Under pressure, SEC loosens disclosure requirements
The Securities and Exchange Commission (SEC) has revised its climate reporting requirements under pressure from politicians and the business community.
CFA urges firms to train finfluencers on compliance
A significant portion of financial influencers, commonly known as finfluencers, has been found to neglect proper disclosure practices when promoting products or services, according to a study conducted by the CFA Institute. The institute is now calling on investment firms that engage with these finfluencers for promotional activities to shoulder the responsibility of ensuring compliance through adequate training.
Repeat offender
France reported a few weeks ago that its already exorbitant budget deficit of 4.9 per cent of French GDP would be breached. And that was no lie. According to statistics agency Insee, the budget for 2023 will go into the minus by a whopping 5.5 per cent. And with that, the chances of France becoming a second Italy are rapidly increasing.
Schroders Capital : What do higher interest rates mean for private equity?
Schroders Capital : What do higher interest rates mean for private equity?
Bitter truth behind chocolate: cocoa market in deep crisis
- Cocoa prices soar; shortage from weather, disease impacts
- Record deficit, over-sold futures cause price spikes
- Stabilisation attempts; high prices challenge producers, buyers
The cocoa market is reeling. Failing harvests are sending futures prices vertically upwards, and a solution seems far away. Daredevils looking to get in now are taking the risk of investing in a derailed market.
Transfer Thursday: Credit Suisse, Carmignac, Beuc
This week’s overview of transfers, appointments, promotions and other people news includes updates from Credit Suisse, Carmignac, Zumo and European consumer interests group Beuc.
Kristofer Barrett
Kristofer Barrett (photo) has been appointed to the London-based investment team of Carmignac as global equities manager. He will join the business on 8 April 2024.
Investors warm up to defence as geopolitical risks rise
Sentiment around defence stocks appears to be on the upswing. Numerous investors previously avoided such investments, yet deglobalisation and geopolitical unrest have made the case for investing in defence more tenable.
EU retail strategy spurs fund industry reflection on value
The amended EU proposals for a retail investment strategy have spurred asset managers to reflect on the value the offer for the money that they take, it beame clear at a Luxembourg discussion at the ALFI conference.
Parts of the fund industry need urgent restructuring
Every now and then, my development team informs me that they need to take a pause from future developments to refactor code. Refactoring is a process where they restructure existing computer code without altering its external behavior.
Over time, small incremental changes to the software’s code base degrade maintainability, readability, and performance. The purpose of refactoring is to enhance code performance without affecting existing functionality, as a clean code base facilitates the addition of new features.
Waystone to provide ManCo services to Alger Management
Waystone Luxembourg on Tuesday said it will provide single-umbrella ManCo and related services to US-based Fred Alger Management’s SICAV range.
The partnership will add 600 million US dollars to Waystone’s AuM, raising it to 2,000 million US dollars and is part of the firm’s international expansion effort in recent years.