Stay up to date with free updates Simply register for the Pension sector myFT Digest — straight to your inbox. The writer is an FT editor When the shortcomings of the British pension system are analysed, attention is often focused on Canada and its giant pension funds. These have become major players in international finance, … Read more
Trustnet examines the 10 active global funds with less than £100 million in assets under management. Smaller funds can be more flexible and take advantage of market volatility in a way that is difficult for larger and therefore more rigid competitors to match. The big disadvantage, however, is that they often cost more. With less … Read more
Stay informed with free updates Simply log in to the Financial services myFT Digest – delivered straight to your inbox. Activist hedge fund manager Boaz Weinstein has suffered multiple setbacks in his bid to take control of a series of BlackRock closed-end funds, as shareholders rejected his director nominees and voted to retain the fund’s … Read more
After briefly being anointed king of the stock market, Nvidia has been hit hard. While that could be a warning sign for investors concerned that this year’s rally has relied too heavily on a few big tech names, there are many ways to avoid bubble-like prices while staying broadly invested. Last Tuesday, Nvidia briefly passed … Read more
McKinsey stated in 2019 that 90% of America’s 500 largest companies are now preparing an ESG report – reams of paper meant to prove that the companies are saving society and the planet. Consultants and analysts also spend a lot of time arguing that ESG is a more profitable way to invest. In a series … Read more
One of the Chinese AI candidates taking on OpenAI comes from an unusual source: a quant fund that dominates the country’s financial sector. High-Flyer Capital Management, a Chinese quantitative hedge fund, has grown into a roughly Rmb60 billion ($8 billion) asset manager since launching in 2015, using in part AI and algorithms to identify patterns … Read more
Global investors are turning away from sustainable-oriented stock funds as poor performance, scandals and attacks from US Republicans increase enthusiasm for a much-hyped sector that has raked in trillions of dollars in assets. According to research from Barclays, clients have withdrawn a net $40 billion from environmental, social and governance (ESG) equity funds this year. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The Australian government has ordered funds linked to a Chinese businessman to cut their stakes in a rare earths miner, in a sign that control of critical minerals is becoming a political concern. Jim Chalmers, … Read more
The Comptroller of New York City and seven financial firms are recommending Tesla shareholders give a thumbs down to the electric car maker’s ~$50 billion compensation package for CEO Elon Musk. The suggestion was part of a letter signed by NYC Comptroller Brad Lander and the aforementioned companies, filed with the Securities and Exchange Commission … Read more
Stay informed with free updates Simply log in to the Government bonds myFT Digest – delivered straight to your inbox. New York lawmakers are launching a new push to limit lawsuits by “vulture funds” against governments that default on their debts and cut the amount investors can recover through the courts on defaulted emerging market … Read more