WASHINGTON, Aug 28 (Reuters) – Wall Street’s top regulator moved on Wednesday to increase transparency for regulators and investors in mutual and exchange-traded funds by requiring them to report portfolio holdings on a monthly basis rather than four times a year. However, in a retreat from earlier plans, the U.S. Securities and Exchange Commission did
On the global stage, few have been as active in flaunting their cash in recent years as the Middle East’s most powerful money men. Leaders of Saudi Arabia’s Public Investment Fund (PIF) and Abu Dhabi’s Mubadala — sovereign wealth funds that oversee assets worth more than $1 trillion combined — have been on a busy
The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday. Hackers had stolen more than $1.38 billion worth of crypto by June 24, 2024,
Gone are the days when men in finance were seen as corrupt and untrustworthy because now they’re Gen Z’s ideal partner. It’s no secret that men who work in the finance industry, who are currently being satirised as ‘finance bros’ on social media, have long been shunned among singletons across the globe for fear of
Blackstone, the world’s largest landlord, contends the worst is over for commercial real estate. Investors, however, are not so sure. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company’s
Their success has also spawned an array of imitators. Known as multimanager funds, or “pod shops,” because they diversify their bets across all manner of strategies with scores of trading teams, these trading behemoths have become a powerful industry force that manages billions of dollars on behalf of investors with a keen eye on managing