Asset managers brace for plunge after global AuM jumps to $112tn May 25, 2022 Asset managers are braced for a plunge in the value of assets this year after notching bumper returns in 2021 that pushed the total value of managed assets to $112tn globally, new data has revealed.
Andreessen Horowitz looks to buck crypto crash with new $4.5bn fund May 25, 2022 US venture capital giant Andreesen Horowitz is looking to buck the crypto crash with a new $4.5bn fund that will pump cash into crypto and so-called ‘web3’ startups.
Legal & General Capital announces $500m investment into US laboratory firm May 25, 2022 Asset manager Legal & General Capital (LGC) has unveiled its first stateside investment today with a $500m cash injection to spur the development of lab facilities across the US.
JPMorgan braced for more than $1bn losses on digital retail bank Chase May 24, 2022 Wall Street giant JPMorgan said it is braced for more than $1bn losses as it grows its digital bank Chase over the next few years, with the retail lender passing the 500,000 customer mark in the UK today.
London-based venture firm Crane bags £112m for new ‘deeptech’ fund May 24, 2022 London-based venture firm Crane has bagged $140m (£112m) for a fresh ‘deep-tech’ fund today with £30m backing from British Business Bank-owned investor British Patient Capital.
Jope mounts defence of Unilever sustainability after run-ins with top investor May 24, 2022 Unilever boss Alan Jope has mounted a defence of the firm’s focus on sustainability today after a series of bruising bust ups with a top shareholder who accused him of putting purpose over profit.
UK surges ahead of Europe to retain crown as venture capital ‘epicentre’ May 24, 2022 The UK has retained its crown as Europe’s venture capital epicentre with 351 local investors now actively pumping cash into the country’s startups, new data has revealed
Crypto crash could threaten global financial stability, ECB warns May 24, 2022 A continued sell-off frenzy in crypto could threaten the stability of global financial markets, the European Central Bank has warned today.
Exclusive: Politicians jeopardise tech growth with hard-line immigration policy, top tech chief warns May 24, 2022 Open immigration is critical to the success of the UK’s tech sector but politicians are being distracted by hard-line point scoring, a top tech chief has warned.
UK dividends slump to $14.7bn in first quarter after slowdown in special payouts May 24, 2022 UK dividends slumped in the first quarter of the year after a slowdown in frothy one-off payouts that caused an $18.8bn spike between January and March last year.
