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Amar Bhidé’s exit from UK’s biggest investment trust highlights tensions over strategy after share slide
Unpublished BlackRock research also reveals thousands more will be downgraded in wide-ranging MSCI shake-up
Oh and give up on DB plans doing much but buying bonds
Property is next sector under threat from rising borrowing costs after bank failures, says boss of $2.5tn firm
Financial Conduct Authority criticises ‘widespread failings’ in ESG benchmarks
Stricter rules are welcome but let’s not go too far in cutting choice
Bank of America fund manager survey shows inflation is no longer seen as biggest risk to markets
Plus, Ken Griffin vs Bill Ackman, a sell-off in European banks, and Alice Neel at the Barbican
These funds have ballooned as investors seek a safer shelter for their cash.
The two cities have set up new fund structures to lure wealth away from traditional offshore financial centres
Amar Bhidé says he disagreed with chair over process to appoint two new board members
With share price down 31 per cent over 12 months, change is needed to preserve its reputation
Goldman Sachs, JPMorgan Chase and Fidelity benefit from big inflows amid turmoil in financial sector
Scottish Mortgage shake-up highlights problems with unlisted stocks
Swiss exchange traded product provider blames low demand
Unwinding rules on the cost of research should be part of a package of broader reforms
And he’s got a 12-bore shotgun
Bandhan Mutual Fund’s vehicle will invest in a JPMorgan US debt exchange traded fund
Price wars have prompted many providers to lower fees
Hong Kong-based asset manager had significantly cut its exposure to China
Asset manager says about 40% of new clients last year were younger investors
Net inflows of $120bn for the week are highest since 2020 amid ‘of a lot of angst’
Departures from GICS will raise weighting of Apple and Microsoft in S&P 500 IT sector to nearly 50%
Changes to tax allowances simplify retirement saving, say industry experts
BlackRock chief executive fears ‘more seizures and shutdowns’ of banks possible after ‘decades of easy money’
Investors pulled more than $10bn from index-tracking ETFs in February, while active peers attracted $8.6bn
Broker was already under pressure from customers reacting to higher interest rates
Investors fuelled a rally in US Treasuries by rushing to exit crowded bets that prices would fall
Citadel founder argues that refusing to bail out SVB depositors in full would be ‘great lesson in moral hazard’
ETFs focused on US regional banks hit with steep declines
Don’t do these things
Plus, hedge funds build macro firepower, a surge in pension buyouts, and the Lehman Trilogy at the Gillian Lynne Theatre
Thousands of new funds launched in the past decade has led to an ‘oversupplied’ market
A study of five of the largest ETFs finds they accounted for nearly half the daily trade of the bonds they owned in 2022
USS and Border to Coast’s plan follows companies backtracking on emissions targets
Call to release more funding amid growing fears over UK stock market’s competitiveness
Jettisoning schemes is liberating for companies that have long struggled with volatile deficits
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