trusts
- Finance
Toxic combo of poor regulation and UK government’s reckless budget triggered pension blow-up, witnesses say in inquiry
A toxic combination of leverage, poor regulation and a reckless UK government budget drove the extraordinary blow-up of the pension…
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Pensions for Purpose’s Charlotte O’Leary: Can white, male, over-50 trustees represent a fund’s youngest members?
Charlotte O’Leary was fed up — she’d spent over a decade at large asset management firms and investment consultants. She was…
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Hedge funds fall for Dubai over lower tax rates, softer regulation — portfolio managers want in
London hedge funds are joining a trend of investment firms looking towards Dubai for expansion, lured by lower tax rates, softer…
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Bain Capital snares Ropes & Gray London boss for top European legal role
Private equity firm Bain Capital has hired US law firm Ropes & Gray’s London boss for a senior role in…
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Morgan Stanley plans to reduce one gigaton in carbon-dioxide emissions by 2050
Morgan Stanley has formed a new growth-capital strategy that aims to invest $1bn to back companies that will seek to…
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COP27 wins and losses: U.S. on the hook to pay for its pollution; natural gas gets nod as transition fuel
For the first time ever, rich nations, including a top-polluting U.S., will pay for the climate-change damage inflicted upon poorer…
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Autumn Statement: Rachel Reeves slams government for protecting banker and private equity bonuses
Shadow chancellor Rachel Reeves has hit out at chancellor Jeremy Hunt for protecting the bonuses of bankers and private equity…
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Why PE’s investor appetite is waning
Investor appetite for private equity is coming under strain. The latest Rede Liquidity Index score – a closely followed industry benchmark…
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Why Goldman Sachs’ global co-head of private equity is in no hurry for acquisitions
How do you spend $10bn during a downturn? That is the question facing the private equity team at Goldman Sachs…
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FTX liquidity crisis forces crypto hedge funds into rethink
Crypto hedge funds are changing how they work with exchanges around settlement and asset safeguarding, after a liquidity crunch pushed FTX to the…
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Ninety One sustainability boss: Divesting from oil and coal doesn’t work
Divesting from heavy polluting companies may look good on paper and appease ESG-diehards, but has minimal impact on reducing emissions and…
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Ex-Brevan Howard portfolio manager Luke Sadrian joins Rokos as partner
Rokos Capital Management hired former Brevan Howard portfolio manager Luke Sadrian as an investment officer and partner as part of a commodities…
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Ex-BlackRock executive says ESG investment model is broken
Terrence Keeley had been at BlackRock for about a decade when he reached a contrarian conclusion: ESG doesn’t work. Keeley spent much…
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Crispin Odey soft closes flagship hedge fund after major pound and coal wins
Crispin Odey has closed his flagship European hedge fund to new investments after scoring big wins from shorting the pound in the…
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Chris Hohn’s TCI urges Google parent Alphabet to review staff numbers and take ‘aggressive action’ slash costs
Activist hedge fund TCI Fund Management called on Google parent Alphabet to aggressively cut costs and reduce losses in long-term bets…
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The Fintech Files: FTX fallout, MPs make Binance squirm, and crypto sector full of ‘f****** sociopaths’
It’s been seven days since Sam Bankman-Fried said: “FTX is fine. Assets are fine.” Many things remain unclear, but one thing…
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Here’s a cheap way to bet on Bill Ackman making yet more money
Andrew Bary is an associate editor at Barron’s, covering a wide range of financial and investment topics Billionaire investor Bill…
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Credit Suisse strikes deal to sell securitized-products group to Apollo
Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and…
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Hedge funds ‘extremely surprised’ by FTX collapse, eye tighter due diligence
Hedge funds have expressed their shock at the speed and scale of FTX’s collapse, as executives look to introduce tighter…
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Fund industry weighs up ESG under Rishi Sunak: ‘It’s clear he has a cost-cutting agenda’
Asset managers are expecting Prime Minister Rishi Sunak to rise above the low bar set by his short-lived predecessor Liz…
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Is the stock market open? Veterans Day is a regular day for U.S. stocks, but the bond market is closed.
The stock market remains open Friday, Nov. 11, the Veterans Day holiday in the U.S., even through it counts as…
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Crypto and pension fund crises top concerns for global watchdog
Crypto and pension fund crises are major concerns for the world’s top financial watchdog, as it expresses fears over the stability…
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Fossil fuels and guns can have a place in ESG funds, say FN readers
Fossil fuels and guns aren’t necessarily an ESG deal-breaker, according to Financial News readers, who believe the green investment boom is not just…
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FTX crisis bruises BlackRock, VanEck: ‘Crypto industry will need to work twice as hard to rebuild bridges’
Investors in BlackRock’s and other firms’ crypto products saw values plunge on 9 November as the embattled digital assets industry…
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Heavyweight investors on COP27: Time for the City to step up
The excitement ahead of last year’s COP26 conference was palpable. Political and business titans gathered in Glasgow for the global summit after a…
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Goldman sees clients boomerang in ‘flight to quality’ as crisis engulfs crypto firms
Goldman Sachs’ head of crypto trading says investors are “coming back” to the bank to carry out crypto trades after…
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TPG’s dry power hits record, but profit falls
TPG reported a lower quarterly profit but collected more in investment management fees and saw the value of investments rise 2%…
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Short-sellers make billions in Meta’s stock plunge
Meta’s stock plunge on 26 October was a golden moment for short-sellers, who netted over $1bn in just two days, according…
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Carlyle’s net income slumps 47% as market turmoil bites
Carlyle Group reported 8 November that its third-quarter net income declined as a slump in publicly traded stocks hit the…
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Ireland tops list of most-shorted European markets
Ireland has leapfrogged France and the UK to become the most shorted European market, amid rising bets against firms including…
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FTSE 100 bosses enjoy bumper bonuses despite uptick in ESG-linked remuneration
The top brass at FTSE 100 companies have enjoyed bumper bonus payouts this year, despite a majority of firms linking…
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FCA targets asset managers as ESG funds review kicks off
The Financial Conduct Authority is probing how asset managers have implemented the regulator’s ESG principles — a move that could eventually lead to…
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Blackstone earnings take beating as private equity portfolio slumps
Blackstone’s net income plummeted in the third quarter as the value of its private equity portfolio declined. The New York investment…
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Why Truss might actually have been right on the economy
As fun as it might be for outsiders to gawk at the political chaos engulfing the UK, Prime Minister Liz Truss’s…
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SEC hauls in record $6.4bn from sanctions as Gensler continues Wall Street crackdown
The Securities and Exchange Commission obtained record monetary sanctions in the latest fiscal year and advanced two more regulatory initiatives…
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Tiger Global pulls back on China equity investments
Longtime China investor Tiger Global Management has hit pause on investing in Chinese equities, said people familiar with the matter,…
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Hedge fund sees further sterling weakness after Bank of England’s record rate hike
A London-based hedge fund is expecting the pound to fall further amid rising inflation and a gloomy economic forecast. The…
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Apollo posts $876m loss as retirement unit weighs on results
Apollo Global Management posted its third straight quarterly net loss as rising interest rates continued to weigh on assets held by…
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Credit Suisse amps up efforts to shrink holdings in key business units ahead of planned restructure
Credit Suisse has intensified efforts to sell or shrink holdings in key businesses in recent days, part of a planned…
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Why BlackRock’s ESG balancing act is getting harder
The world’s largest investor is taking heat from government officials on both sides of the climate debate — and the…
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Bank of England holds up offer for further support for pension funds
The Bank of England offered to buy long-dated UK government bonds in larger amounts and said it would provide continuing…
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Why the Bank of England is struggling to calm markets
A crisis in UK government debt markets accelerated after a fresh attempt by the Bank of England to extend support…
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Bank of England boosts bond purchases programme amid ‘fire sale’ risk
The Bank of England added inflation-linked government bonds to its programme of bond purchases after a fresh attempt to extend…
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Fund managers yank Ethereum holdings over regulatory jitters
Fund managers have been dumping digital currency ether from their holdings amid worries that heightened regulatory scrutiny may blunt the digital currency’s expansion.…
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Rokos Capital COO Andrew Brown resigns
Rokos Capital Management chief operating officer Andrew Brown is set to leave the hedge fund around the end of 2022.…
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