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Further €10.7bn switches from Axa IM to Aviva Investors
The latest transfer of segregated mandates, encompassing equities, fixed income, real assets and multi-asset strategies, took place on September 30, 2016, adding to the €33 billion that moved across from Axa IM to Aviva Investors in November 2015. A year ago Axa IM had managed €44.8 billion in segregated... Read more
The Tell: S&P 500’s ‘triangle’ chart pattern warns of a big selloff, analyst says
The S&P 500 is moving fast toward an impending breakout that could be bad news for investors. “And it’s gonna be big, by all accounts,” said Carter Braxton Worth, a technical analyst at research firm Cornerstone Macro. The S&P 500 ... Read more
Hillary Clinton and Donald Trump traded insults in a bitterly contentious second debate that saw the Republican regain some of his footing following a disastrous two weeks that had threatened to derail his populist campaign for the White House. After declining to shake hands as they came on stage,... Read more
Temasek hires Goldman's M&A 'Terminator' for US mission
iStock Building bridges in San Francisco: Temasek plans new office John Vaske, whose retirement from Goldman was announced on October 4, will join Temasek in January as its head of North America. Temasek has been rearranging responsibilities among some senior managers after Boon Sim, the firm’s former president for... Read more
‘Scorched earth’ might be all that’s left in Washington after this election
AFP/Getty Images Donald Trump and Hillary Clinton squared off during the first presidential debate at Hofstra University in Hempstead, N.Y., on Sept. 26, 2016. The 2016 presidential election could leave “scorched earth” behind, analysts who follow economic policy for Wall Street fear, dooming the possibility of compromise on... Read more
Donald Trump has been caught on tape bragging in crude terms about aggressively groping women, a revelation that could undercut his efforts to launch a comeback in this Sunday’s second debate against Hillary Clinton. In the 2005 tape, Mr Trump boasts about trying to have sex with married women... Read more
CVC exec: 'Scary' demand for private equity will hit returns
iStockPhoto The amount of monet pouring into private equity is a concern for CVC’s investor relations head Speaking at the British Private Equity and Venture Capital Association’s annual conference on October 6, Marc St. John, a partner and head of investor relations at CVC Capital Partners, told a panel... Read more
Howard Gold's No-Nonsense Investing: Huge egos undermine star fund managers
WSJ Bruce Berkowitz’s Fairholme Fund has shrunk to $2.7 billion in assets, prompting Morningstar to warn that it “faces serious liquidity risks.” You can quibble about the numbers — whether it’s 66%, 80%-plus or even up to 100% of fund managers who underperform indices and benchmarks. But the... Read more
MetLife has set out plans to spin off about a quarter of its business, with the insurer eschewing a flotation in another blow to the market for initial public offerings. At least four-fifths of the equity in the new business, to be named Brighthouse Financial, would go to the... Read more
75,000 City jobs at Brexit risk
The report, from consultancy Oliver Wyman and lobby group TheCityUK, was put together to assess the impact of a range of different scenarios after Article 50 is triggered and the UK eventually departs the European Union. Banks and trade groups including TheCityUK are pushing for an exit which leaves... Read more