Bloomberg

Bloomberg
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BlackRock sees investors turning to thematic ETFs to hedge against inflation
INVESTING ESG AUG 08, 2022
BlackRock sees investors turning to thematic ETFs to hedge against inflation

Interest seen in infrastructure, food-related and clean-energy themes as investors look for long-term structural trends.

Pimco sees $29 billion in outflows as rate hikes hit bond funds
INVESTING FIXED INCOME AUG 05, 2022
Pimco sees $29 billion in outflows as rate hikes hit bond funds

The global sell-off in bonds results in the second straight quarter in which the asset management company's clients pulled money from its funds.

BlackRock partners with Coinbase to expand into crypto
INVESTING ALTERNATIVES AUG 04, 2022
BlackRock partners with Coinbase to expand into crypto

Institutional investors will be able to use BlackRock's Aladdin investment management system to oversee their exposure to bitcoin along with assets such as stocks and bonds.

Morningstar probed by Missouri over its ESG evaluations
INVESTING ESG AUG 04, 2022
Morningstar probed by Missouri over its ESG evaluations

The state attorney general is looking at whether the company or its Sustainalytics unit violated a consumer protection law or another law that prevents the state from entering into contracts with companies that boycott goods or services from Israel.

Robinhood slashes 23% of workforce; chief product officer departs
YOUR PRACTICE FINTECH AUG 03, 2022
Robinhood slashes 23% of workforce; chief product officer departs

The app-based brokerage's reductions were concentrated in operations, marketing and program management functions.

Senate bill would give CFTC more sway over crypto trading
INVESTING ALTERNATIVES AUG 03, 2022
Senate bill would give CFTC more sway over crypto trading

The new proposal would give the derivatives regulator direct oversight of tokens that qualify as 'digital commodities.'

Venture capital firm aims to manage fortunes of tech founders
NEWS INDUSTRY NEWS AUG 03, 2022
Venture capital firm aims to manage fortunes of tech founders

Andreessen Horowitz, nicknamed a16z, hired Michel Del Buono from Jordan Park as chief investment officer.

TD buying Cowen for $1.3 billion, adding to its presence in US
NEWS INDUSTRY NEWS AUG 02, 2022
TD buying Cowen for $1.3 billion, adding to its presence in US

The deal addresses the Canadian bank's relative weakness in the capital markets business compared to its larger competitors in Canada and deepens TD's reach into the US.

Citigroup plans to hire 500 people for new wealth unit
YOUR PRACTICE PRACTICE MANAGEMENT AUG 02, 2022
Citigroup plans to hire 500 people for new wealth unit

The division caters to junior employees at private equity offices, consultancies and accounting firms, betting those clients will someday join the ranks of the ultra-wealthy.

JPMorgan strategist stands out with call for stocks rebound
NEWS INDUSTRY NEWS AUG 02, 2022
JPMorgan strategist stands out with call for stocks rebound

JPMorgan's Marko Kolanovic expects a rebound in stocks on attractive valuations and as the peak in investor bearishness has likely passed.