Plus, China’s policy blitz, investors grab European equities, and Mica Ertegun’s collection
A quirky and opaque New York firm has rapidly expanded to become the most profitable trader of all
Former US secretary of state and climate envoy becomes co-executive chair of Galvanize Climate Solutions
If endorsed, and Britain moves to one-day settlement before the EU, UK ETFs would wait until the EU also moves
Proxy agencies and asset managers will still face scrutiny over their policies
The spaghetti cannon shoots again
Record 70% income haul from fresh money is shot in the arm for active fund industry
Millions of people have five-figure sums sitting in cash, in spite of inflation’s corrosive effects
Drag show
UK asset manager snaps up team from investment boutique in move that adds £800mn of assets
Everyone loves having their priors confirmed
Plus, how Andrea Orcel covertly built up a stake in Commerzbank and celebrities ditch BDO after ex-employee is accused of fraud
Fee cuts are latest in price war that started with approval of spot bitcoin ETFs in US in January
More than $500bn pumped into the fund format despite volatile markets
Plus, Vanguard pushes into fixed income, egg prices soar, and Wigtown Book Festival
Changes to GPIF’s investment policies to take on more risk have been lauded — but the country’s system is under strain
Handful of secretive businesses including Jane Street and Citadel Securities have seized market share from the old guard
Head of $1.3tn asset manager says complex forms of debt could ‘accelerate things on the downside’
Plan to encourage more tech-focused and small-cap ETFs unveiled as part of new financial stimulus package
Savers with environmental and other ethical concerns now have plenty of options to vote with their money
Senior executive says strategy not only takes in private asset potential, but structured products and wealth management
Manager has cancelled plans to convert investment-grade credit fund and will opt for a corporate bond fund instead
Move by US-based investment manager comes as oil-rich emirate woos financial services firms
CEO Salim Ramji cites inefficiencies and opportunities in the asset class
Stakeholder group calls for temporary suspension of penalties for failed trades when EU moves to one-day trade settlement
