Brazen Kyle Davies refused to apologize for losing billions of investor cash He has remained on the run since his hedge fund 3AC collapsed in mid-2022 His business partner Su Zhu was sentenced to 3 months behind bars last year A brazen co-founder of bankrupt cryptocurrency hedge fund 3AC has said that he’s ‘not sorry’
Legal and General Investment Management is set to overhaul its UK property fund amid pushback from investors and the regulator around liquidity issues plaguing the sector. Under the new structure, LGIM will adopt a “hybrid” approach: 45% of the portfolio will be held in direct property, with 45% reallocated into shares of globally listed real estate investment trusts.
Published: Feb. 6, 2024 at 6:25 a.m. ET Kwasi Kwarteng, who served as the U.K.’s finance minister during the mini-budget crisis which saw Britain’s pound drop to its lowest ever levels against the U.S. dollar, has said he will not stand for reelection as a member of parliament. The British politician, who had previously worked
Published: Feb. 2, 2024 at 4:25 p.m. ET Don’t miss these top money and investing features: Investing news and trends Tesla’s stock had its worst month in a year, but Cathie Wood’s ETFs kept buying The ARK Innovation and ARK Net Generation exchange-traded funds bought more than $150 million in Tesla shares in January. Read
Commission-based “load” mutual funds and the financial advisors who still sell them seem passé, like riding a horse and buggy to reach your investment goal instead of a zippy new exchange-traded fund. Yet there are excellent load funds run by top fund managers at big shops. Of the 10 largest mutual fund families, six have
Published: Jan. 17, 2024 at 3:08 a.m. ET By Elena Vardon Brooks Macdonald Group said it expects momentum on gross inflows to continue across its products over the second half of fiscal 2024 as it posted a rise in funds under management for the second quarter. The U.K. asset manager on Wednesday said that the
The chief executive of M&G’s asset management business has urged dialogue between global watchdogs to ensure a consistent regulatory framework for fund tokenisation, after the UK government last year backed an industry-led blueprint on how funds can adopt blockchain technology. In November, the technology working group of HM Treasury’s Asset Management Taskforce — chaired by
Walt Disney is caught in a contentious battle with multiple activist investors. Shareholders should come out ahead no matter who the winner is. Right now, there are no fewer than four activists taking aim at the House of Mouse. That should come as no surprise given that Disney stock has lost more than half its
Published: Dec. 23, 2023 at 3:15 p.m. ET Don’t miss these top money and investing features: INVESTING NEWS & TRENDS ‘The switch was flipped’: ETF flows pick up as stocks, bonds head for 2023 gains U.S. stocks and bonds are up in 2023, in a big rebound from a brutal 2022. Read More Star stockpickers
These mutual-fund and ETF investing tips keep your portfolio in the game
Published: Feb. 8, 2024 at 6:05 p.m. ET Don’t miss these top money and investing features: . INVESTING NEWS & TRENDS This fund manager stopped worrying about economics. Now he is outperforming the stock market. A change in strategy has helped transform the GoodHaven Fund from a long-term underperformer into an outperformer since the end