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Administrators raise $884mn from partial sale of stake in AI start-up Anthropic
Despite the trusts’ efforts, their shares continue to trade at discounts to net asset value
And other financial market monsters
Plus, death of the mutual fund, cheap UK stocks, and Portraits To Dream In
After a plunging stock market sent ETF pricing into turmoil, Beijing has attempted to shore up the sector
Setbacks for European PE-backed insurers fuel warnings over ownership shift
Networking group celebrates 10 years of supporting female executives in fund management
Early movers profited from unloved assets, but higher interest rates and more competition mean windfalls will become harder to achieve
US-style ‘spot’ funds are not available to retail customers on the continent — but similar products are
Actively managed fund offerings are helping managers outside the Big Three to gain assets rapidly
Sector has suffered from the impact of high inflation over the past two years
Political rows may have slowed fund launches in US, but European investors are still investing in line with principles
Now that ‘spot’ funds have regulatory approval, due diligence experts will help decide if they can be offered to clients
Latest loss of $8.5bn in Texas comes after asset manager tried to make inroads in the Republican state
What regulator could be against safer lenders at the heart of our financial system?
Hume-Kendall had been accused by administrators to failed investment firm of using investors’ savings to fund lifestyle
US activist’s interest comes as London-listed SMIT has fallen out of favour
The former consumer and wealth division head is latest high-flying woman to leave the Wall Street bank
The listing of dual-class shares will mean the partial disenfranchisement of many investors
Short positions in debt-laden company’s stock have almost doubled since share price plunge this month
FTSE 100 company chief focuses on under-developed private credit markets in Europe
A spin-off of data division Parameta might make sense for company whose core brokerage services are under pressure
Wall Street power broker pioneered the model of the diversified ‘financial supermarket’
They enabled millions to invest in the stock market but newer, nimbler products are reshaping asset management
Arrest of Nvayo’s Christopher Scanlon raises questions about FCA’s ability to oversee digital payments sector
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