the gross sales chart for the 10th consecutive year, as investors ploughed more than £30bn into the firm’s UK funds. Net inflows reached £6.38bn during the year....
...“If there are even [protectionist] restrictions against us, the world really is closed off.”...
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