Trump tariffs ‘beyond anything I could have imagined in my 49 years in finance’, says chief of world’s largest asset manager
Global financial groups continue to deal with Indian conglomerate despite US legal troubles
Mark Wiedman was a potential future leader of the asset manager but will join a bank seeking to compete with majors
Head of world’s biggest asset manager says market ructions are ‘impacting Main Street’
BlackRock boss tells shareholders people are more anxious about the economy than at any time in recent memory
First official response by Beijing adds to uncertainty over geopolitically sensitive transaction
Conglomerate faces criticism from Beijing for $22.8bn agreement with consortium led by US asset manager
Tech groups and financial institutions join forces in plans to build data centres and energy projects to underpin AI boom
Shares hit by commentary saying $22.8bn deal with US asset manager BlackRock ‘disregards national interests’
Plus, the ‘Wild West’ of family offices, star traders’ succession issues, and Renaissance Siena at the National Gallery
Plus, Microsoft walks away from some CoreWeave commitments and two hedge fund giants grapple with their legacy
Taunts by US president galvanise governing party ahead of Sunday’s vote
Managing funds that own small stakes in public debt and equity has become much less fun
How Li Ka-shing, Larry Fink and Adebayo Ogunlesi struck a $22.8bn ports deal within weeks
Plus, private equity’s total assets shrink for the first time in decades and Abu Dhabi’s latest mega-deal was a long time in the making
Deal worth $22.8bn involves sale of bulk of those owned by Hong Kong-based conglomerate CK Hutchison
Regulator’s rules are part of broader effort to rein in power of largest fund managers
Hi, Fidelity
US regulator’s move follows a sharp fall in support for environmental and social resolutions
Move to sweeten pay package comes as banks and asset managers have started to emulate private equity practices
Companies including BlackRock and JPMorgan accused of ‘misstatements or material omissions’
Agreement comes as Boaz Weinstein’s firm agitates against UK closed-end funds
A behind-the-scenes look at the work of Rutherford Hall, critical communications strategist
State’s attorney-general had accused $11.6tn fund manager of breaching consumer protection rules
Annual revenues pass $20bn for first time, beating analysts’ expectations
