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Charles Munger dies aged 99
NEWS INDUSTRY NEWS NOV 28, 2023
Charles Munger dies aged 99

Warren Buffett pays tribute to the foil and sidekick who helped build Berkshire Hathaway empire.

Envestnet rides boom in model portfolios
YOUR PRACTICE FINTECH NOV 28, 2023
Envestnet rides boom in model portfolios

The firm's platform offers around 2,000 customized products from some 150 asset managers, tapping into rising demand for bespoke portfolios.

UBS chair warns about bubble in private credit
INVESTING ALTERNATIVES NOV 28, 2023
UBS chair warns about bubble in private credit

Colm Kelleher joins other executives and regulators warning of growing risks in the booming market.

Citi strategists say US stock rally likely ending
NEWS INDUSTRY NEWS NOV 28, 2023
Citi strategists say US stock rally likely ending

Bullish signals for futures are fading but there could still be some gains ahead.

Sale for $22B alternative asset manager Castlelake?
NEWS INDUSTRY NEWS NOV 28, 2023
Sale for $22B alternative asset manager Castlelake?

Minneapolis-based firm reported to be considering options.

Investors poured $10B into US emerging market ETFs in 2023
INVESTING ETFS NOV 28, 2023
Investors poured $10B into US emerging market ETFs in 2023

Total reflects improving sentiment for developing economies' outlook.

BlackRock plan would free up to $4T in climate change funding
NEWS INDUSTRY NEWS NOV 28, 2023
BlackRock plan would free up to $4T in climate change funding

As COP28 gets underway, reform of multilateral development banks is proposed.

Stocks decline on long-term growth prospects
INVESTING EQUITIES NOV 27, 2023
Stocks decline on long-term growth prospects

Weak China data has added to growing pessimism.

Oil market may be oversupplied, OPEC+ meeting in focus
NEWS INDUSTRY NEWS NOV 27, 2023
Oil market may be oversupplied, OPEC+ meeting in focus

Oil prices are under pressure ahead of a key production cut decision.

ESG investors concerned about 'AI blowback'
NEWS INDUSTRY NEWS NOV 27, 2023
ESG investors concerned about 'AI blowback'

Fund managers are worried about risks in the big tech sector.