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Trustees should consider best interests of savers or face ‘robust’ intervention, says Nausicaa Delfas
Acquisition is a bet on diversifying into managing external credit and other funds
Plus, Blackstone’s march to $1tn, UK stocks rally, and Burton and Gielgud’s dramatic encounter
The industry attracted net new flows of A$4.8bn in the first half compared to significant outflows for unlisted funds
Jeremy Hunt recognises the failings of the current system but his ‘Mansion House compact’ fails to address them
Prime brokerage a rare bright spot in a tough year for banks’ markets and deals businesses
Restrictions come amid worries about financial stability risks posed by fast-growing $1.5tn industry
A shadow economy is emerging in which asset managers can bypass many regulatory requirements and the greater scrutiny of listed assets
I wanted to buy US stocks but I’ve talked myself into selling
Maybank AM fears promoting the ability to capitalise on a US market downturn could send the wrong signals
Much of the group’s successful history coincided with declining interest rates and rising asset values
Britain’s biggest fund manager is buying government bonds and selling stocks to prepare for downturn
Move defies broader drought that has left many rivals struggling to attract investors
The bank acts as custodian for more than two-thirds of European ETF assets, Refinitiv Lipper data shows
Hedge fund suspended trading in several products following sexual misconduct claims
The fund, which requires investors to forgo some potential gains, is aiming to disrupt the annuities market
Diversification rules stop some asset managers buying more shares in companies that dominate recent stock rally
Most retail holders will continue to let investment managers make calls for them
UK market is losing another growth company in a sector the government is keen to promote
Index fund providers have come under fire from both left and right over their influence on US companies
Shares in London-listed group soar more than 50% after agreeing to takeover by US investment firm
Plus, chief executives divided on UK pension reforms, government borrowing costs and Luxury and Power at the British Museum
Jeremy Hunt’s plans to increase allocations to private equity assume returns will stay high with fees falling
High-frequency firm started offering US investment-grade bond trading to clients in June
There is no evidence yet of front-running despite decision to massively reduce weightings of tech giants
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