Green asset classes are proliferating

IF THE WORLD is to tackle global warming, vast amounts of money—$ 3.5trn annually from now until 2050, according to the International Energy Agency, a forecaster—will have to flow into clean-energy research and generation. Capital will have to shift from carbon-intensive industries into clean ones. That means asset managers will have to offer more green […]

The Perils of Second Place: Denali Is GMC’s Biggest Worry, Greatest Asset

Travel back in time and tell someone that luxury pickup trucks will one day become the auto industry’s biggest money makers. They’ll laugh, but you’ll have the last one. As the Denali sub-brand grows in importance for parent General Motors, the luxo treatment applied to GMC trucks and SUVs has never been in more danger from […]

Italy’s resilient savers are driving consolidation in asset management

THE rumour mill is grinding again. In early 2017 reports swirled of a possible merger between Generali, Italy’s biggest insurer, and Intesa Sanpaolo, the country’s second-biggest bank. That deal came to nothing. But Intesa is still looking for a partner. Now it is said to be in talks with BlackRock, the world’s biggest asset manager, […]

GOLDMAN SACHS: Cautious investors are missing out on an asset class that has rarely been better to own

Getty/Sean-Gallup Goldman Sachs‘ commodity strategists are reiterating their bullish call on commodities. “The strategic case for owning commodities has rarely been stronger,” Jeffrey Currie, Goldman’s head of global commodity research, said in a note on Tuesday. Goldman Sachs is doubling down on its bullish bet on commodities. The firm’s commodity strategists reiterated their call in […]

The gender pay gap at the UK’s biggest banks, asset managers, and insurers — from best to worst

Reuters LONDON — New figures show that men earn an almost 60% more than women on average at some of the UK’s top financial institutions. UK companies with more than 250 employees have been forced to reveal their gender pay gaps under new rules introduced by the British government. Business Insider rounded up all the […]

VR investor moves into cryptocurrency with asset store Rarebits

EXCLUSIVE: If you’re wondering where the virtual reality investors have gone, Amitt Mahajan is a good example. He is the cofounder of the Presence Capital, which made millions of dollars of investments in 40 VR startups. Now he’s gone crypto. Mahajan has put the VR fund on hold for a bit while joining Rarebits as […]

Former Director of National Intelligence James Clapper: Putin is handling Trump like a Russian ‘asset’

AP Former US Director of National Intelligence James Clapper said Monday that Russian President Vladimir Putin is handling President Donald Trump as an intelligence “asset.” Trump has frequently praised the Russian leader and expressed the desire to foster closer ties with Russia. The two also share similar views on a number of topics, like the […]