Morgan Stanley cuts 9% China fund unit staff amid market rout: sources
MORGAN Stanley has laid off about 9 per cent of its employees at its asset administration enterprise unit in China, two folks with direct data […]
fund
JPMorgan acquires startup Layerone to boost hedge fund offerings
JPMORGAN Chase acquired LayerOne Financial, an funding administration platform that was spun out from Fortress Investment Group, because it seeks to enhance its choices for […]
Weiss multi-strategy hedge fund to shut after 46 years
WEISS Multi-Strategy Advisers, a New York-based funding administration agency began in 1978, is winding down its operations. “Every journey has twists and turns, and after […]
Norway wealth fund sells stakes in 3 Jardine firms on environment concerns
NORWAY’S US$1.6 trillion sovereign wealth fund has excluded three firms from its portfolio resulting from issues that mining exercise might destroy the pure habitat of […]
Bahrain’s sovereign wealth fund to invest in Singapore Gulf Bank
BAHRAIN’S sovereign wealth fund Mumtalakat is investing in Whampoa Group’s Singapore Gulf Bank (SGB). The funding will allow SGB to launch and develop its enterprise […]
BlackRock’s ESG fund business soars despite attacks by US Republicans
DESPITE a barrage of Republican assaults, lacklustre returns and diminishing consumer curiosity within the US, BlackRock has been quietly increasing its dominance in ESG investing. […]
Veteran fund manager makes bold interest rate prediction for 2024
The federal funds price has skyrocketed 5.25 proportion factors since March 2022, taking Treasury yields larger and the 30-year mortgage price to eight% in October. […]