Man Group (EMG) grew assets under management (AuM) by 35 per cent to a new peak of $228bn (£169bn) last year on record net inflows, but the hedge fund’s pre-tax profit tumbled by 31 per cent after market conditions hurt its performance fee revenue in the first half. Net inflows of $28.7bn were driven by
OSLO, Feb 26 (Reuters) – Norway’s $2.2 trillion sovereign wealth fund, the world’s largest, is using AI to screen companies for risks such as potential links to forced labour and corruption, and help avoid financial losses as a result, it said on Thursday. One of the world’s largest investors, the fund holds stakes in around
Today, Mars has launched the Mars Impact Fund, a new enterprise-level philanthropic fund. Mars, Incorporated Mars is a company many people know through small, familiar moments. A chocolate bar in a desk drawer. A bag of treats by the door. A pet food brand that becomes part of a family’s routine. Now the family-owned, principle-driven
Members of West Midlands Combined Authority’s Investment Board endorsed the full business case for the West Midlands Supplier Readiness and Transformation Fund- Regional Drive 35 pilot. Get the latest headlines delivered straight to your inbox with the Express & Star’s free newsletter The West Midlands Combined Authority office in Summer Lane, Birmingham. PIC: Google Street
India’s capital markets regulator has updated the framework governing how mutual fund schemes are classified and described, seeking to align product categories with evolving investment strategies while retaining clear investment boundaries for investors. In a circular issued on February 26, the Securities and Exchange Board of India (SEBI) said it has superseded earlier provisions on
The Türkiye Wealth Fund is in talks with international partners over a potential $10-billion petrochemical complex in Türkiye, its chief executive Arda Ermut has said, highlighting the fund’s ambitions to anchor large-scale industrial investments in the country. Speaking at the Istanbul Chamber of Industry on Wednesday, Ermut said discussions with global companies were ongoing and
The recent sell-off of software stocks has worsened the struggles of fund managers deploying a ‘quality’ investment strategy, such as Nick Train and Terry Smith. With investors already rotating into value stocks, fears about AI disruption of previously reliable software and data businesses have compounded the pain. Smith’s Fundsmith Equity (GB00B41YBW71) invested in Relx (REL) rival
Cambridge University’s endowment fund has invested more than £140m ($189m) in a fund that owns shares in companies linked to Israeli human rights violations, Middle East Eye can reveal. The fund, which is meant to protect the university’s long-term finances and is run by the University of Cambridge Investment Management Limited (UCIM), has previously refused
India continues to stand out among global markets. What gives you the most confidence about the medium-to-long-term equity opportunity in India? India continues to distinguish itself on the global stage, offering a rare trifecta of robust growth, manageable inflation, and policy stability. This foundation supports a highly optimistic outlook for corporate earnings over the medium-to-long
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Reform UK government would consolidate local council pension schemes into a near-£500bn “sovereign wealth fund” that it claims would boost economic growth by investing in British businesses. Reform deputy leader Richard Tice said it