CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. State Street’s asset management arm is looking to buy a stake in a private credit or infrastructure manager, as one of the world’s largest passive fund managers tries to boost its presence in the […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Richard Oldfield, the incoming chief executive of Schroders, vowed to improve the asset manager’s “focus and execution” as the group warned on Tuesday that it faced outflows of about £10bn this quarter. The announcement […]
CashNews.co The dollar weakened on Monday as global markets reined in their bets on a victory for Donald Trump in the US presidential election, and the Financial Times’ James Politi explains what to look out for as results trickle in. Plus, Spain’s prime minister is facing political backlash over the country’s historic flooding and the […]
CashNews.co Vanguard has deposed its rival BlackRock, the world’s largest asset manager, from its position as manager of the second-largest exchange traded fund in the world. In a rare setback for the fund giant, BlackRock’s iShares Core S&P 500 ETF (IVV) has been overtaken by Vanguard’s equivalent S&P 500 ETF (VOO), which had assets of […]
CashNews.co Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy It is in the nature of electioneering that, whatever their starting point, politicians will tip more […]
CashNews.co The outcome of the 2024 US elections will have sweeping consequences for US business. Beyond their headline policies on taxes, regulation and tariffs, Kamala Harris and Donald Trump have set out plans that could have profound effects on different corners of corporate America. Control of both houses of Congress is also up for grabs. […]
CashNews.co A Pennsylvania judge has declined to immediately halt Elon Musk’s $1mn giveaway to voters who sign a pro-Trump petition in the state. Philadelphia district attorney Lawrence Krasner had sued to stop the practice, claiming it amounted to an “illegal lottery scheme”. Lawyers for Musk countered at a hearing on Monday that awardees were carefully […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The huge outflows from Franklin Templeton’s biggest subsidiary extended into October, as the $1.7tn asset manager said the group’s revenue and income would be weighed down by a regulatory probe at the unit. Western […]
CashNews.co Index funds are a favourite bogeyman of many fund managers and analysts, as the great whooooosh of money flowing from active to passive strategies has accelerated and broadened in recent years. Goldman Sachs’ chief US equity strategist David Kostin and his team have taken a look at a few of the more common scary […]
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