More Diverse Managers Are Raising Venture and PE Funds at Fastest Pace, Research Finds
The number of women- and minority-owned private equity and venture capital firms in the US grew nearly 20% from 2022 to 2023.
Asset Management Culture
Asset Managers Ponder Investments in AI as Security Risks Compound
A study from Rackspace shows that asset managers are seeking to implement artificial intelligence in their workflow.
At Fidelity, AI Provides Extra Eyes to Spot Red Flags
The artificial intelligence application Saifr uses natural language processing to help portfolio managers, sales and other staff review public-facing communication.
World’s Largest Asset Managers Lost $18T in 2022, According to WTW
Discretionary assets declined to $113.7 trillion last year, largely due to the difficult investment climate.
Rockefeller Foundation Commits More Than $1B Over 5 Years to Climate Transition
The philanthropic organization announced the strategy is unprecedented in the foundation’s 110-year history.
Norges Bank Will Study How Psychological Safety Can Improve Performance
The $1.4 trillion pension fund manager’s two-year research project will also investigate how resilience and sport psychology can boost results.
Tech’s Toughest Cuts Could Draw New Talent to Asset Management
Asset managers are eyeing thousands of workers laid off by the tech industry as asset management firms build out their own capabilities.
As COVID Recedes, Can Gold Maintain Its Lofty Level?
The commodity has been having a good month despite a recent report of low demand.
Microsoft Threatens Apple’s Market Cap Supremacy
Both once seen as has-beens, the two tech giants draw closer as the software firm picks up speed.
Credit Suisse to Pay Nearly $500 Million to Settle Mozambican Bond Charges
The investment bank was charged with financial crimes involving kickbacks and bribes to government officials.
Asset Managers Are Feeling Leery, BofA Survey Finds
The bank says its survey is the ‘least bullish’ since October 2020.
The Fed Will ‘Wimp Out’ on Tightening, Roubini Predicts
Dr. Doom’s latest call: Forget about rate hikes or tapering, at least anytime soon.
Dartmouth to Phase Out Fossil Fuel Investments
The college warns that climate change effects are ‘real, far-reaching, and getting worse.’
COVID-19 ‘Fault Lines’ Cause IMF to Downgrade Forecast
Supply chain disruptions and inflation pressures weigh down the World Economic Outlook.
BlackRock Launches Service to Include Annuities in 401(k) Plans
The asset management giant has signed up five sponsors in a new program aiming to provide a lifetime of retirement income.