asset management
- Finance
Jon Little’s Alderwood Capital begins hunt for investors
Alderwood Capital, the fund management business launched by former Northill Capital founder Jon Little, has made a trio of hires…
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City hedge fund manager’s suicide indicative of wider sector Covid stress
A hedge fund manager who took his own life last year was experiencing high stress amid a tough time for…
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M&G pledges to end thermal coal investments
M&G, the UK-listed fund management group, will begin to phase out coal across its investments, making it the latest asset…
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Greensill Capital: How the SoftBank-backed firm has ended up on the brink
Pressure is mounting on SoftBank-backed Greensill Capital after major backers signalled moves to halt trading in and out of the…
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FOMO driving billionaire hedge fund boss Danie Loeb to ‘deep dive’ into cryptos?
Daniel Loeb, chief executive of hedge fund Third Point, said he has been on a “deep dive” into cryptocurrency recently…
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Almost a quarter of companies will be net zero by 2030, say Fidelity analysts
Analysts working at investment giant Fidelity International, the $706bn asset manager, predict almost a quarter of all the companies they…
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Goldman Sachs asset management co-head Lane to step down
Eric Lane, the co-head of Goldman Sachs global asset management business, is stepping down six months after being appointed to…
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JPMorgan has ‘sense of urgency’ in search for acquisitions
JPMorgan Chase is stepping up its search for acquisition targets as competition intensifies from financial technology firms and other new…
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Vanguard, BlackRock singled out for $170bn coal exposure
Vanguard and BlackRock, the world’s two largest asset managers, have been singled out for having the highest exposure to the…
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Axa IM assets reach record high after bumper 2020
Axa Investment Managers, the asset management arm of the French insurance giant, posted a more than three-fold increase in new…
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St James’s Place to axe 200 jobs after Covid hit to profits
St James’s Place, the UK listed wealth manager, plans to axe 200 jobs following an almost 40% drop in pre-tax…
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Chuka Umunna calls out UK investment body over ethnic diversity push
The Investment Association has been called out for a lack of ethnic diversity on its board, after itself urging some…
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EU regulator to probe zero-commission stock trading: ‘There’s no such thing as a free lunch’
European market officials will analyse the risks of zero-commission stock trading apps such as Robinhood in the wake of the…
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UK investors ratchet up pressure on companies over ethnic diversity
The UK’s fund management lobby group will turn up the heat on companies in the coming months over ethnic diversity in…
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Investing heavyweights managing $21tn see FOMO driving bitcoin to $100k by year-end
Some of the world’s largest investors have indicated bitcoin is in bubble territory, with almost 30% predicting frenzied speculation will…
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Neil Woodford’s comeback doomed from the start as ‘misled’ investors balk
Neil Woodford has had plenty of time to consider his options following the spectacular implosion of his business just 16…
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Wells Fargo sheds its asset manager as Scharf reshapes bank
Wells Fargo plans to sell its asset-management business to two private equity firms, part of Chief Executive Charlie Scharf’s efforts…
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Wells Fargo strikes $2bn deal to offload asset management business
Wells Fargo, the US-headquartered bank, has struck a deal to offload its asset management arm in a transaction worth $2.1bn.…
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Standard Life Aberdeen paves way for rebrand after fresh deal with Phoenix
Standard Life Aberdeen, the FTSE listed asset manager, has sold the Standard Life moniker to UK insurer Phoenix Group —…
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Billionaire fund manager Alan Howard takes stake in British bitcoin startup
Billionaire hedge fund mogul Alan Howard and a selection of current and former Goldman Sachs partners are among the backers…
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Ex-BlackRock employees allege discrimination in letter to Larry Fink
Two former BlackRock employees have written to the boss of the world’s largest asset manager saying that they faced racial…
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Invesco tops ‘dog funds’ list for sixth time
Invesco has topped a twice-yearly list of worst-performing investment funds for the sixth time running, with almost a dozen of…
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ESG is ‘no longer optional’ for asset managers, says Goldman Sachs
Funds focused on environmental, social and governance issues are “no longer optional” for asset managers and interest in them will…
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Billionaire Jeff Gundlach says bitcoin beats gold as ‘stimulus asset’
A long-time gold bull and prominent investor Jeffrey Gundlach has had his head turned by cryptoassets, after noting that bitcoin…
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Treasury Committee chair urges FCA to provide end date for Woodford probe
The British parliament’s influential Treasury Committee has called on the UK’s finance watchdog to clarify when it expects to conclude…
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Robinhood, Citadel CEOs grilled by lawmakers in wake of GameStop saga
Robinhood chief executive officer Vlad Tenev offered an apology for the company’s decision to temporarily curb trading in some stocks,…
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Paul Myners joins chorus of critics slamming Woodford probe ‘lethargy’
Paul Myners, the former City minister, has joined the growing chorus of voices calling for an independent inquiry into the…
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