Management
- Finance
Invesco sees ‘crypto spring’ after crash wiped demand for digital assets: ‘We will see people coming back’
Invesco, the $1.4tn US asset manager that launched one of Europe’s first bitcoin products, predicts that a “crypto spring” will…
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ETF platform targets asset managers planning crypto launches
A platform that helps asset managers launch exchange-traded funds is broadening its offering to the crypto space, claiming the sector has…
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CEO of crypto lender Genesis exits as 20% of workforce laid off
Genesis Global Trading is laying off 20% of its 260-person workforce weeks after court filings revealed that the crypto brokerage…
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World’s only monkeypox vaccine maker uncertain it can meet demand, Bavarian Nordic CEO warns
“Demand keeps rising and it’s no longer certain that we can continue to meet the demand we’re facing even with…
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Spac activity slumps to 2017 levels as blank-cheque boom fades
Spacs were one of the hottest investments on Wall Street early last year, booming alongside cryptocurrencies, meme stocks and other speculative trades…
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Abrdn, Ashmore among most-shorted UK stocks as BlackRock, GLG bet against shares
Abrdn and Ashmore are among the 10 most-shorted companies in the UK, with BlackRock, GLG Partners and Point72 among the investment giants…
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Buffett doubles down on energy through volatility as Berkshire Hathaway backs Apple again
Warren Buffett’s Berkshire Hathaway scooped up millions more shares of Apple and doubled down on its energy investments, while the stock market swooned in…
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Abrdn speeds up pay rises to help staff earning less than £75k amid cost-of-living crisis
Abrdn, the Edinburgh-headquartered asset manager, has brought forward a pay increase for around half of its 5,000 strong global workforce…
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DWS boss Stefan Hoops hits back at ‘critical reporting’ on asset manager
The new chief executive of DWS has taken to social media to defend the asset manager over what he claims…
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How to Define Your Short-Term Goals for Long-Term Success
Opinions expressed by Entrepreneur contributors are their own. Short-term business goals are the secret ingredient to achieving long-term company goals.…
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Is there a risk index funds could fade after a spectacular run?
Hunter Lewis is CEO of Hunter Lewis and a co-founder and former CEO of Cambridge Associates. He is best known…
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Abrdn swings to £320m loss after brutal first half
Abrdn, the FTSE 100 listed asset manager, posted a £320m loss for the first six months of the year, following…
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Abrdn dives into crypto with stake in digital securities exchange
Abrdn has acquired a stake in digital securities exchange Archax, following through on the £508bn asset manager’s ambitions to enter…
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Carlyle exec Nathan Urquhart joins CEO Kewsong Lee in departing PE firm
Management changes at Carlyle Group continued on 10 August, as the company said another high-ranking executive is leaving, just days after the…
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Freshfields hires former Ropes & Gray, Goldman Sachs finance lawyer as partner
Freshfields Bruckhaus Deringer has hired leveraged finance lawyer Carol Van der Vorst as a partner in its private equity team…
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Musk ditches $7bn in Tesla stock as Twitter deal uncertainty continues
Elon Musk sold nearly $7bn worth of Tesla stock in recent days, regulatory disclosures show, amid uncertainty over the fate of his…
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SoftBank set for $34bn gains by reducing Alibaba stake
SoftBank said 10 August that it planned to reduce its stake in Chinese e-commerce company Alibaba as part of a settlement of financial…
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LSE chief Julia Hoggett: ‘Rolling me out as an example of diversity is evidence we haven’t fixed it yet’
Julia Hoggett has not had the easiest of starts at the 220-year-old London Stock Exchange. She took over the role…
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Elon Musk offloads nearly $7 billion in Tesla stock
Elon Musk sold almost $7 billion in Tesla Inc. stock in recent days, according to filings Tuesday with the Securities…
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HBOS, Fidelity, Jupiter top £10.7bn ‘dog funds’ list
Investments managed by HBOS, Fidelity and Jupiter have been branded some of the worst-performing in the UK, with billions of pounds languishing…
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China’s threat to Taiwan should also worry global tech investors
Technology investors are on pins and needles, waiting to see if US House Speaker Nancy Pelosi’s historic visit to Taiwan…
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Carlyle board met CEO’s early contract proposal with silence
As Kewsong Lee’s five-year contract was drawing to a close, advisers to Carlyle Group’s chief executive worked with representatives of the buyout…
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Man with moonshot ideas: Celsius CEO Alex Mashinsky’s rocky journey
For some 30 years, Alex Mashinsky barreled into whatever was the hot technology of the time, promising revolutions in long-distance…
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Carlyle boss Kewsong Lee to step down
Carlyle chief executive Kewsong Lee is leaving the private-equity firm, as it struggles to expand and its shares lag. Carlyle…
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Did Warren Buffett’s Berkshire Hathaway buy the dip? Here’s when you will know
Warren Buffett went on a buying spree in the stock market during the first quarter, when Berkshire Hathaway purchased $51bn of equities,…
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5 Lessons We Can Learn About Leadership from Barbecue
Opinions expressed by Entrepreneur contributors are their own. For thousands of years, humans have gathered around a fire, relying on…
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Binance’s co-founder just took over its venture capital arm – here’s why it matters
Binance’s venture capital arm looks set to play a more prominent role in the crypto giant’s business after its billionaire co-founder, Yi…
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Too Many Meetings Suffocate Morale & Productivity
Too many meetings suffocate morale and productivity getty Early stage companies have many demands on an employee’s time. From getting…
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PayPal Names Former Electronic Arts Executive Blake Jorgensen as CFO
PayPal Holdings Inc. named Blake Jorgensen as its next finance chief, succeeding John Rainey, who left the digital payments giant…
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ESG scandals put pressure on fund boards: ‘If things go pear-shaped, they will be held accountable’
It’s been a tough year for ESG. The swift regulatory response to allegations of greenwashing has spooked asset managers. “When…
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MicroStrategy boss Michael Saylor steps down amid $1.6bn loss
MicroStrategy CEO Michael Saylor said he would step down from the top job next week and assume the role of…
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Robinhood to lay off 23% of its workforce, with CEO admitting ‘this is on me’
Robinhood Markets Inc. plans to cut its staff by 23%, citing the weakening economic environment and depressed trading activity. Chief…
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HSBC execs try to assuage Hong Kong shareholders
Top executives of HSBC met with the bank’s shareholders in Hong Kong on 2 August and sought to convince small investors that…
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JPMorgan juniors see bonus cuts as banks rein in pay costs
JPMorgan has cut back bonuses for junior bankers this year following successive salary hikes at the Wall Street bank over…
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Lazard eyes senior dealmaker hires as larger rivals cut back amid downturn
Independent investment bank Lazard is set to hire more senior bankers despite a downward shift in the dealmaking boom that…
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What The Greatest Showman Taught Me About Selling Effectively
Opinions expressed by Entrepreneur contributors are their own. For many startups, sales is the last thing they want to focus…
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Trading Places: All change at Credit Suisse, Barclays poaches from JPMorgan
This week’s job moves were dominated by Europe’s investment banks as second-quarter results season continued. There was no bigger change…
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Intel stock plummets after wide earnings miss, execution mistakes
Intel Corp. shares plunged in the extended session Thursday after the chip maker missed Wall Street estimates by a wide…
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Credit Suisse names Ulrich Körner as new CEO as it unveils fresh overhaul after $1.7bn loss
Credit Suisse has named Ulrich Körner as its new chief executive, ousting current boss Thomas Gottstein as the Swiss bank looks to recover…
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Schroders suffers in ‘challenging’ environment as investors flee mutual funds
Tough market conditions continue to batter leading asset managers, as Schroders becomes the latest major fund house to report sliding…
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SEC’s Gensler slams sluggish pace of audit reform
Securities and Exchange Commission chair Gary Gensler said the US audit regulator has been slow to update its rules, in…
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Facebook revenue declines for first time, and Meta’s downfall is expected to get worse
The second quarter was as bad as Meta Platforms Inc. executives feared, and the third quarter is expected to be…
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Hiring? Make Sure You’re Offering Benefits That Top Talent Actually Want.
Opinions expressed by Entrepreneur contributors are their own. When I talk to small and midsize business owners about their recruit-retain…
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UBS CEO Hamers: We won’t stop hiring or cut jobs yet
UBS chief executive Ralph Hamers said that the bank is not planning a hiring freeze or job cuts despite missing…
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Litigation funder Therium hires from Slaughter and May, Wachtell as it embarks on record fundraise
Litigation funder Therium has tapped up elite law firms for four new investment managers as it prepares to raise its…
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Credit Suisse CEO Thomas Gottstein to quit after $1.65 billion loss in second quarter
Credit Suisse AG CSGN, +1.40% said Wednesday that Chief Executive Thomas Gottstein is leaving the company and will be replaced…
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BlackRock dials down climate proposals
BlackRock supported fewer climate-related shareholder proposals this year. In a report released on 26 July, the asset manager said it…
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Barclays hires JPMorgan’s Enrico Massaro after consumer and retail dealmaker departures
Barclays has hired a JPMorgan dealmaker to lead and rebuild its coverage of consumer and retail companies in Europe following…
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Musk is in tough spot with Tesla margins shrinking despite price rise
Therese Poletti writes the ‘Tech Tales’ column for MarketWatch Even as Telsa “Technoking” Elon Musk said the electric-vehicle maker’s current…
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Moelis & Co promotes John Momtazee to lead new blockchain dealmaking unit
Boutique Moelis & Co is the latest investment bank to tackle the digital asset sector, launching a new team of…
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