The spaghetti cannon shoots again
The launch feeds into an effort to establish the state as a corporate mecca with a new bourse trading equities in Dallas
BlackRock, Microsoft and Abu Dhabi may not be the benevolent consortium they are depicting
Nvidia and Abu Dhabi-backed MGX will join effort as energy-intensive tech strains power and data grids
Critics warn of risks in selling illiquid and hard-to-value products to less experienced retail buyers
Firms strike deal to offer model portfolios of alternative assets to rich individuals
Investors shrugged off market ructions and ignored the usual summer lull to pour $130bn into exchange traded funds
Heavy inflows in August are the latest sign of a comeback for fixed income in a cooling economy
Asset manager supported just 20 of 493 environmental and social proposals put forward by shareholders at annual meetings
Buying frenzy highlights exuberance that gripped markets before this week’s sharp sell-off
Rob Kapito in line for at least $20mn in retirement incentives beyond annual pay and company stock
World’s largest asset manager believes we are at a ‘turning point’ as take-up of active ETFs accelerates globally
And changing its nature in the process
Plus, a small-cap legend retires, the march of India’s stock market, and Antony Gormley at Houghton Hall
The head of the giant asset manager has been grooming a new top team for more than a decade. Some worry he is taking too long
Manager’s regional business, which saw a 50% drop in inflows in 2023, is underperforming Europe and US
More than 40% of global ETFs launched in H1 were active, compared with about a quarter in 2021
World’s largest money manager sees assets under management hit record high of $10.6tn
Preqin acquisition gives access to data but does not solve problems such as illiquidity of assets, say industry observers
Consortium bets on growing demand for independent asset management among younger, more tech-savvy clients
New private equity vehicle Rosebank Industries whose other backers include Norges and GIC will offer boost to London market
Only two climate-related proposals received majority support this year, and no diversity initiative cleared 50%
Sale of Preqin for £2.5bn has catapulted founder Mark O’Hare into ranks of Britain’s wealthiest people
Plus, Blackstone becomes a whale in private equity debt and Shari Redstone revives her sale of Paramount
World’s biggest asset manager attempts to balance the demands of European and US clients on decarbonisation
