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...Morningstar earlier this year estimated that Ark had wiped out about $14.3bn in wealth over the past decade, more than any other fund family....
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...“Diversification absolutely matters,” agrees Mark Haefele, chief investment officer of UBS Global Wealth Management. “You need to diversify geographically and across asset classes.”...
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...The agreement is a big boost to UBS’s ambitions to significantly cut back Credit Suisse’s investment bank as it focuses on building out the combined group’s wealth management business....
...Net new business of £23.1bn from wealth management, private markets and solutions was offset by outflows of £13.4bn from mutual funds and institutional mandates....
...“I like the Unicef framework because it’s forced us to think about investing with a child-lens,” says Kevin Teng, chief executive of Wrise Wealth Management Singapore....
...of UBS Global Wealth Management Asia....
...management at Morningstar....
...in the Swiss bank’s wealth management division....
...gillian.tett@ft.com Letter in response to this column:National Gallery as hedge fund is an artful solution / From PS Meier, Worcestershire, UK...
...But the asset managers show limited enthusiasm for nuclear energy solutions....
...Mutual funds have enabled millions to invest in the stock market since they were introduced 100 years ago, but newer, nimbler products are reshaping asset management....
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...There have been enough problems at Boeing that we can say with confidence that the problems run deep, and a deep solution is needed....
...BNP Paribas Asset Management launched its first active ETFs in Europe in February....
...When Solomon publicly threw in the towel on the consumer business in 2022, he prioritised wealth and asset management....
...Part of the problem lies in the nature of asset management companies and their reporting structures....
...The charges come as the FTSE100 asset manager pushes further into wealth management, private markets and solutions division, the three strategic growth priorities that chief executive Peter Harrison outlined...
...The manager, which McManus calls competitive with private banks “for all wealth levels”, takes a 0.75 per cent management fee on assets up to £100,000....
...Georg Schubiger, head of wealth management, and Christel Rendu de Lint, head of investments, will become co-CEO of the Swiss investment manager from January....
...The investment managers that form the layer in between get their capital from insurance companies, sovereign wealth funds, pension funds and so forth....
...This approach led to a muddy solution that was not investing for impact, it was “just investing”, says Davies....
...Meanwhile, distribution channels for selling ETFs also vary across the continent, which will require Ark’s salesforce to win orders from a mix of fund supermarkets, banks, brokers, wealth managers and financial...
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