Fund manager aims to put central Asian state on global investors’ radar with privatisation drive
Kremlin decree allows firms including Jane Street, GMO and Franklin Templeton to offload holdings
Also in today’s newsletter, a new network for sustainability reporting in developing nations
Former top investment officer at Franklin Templeton’s Western Asset Management is subject of criminal and civil cases
Plus, Germany’s major industries are in crisis and police raid private equity group CVC over French football league deal
US asset manager says group revenue and income will be weighed down by troubles at unit
SEC probe and poor returns prompt withdrawals just as group’s rivals are benefiting from a rush into bonds
SEC is investigating co-chief investment officer of firm’s Western Asset unit
Consortium bets on growing demand for independent asset management among younger, more tech-savvy clients
Fondul Proprietatea has delivered big gains after overhauling corporate governance at Romanian state companies
U OK hun?
A look back at the five themes that dominated in 2023 — and our top scoops, interviews and longer reads
T Rowe Price, Franklin Templeton and AllianceBernstein are among fund groups hit by higher interest rates
Why own a fund manager?
Investment houses are unleashing their ‘brightest and best’ to capitalise on rising demand for active ETF strategies
We’re going to find out!
Acquisitive California asset manager strikes deal that will expand business in alternatives and retirement plans
Firm’s push into alternative asset management has fostered some excitement — and it needs the help
Plus, Blackstone’s real estate woes, China bets send base metals soaring and a sublime Sleeping Beauty
The fourth member of the Johnson family to run the group is pushing quickly into new asset classes and technology
Asset manager hopes to list in Hong Kong and Singapore in first instance
Active investing is HARD guys
ClearBridge Focus Value ESG ETF will start to disclose all of its holdings in December
The moves, which include index switches for four funds, will be accompanied by huge reductions in fees
US investment group buys European business in latest example of mainstream asset managers seeking to diversify
