asset management
- Finance
Private equity firms eye banking hires to serve wealthy investors: ‘There’s a run on the bank for talent’
Private equity managers are competing fiercely for talent as they attempt to build out their capacity to raise money from…
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Jupiter’s CEO choice draws criticism from former board member
Jupiter’s decision to appoint Matthew Beesley as its next chief executive is unlikely to “fix” the problem of its plummeting…
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Nutmeg CEO steps down after JPMorgan takeover: ‘I am now taking some time out’
The boss of the UK’s largest digital wealth manager Nutmeg has stepped down following the firm’s buyout by JPMorgan. A…
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Research Affiliates CEO calls crypto a ‘Ponzi scheme,’ questions ‘substance’ of blockchain
The chief executive of California-based asset manager Research Affiliates has called cryptocurrencies a “Ponzi scheme”, claiming bitcoin and the blockchain…
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State Street, Ninety One CEOs: Defunding polluters is not the path to net zero
Ron O’Hanley is chief executive of State Street and Hendrik du Toit is chief executive of NinetyOne Today, more investors and…
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‘Just buy somebody’: Private markets push will fail without deals, says LCM boss
The chief executive of Brookfield-backed alternatives firm LCM Partners says asset managers pushing into private markets will fail without making acquisitions,…
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Jupiter CEO Andrew Formica to step down
Jupiter Fund Management has announced that Andrew Formica will step down as chief executive of the FTSE 250-listed asset manager…
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Martin Gilbert: The City must cherish its older workers
Martin Gilbert, the co-founder and former CEO of Aberdeen Asset Management, is chair of AssetCo and Revolut Paul McCartney headlining…
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DWS chief exec says greenwashing allegations and personal attacks were a burden, ‘especially for my family’
The outgoing chief executive of DWS will tell shareholders at its upcoming annual general meeting that greenwashing allegations made against…
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Woodford fund administrator’s woes mount as law firms double up for legal action
Two law firms representing thousands of investors left trapped in Neil Woodford’s defunct flagship fund have joined forces to pursue…
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Martin Gilbert’s AssetCo strikes deal for SVM to build Edinburgh hub
AssetCo, the deals company set up by fund management veteran Martin Gilbert, has snapped up Edinburgh-headquartered SVM Asset Management to help…
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How a small group of BlackRock analysts speaks for millions of investors
BlackRock casts votes on tens of thousands of proxy proposals a year. The responsibility rests with a team of about…
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Natixis affiliate Mirova snaps up renewable energy investor in emerging markets push
Natixis Investment Managers affiliate Mirova has bought a specialist private debt firm that finances renewable energy projects in Africa and Asia as…
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Fund managers hand out 40% salary increases to private market hires
Asset managers have been fighting over themselves to secure the best ESG talent, but another battleground has emerged for some…
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Top Credit Suisse shareholder ‘supportive’ of right buyer after shares pop on State Street bid report
One of the largest shareholders in Credit Suisse says he may back a potential takeover bid for the Swiss bank. The…
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BlackRock to expand proxy voting to large investors in Canadian, Irish funds
BlackRock is expanding a recently launched program that gives some of its largest clients a direct say in proxy voting,…
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Trading Places: Centerview nabs JPMorgan execs, Coinbase rescinds banker offers, BlackRock hires in ESG
Centerview Partners hired a pair of senior dealmakers from JPMorgan to cover the healthcare sector. Rakesh Mehta, who was most recently…
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BlackRock bolsters Emea sustainable leadership team
BlackRock has made several high-profile hires and promotions across its sustainable investing team in Emea — a region that has contributed…
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How to avoid another DWS-style greenwashing fiasco
Jim Roth and Neil Harper are managing partner and chair of impact investment firm Zamo Capital Last week, something important changed.…
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State Street falls after staying mum on Credit Suisse bid report
State Street fell the most in almost two months after declining to comment on a report it’s looking to acquire…
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Hedge fund group files complaint against LME for ‘failing’ nickel traders
A formal complaint has been made by the Managed Fund Association against the London Metal Exchange over its cancellation of…
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Mark Dampier: HSBC’s Stuart Kirk was spot on about ESG
Mark Dampier is the former research director of Hargreaves Lansdown and author of Effective Investing One of the problems in the financial…
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Former Schroders chief Michael Dobson lands chair role at Berkeley Group
Michael Dobson, the former chair of Schroders, has been appointed to the board of UK housebuilder Berkeley Group as its…
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Jane Street joins Elliott in legal battle over LME’s $4bn in wiped trades: ‘There are bound to be others’
Wall Street market-maker Jane Street became the latest to sue the London Metal Exchange for cancelling some $4bn in nickel trades…
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Schroders urges FirstGroup to reject £1.2bn takeover bid from US private equity firm
Schroders, the largest shareholder in UK bus and train operator FirstGroup, has urged it to reject a £1.2bn takeover bid…
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Elon Musk blasts ESG after DWS office raids over greenwashing allegations
Tesla chief executive Elon Musk slammed the ESG industry again following a raid on asset manager DWS’ Frankfurt offices over greenwashing allegations.…
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Elliott Management sues London Metal Exchange for more than $456m over cancelled nickel trades
Activist hedge-fund manager Elliott Management sued the London Metal Exchange for more than $456m, after the exchange earlier this year…
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Trading Places: DWS boss departs, Fidelity’s 110 crypto hires, JPMorgan’s Brexit moves
A happy Jubilee weekend to all the movers and shakers in the City’s job market this week. Trading Places doesn’t…
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Fidelity Investments bolsters tech headcount to meet institutional crypto demand
A Fidelity Investments subsidiary, launched a few years ago to let institutional investors store and trade bitcoin, plans to double…
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Frankfurt offices of DWS and Deutsche Bank raided over greenwashing allegations
The Frankfurt offices of Deutsche Bank AG and its asset-management subsidiary DWS Group were searched by authorities on Tuesday over…
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Deutsche Bank, DWS offices raided over greenwashing allegations
The Frankfurt offices of Deutsche Bank AG DB, +0.54% and its asset-management subsidiary DWS Group DWS, -2.82% were searched by…
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DWS loses two executives to Audax
Audax Group has hired two DWS Group executives to help build out a new strategy to invest in secondhand stakes…
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HSBC and Elon Musk herald a backlash over $3tn ESG boom
You’d think the $3tn ESG market was imploding, judging from the kicking the industry got this week. What started out…
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HSBC exec suspended for ESG comments brought ‘dose of honesty’ to debate, ex-BlackRock sustainable investing chief says
HSBC Asset Management responsible investing head Stuart Kirk caused an uproar when he branded climate warnings from environmental “nut jobs” as false, leading…
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Wendy’s Shares Jump 17% On Potential Acquisition by Trian
By Denny Jacob Wendy’s Co. shares jumped 17% to $19.08 in after-hours trading Tuesday after its largest shareholder said it…
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Mark Mobius sees bitcoin plunging to $10k: ‘Buy the dip will not work’
Veteran emerging markets investor Mark Mobius has warned investors not to “buy the dip” following the latest crash in bitcoin’s…
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City influencers celebrate Financial News’ 25th anniversary
Some of the highest-profile names in the City gathered to mark 25 years of Financial News on 17 May. From…
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Cannabis investors suffer comedown as high-flying pot funds shrink 45%
The high around cannabis stocks appears to have faded, with funds in the global sector reporting a sharp drop in inflows and woeful…
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Brookfield Asset Management makes £4bn swoop for HomeServe
Brookfield Asset Management has agreed to buy London-listed repair services company HomeServe in a £4bn deal. The Canadian alternative investment giant…
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Axa IM eyes launch of new private markets business
Axa Investment Managers, the €864bn fund management unit of the French insurance group, plans to establish a new business unit…
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BlackRock, Vanguard could see voting power curbed as lawmakers line up new rules
A group of Republican senators is looking to curtail the power big asset managers like BlackRock and Vanguard have over public companies.…
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Schroders eyes some embattled Faangs as tech names approach value stock territory
The sell-off that has wiped more than $1tn from the market value of the world’s technology giants could see some…
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Natixis IM’s global sustainability chief: ESG investing isn’t ‘charity’
ESG products may be tied to doing what’s right for the climate, but they’re there to make money, like any…
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Allianz subsidiary takes $6bn hit after pleading guilty to securities fraud
One of Allianz’s US investing divisions pleaded guilty and agreed to pay more than $6bn in penalties and restitution for a scheme…
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Cathie Wood’s flagship Ark ETF hit with Morningstar downgrade on risk of ‘severe losses’
The flagship exchange traded fund run by star US stock picker Cathie Wood has been downgraded by Morningstar, with the…
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Trading Places: Citi snaps up BofA’s Richard Abel, Englender leaves UBS, Deutsche Bank hires Sebastiaan van Loon
Koby Englender, a managing director at UBS and a senior banker within its emerging markets equity capital markets unit, has…
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Schroders’ hunt for climate experts shows newest front in ESG talent war
Asset managers are on the hunt for experts who can help them meet their ambitious net-zero emissions targets — and are willing…
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How Warren Buffett made the stock market selloff work for Berkshire Hathaway
The stock market’s selloff has been bad news for most investors. Not for Warren Buffett and his team. Buffett’s Berkshire…
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Fund manager M&A frenzy spills into first quarter as global deals reach $18bn
The wave of fund manager M&A that drove global deal numbers to a record high last year has run into 2022, with the…
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BlackRock, Franklin and Polar tech funds hit as rout wipes 30% off investor holdings
Some of Europe’s largest technology funds are nursing losses of more than 30% this year, as a brutal sell-off across the sector drags…
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