A Futurist’s Glimpse into AI, Blockchain and Investment October 16, 2018 | Sponsored I’m Benjamin Boyle, COO of Drive Markets, an institutional cryptocurrency exchange that offers a trading and issuer experience more in line with the capital and forex markets. I also own a controlling stake in Caipiteal, a company that uses data analysis to develop advanced investing strategies. When I was asked to write this piece, I [...]
Blackrock reports boosted earnings but ‘disappointing’ net flows October 16, 2018 Blackrock, the world's biggest asset management firm, has reported a rise in earnings in its third quarter results, but revealed net outflows of $3bn (£2.27bn). Assets under management were also up by 8 per cent from $5.97 trillion (£4.52 trillion) between July and September 2017 to $6.44bn trillion this year. Read more: Blackrock wins £30bn investment contract from [...]
Brexit: 23 answers to investors’ questions October 16, 2018 | City Talk The UK’s scheduled departure from the EU is fast approaching. Many observers are hopeful for an orderly withdrawal. But plenty of potential pitfalls between now and Brexit-day which could result in a chaotic divorce. The only near-certainty at present is that the UK will cease to be a full member of the EU on 29 [...]
Allianz artificial intelligence fund passes £880m mark October 15, 2018 Allianz Global Investors' artificial intelligence (AI) fund has passed the €1bn (£880m) assets under management mark 18 months after its launch. The Global Artificial Intelligence Fund, which was launched in March last year, invests in companies developing AI systems in a bid to benefit from rapid advancements in disruptive technology such as Big Data analysis, machine learning, self-driving cars [...]
Blackrock wins £30bn investment contract from Scottish Widows as owner Lloyds walks away from Standard Life Aberdeen October 12, 2018 Blackrock today won a £30bn investment contract in Lloyds Banking Group-owned Scottish Widows. The asset manager will invest the pension company’s funds in index strategies while also seeking to establish a strategic partnership to collaborate in risk management, alternative asset classes and innovative investment technology, Lloyds said. The money forms part of a £110bn pot [...]
Asset management firm Man Group announces boosted inflows and opens Jersey holding company October 12, 2018 Man Group, the worlds largest listed asset management firm, has reported an increase in funds under management in a trading update today. The fund saw net inflows of $0.4bn (£0.3bn) in the three months to the end of 30 September, it announced today, as it also revealed its intention to open a new group holding company in Jersey. [...]
Investor demand for environment-friendly firms is becoming ‘phenomenon’ says top Barclays banker October 11, 2018 Demand for investments in businesses pursuing environmentally and socially responsible aims is building up unstoppable momentum, according to a top banker at Barclays. Joe McGrath, global head of banking at the British bank, says the growth of environmental, social, and governance (ESG) concerns in business has become a “phenomenon” in the last five years. ESG [...]
Gam shares leap more than 12 per cent on takeover rumours October 10, 2018 Shares in troubled fund manager Gam have shot up by more than 12 per cent on the news it could be taken over by a mystery buyer. Shares were up by 12.53 per cent in afternoon trading. Bloomberg reported that informal talks were being held with potential buyers looking to acquire the entire business or [...]
Token Intelligence: When the revolution begins October 9, 2018 When will it kickoff? It already has! (You just cannot see it yet). Perhaps the most enjoyable part of my role these days is that I get to meet some of the brightest minds in business, not least via ICOrad.io interviews, but also strategy sessions – this last week with a sector leading CEO who [...]
Saudi asset manager Sedco adds £137m of European property to portfolio October 9, 2018 Saudi asset management firm Sedco has invested £137.5m in European property, including two sites in the UK. The firm has acquired a £31.8m 25-acre distribution site in Yorkshire, which is occupied by Eddie Stobart, and a £35.2m office complex in Bracknell, Berkshire, which is currently leased by Vodafone. Read more: Property bosses cull delivery vans in bid to [...]
