Plus, the Bank of London’s mysterious weekend tax debacle and companies race to issue record levels of US debt ahead of presidential election
Establishing strong governance arrangements will be key
Format has been a hit in the US, while European regulators have approved no new CLO mutual funds since 2020
Industry’s hottest sector posts first client withdrawals in seven years after weaker returns in 2023, Goldman Sachs data shows
Plus, UK capital markets revamp, record US debt issuance, and Musée Jacquemart-André reopens
UK asset manager becomes latest big-name house to embrace active ETFs
Chinese car buyers avoid Tesla as more advanced electric vehicles flood the market
Credit investment specialist says its trust in PE firms’ oversight of ecommerce roll-up group Thrasio was misplaced
Investment group that acts as family office of top entrepreneurs bets on M&A and secondary markets
Scheme takes seed investment as chancellor questions future of local government retirement schemes
Once heavily indebted, analytics provider now sits on a cash pile of £188mn
Care home shortage and a stabilising residential market offer opportunities in rate-sensitive property funds
With several different product versions already available, some point to a confused market
Actual owners of shares should have more say than their hired fund managers
Proposal for pool of capital to invest in strategic sectors has also been floated by Donald Trump
US private equity group’s interest highlights growing demand for second-hand goods from consumers and investors
With interest rates higher, many schemes are moving out of deficit, which could feed through to share prices
Also in today’s newsletter, a new trend in blue bond issuances
Corporate leaders realise they can’t ignore the social and political context in which they operate
New regulations governing fund ratings will help, but there are other ways to navigate the confusion
Luxembourg-based firm’s chief says looming changes could prompt staff to leave country
GTCR and Golden Gate Capital’s potential sale of Antylia comes as the sector bucks a frustrating market for sponsors
The corporation has changed significantly over the past century — so has the consumer
The FSC is concerned about a potential brain drain from the stockpicking industry caused by demand for passive ETFs
Investment sites welcome decision to drop new product drawn up by last Conservative administration