Plus, H20’s cover up, ESG funds double down on defence, and Hôtel de Gallifet in Aix-en-Provence
Sector’s shares have soared and asset managers in debate on whether investing in it can be seen as sustainable
Staff wellbeing is a bigger priority for employers but has been hard to link to company performance
Balance is needed on incentives to ensure Pershing Square USA fund does not struggle after floating
The wirehouse is considering ETF versions of mutual funds already on its platforms, as well as new strategies
Support on votes has been dwindling among big money managers after reaching record levels just a few years ago
Memorandum of understanding is latest evidence of growing financial ties between China and Middle East
Hedge fund behemoth’s founders had recently struggled to agree on strategy and succession plans
Heavy inflows in August are the latest sign of a comeback for fixed income in a cooling economy
Active funds have struggled to raise assets from local investors this year
Active ETFs in Europe have so far launched with much lower fees than mutual funds, Morningstar analysis shows
Slowdown in public listings and takeovers means staff and investors are selling shares for cheap on secondary market
Fund managers are flush with cash but uncertainty over subsidies and tariffs has chilled activity
$4.4tn industry has become latest target of Xi Jinping’s clampdown on finance
Top London investor undergoes restructuring after departure this year of ex-Tiger fund manager Johnny de la Hey
Lord of the returns
An increasing number of active managers are entering the ETF space in Europe ahead of an expected surge in demand
(And it’s got worse)
Move will increase weighting of other emerging market countries, such as India
SEC is investigating co-chief investment officer of firm’s Western Asset unit
Asset manager supported just 20 of 493 environmental and social proposals put forward by shareholders at annual meetings
Regulator criticises use of phrases such as ‘interest falls like rain’ and ‘uninterrupted cash flow’
Institutional investors look to lock in higher yields as market prepares for Fed to lower borrowing costs
Regulators must show pragmatism as well as toughness but playing legal mediator, rather than policeman, looks odd
Bitwise’s acquisition of ETC Group follows Robinhood’s $200mn purchase of crypto exchange Bitstamp in June