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Rich people finding tax loopholes isn’t a new concept but do authorities need to toughen rules on wash sales?
Largest private-sector retirement scheme, with fund of £90bn, tells regulator of ‘deep misgivings’ over proposals
Plus, the ire of Credit Suisse bondholders, growing risks in commercial property loans, and After Impressionism at the National Gallery
Investors close short positions in expectation that share price may be nearing bottom
Goldman Sachs, JPMorgan Chase and Fidelity benefit from big inflows amid turmoil in financial sector
Scottish Mortgage shake-up highlights problems with unlisted stocks
Amar Bhidé’s exit from UK’s biggest investment trust highlights tensions over strategy after share slide
Unpublished BlackRock research also reveals thousands more will be downgraded in wide-ranging MSCI shake-up
Oh and give up on DB plans doing much but buying bonds
Property is next sector under threat from rising borrowing costs after bank failures, says boss of $2.5tn firm
Financial Conduct Authority criticises ‘widespread failings’ in ESG benchmarks
Stricter rules are welcome but let’s not go too far in cutting choice
Corporate governance worries prompted two executives to leave the asset manager’s board
Quality Factor ETF receives $4.8bn in inflows on same day
Options buyers see scope for further gains as banking turmoil boosts metal’s safe haven appeal
Swiss exchange traded product provider blames low demand
Unwinding rules on the cost of research should be part of a package of broader reforms
Bank of America fund manager survey shows inflation is no longer seen as biggest risk to markets
And he’s got a 12-bore shotgun
Bandhan Mutual Fund’s vehicle will invest in a JPMorgan US debt exchange traded fund
Plus, Ken Griffin vs Bill Ackman, a sell-off in European banks, and Alice Neel at the Barbican
Price wars have prompted many providers to lower fees
The two cities have set up new fund structures to lure wealth away from traditional offshore financial centres
These funds have ballooned as investors seek a safer shelter for their cash.
Hong Kong-based asset manager had significantly cut its exposure to China
With share price down 31 per cent over 12 months, change is needed to preserve its reputation
Amar Bhidé says he disagreed with chair over process to appoint two new board members
Asset manager says about 40% of new clients last year were younger investors
Net inflows of $120bn for the week are highest since 2020 amid ‘of a lot of angst’
Departures from GICS will raise weighting of Apple and Microsoft in S&P 500 IT sector to nearly 50%
Changes to tax allowances simplify retirement saving, say industry experts
BlackRock chief executive fears ‘more seizures and shutdowns’ of banks possible after ‘decades of easy money’
Investors pulled more than $10bn from index-tracking ETFs in February, while active peers attracted $8.6bn
Broker was already under pressure from customers reacting to higher interest rates
Investors fuelled a rally in US Treasuries by rushing to exit crowded bets that prices would fall
Citadel founder argues that refusing to bail out SVB depositors in full would be ‘great lesson in moral hazard’
ETFs focused on US regional banks hit with steep declines
UK Edition