Plus, cash piles up, investing in classic cars, and school’s out for summer
Ares, Apollo, Blackstone and KKR prepare to increase buyout-linked investments as interest rates ease
Hedge fund tells clients many supposed applications of the technology are ‘never going to actually work’
Plus, updates on ether ETFs and Bybit
Share certificates, company reports on paper and annual general meetings have distinct advantages
What started as a characteristically bold scheme came crashing down after a startling series of setbacks
Vehicles’ relatively high management fees are still cheaper than average charged by funds of funds
French bank seeks greater scale for its investment business
Second-quarter earnings of $1bn missed expectations as hedging costs on floating rate exposure has yet to pay off
Hedge fund manager is in pole position to buy weekly publication for about £100mn
Ack-man of La Mancha
ICI finding stands in contrast to broader narrative of significant outflows from the wrapper
The first of a new series where we test the benefits of clubs and products
Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy
Decision follows vastly lowered target and delay in pricing
Takeover by the US’s only publicly traded accountancy creates a twist in the profession’s wave of consolidation
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Outside backers left wondering what to do with overpriced minority piece in illiquid manager
Investors pile into private credit, with HPS and Goldman Sachs among those to have raised blockbuster funds
Companies link up to create investment manager designed to channel more pension money into private businesses
Plus, a big sports investor nears buyout deal for Hayfin Capital and Bill Ackman’s IPO target falls further
Passive investment strategies have outperformed, saving investors a fortune in fees, but it doesn’t always pay to be lazy
Rob Kapito in line for at least $20mn in retirement incentives beyond annual pay and company stock
World’s largest asset manager believes we are at a ‘turning point’ as take-up of active ETFs accelerates globally
Investment groups are alarmed by efforts to curb their influence on governance and strategy at American lenders
