The sale of the UK’s largest independent asset manager comes after the death of a patriarch and the rise of giant US funds
Investment manager uses ownership structure designed to work around profession’s ban on outside equity capital
New legislation pushing the mandatory allocation of investments into private assets conflicts with the fiduciary duty of trustees
Fears about the technology’s impact hit share prices but sector is embracing the benefits
Continuation vehicles and rush for retail money are driving problematic behaviour by industry, warns ILPA executive
The City regulator is set to change the rules on client categorisation
Real estate and infrastructure commitments help offset weakness in group’s core business
Move comes after fund restricted investors’ liquidity rights two years ago
Weak investor demand hits hedge fund chief’s scaled-back double offering
Founder of Citadel says some investors may not have realised they cannot quickly withdraw all their money from funds
Coupon-paying fund aimed at retail investors
Hedge fund launched by Bobby Jain will instead manage money exclusively for his former multi-strategy firm
Plus, Vanguard warns on prediction markets, private credit’s borrowing strain and Henry Moore at Kew
Child of Robert F Kennedy Jr seeks $100mn in capital raise while touting links to ‘policy initiatives in government’
British pension schemes will soon be forced to support my portfolio
Boss of $12tn asset manager echoes criticism of platforms such as Polymarket and Kalshi
Withdrawal from one investor threatens to slow efforts to expand beyond hedge fund division
Toms Capital Investment Management has built stake in $1.1tn in assets pension and insurance group
Asset manager drew investors even as performance in private credit and buyout units suffered
LVMH-backed group will seek to harness influence of sports personalities to enhance portfolio companies
Caution by co-founder of Aspect hedge fund follows billionaire Cliff Asness’s decision to ‘surrender’ to the machines
‘Savvy the Squirrel’ initiative comes as investors await clarity on eligibility of products in stocks-and-shares products
Start-up Stratiphy is the first to offer both crypto ETNs and Innovative Finance Isas
Industry regulator has written to 58 schemes to warn about their exposure to hard-to-sell investments
Plus, RIP Mark Mobius, BlackRock cools on Europe and Jasper Johns in Bilbao
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