British hedge fund manager Man Group said assets rose 5% in the first half of the year, helped by performance in its computer-driven strategies, boosting fee income and sending its shares higher. Source link
Month: July 2019
British hedge fund Man Group first-half AUM rises on market gains, loses cash
British hedge fund manager Man Group on Wednesday reported a 5% increase in assets under management in the first half, boosted by performance in its computer-driven strategies, even as the company… Source link
St. James's Place first-half inflows slow, misses on operating profit
British wealth manager St. James’s Place said on Wednesday that weaker client sentiment weighed on inflows of new money in the first half of the year while costs rose, leading it to miss forecasts… Source link
Roche, Spark extend $4.3 billion takeover again, this time to September 3
Roche and Spark Therapeutics announced another extension of the Swiss drugmaker’s $4.3 billion takeover offer for the U.S. gene therapy specialist as regulatory reviews in the United States and Britain continue. Source link
Where Floods of ‘Biblical Proportion’ Drowned Towns and Farms
Floodwaters swamped more than half a million acres of forest and farmland in the lower Mississippi Delta more than six months ago, gulping up highways and homes, livestock and tractors. Source link
Apple Reports Declining Profits and Slowing Growth, Again
The Silicon Valley behemoth said that its revenue rose slightly in the most recent quarter, but profits still fell as iPhone sales continued to decline. Source link
AFCA looks to improve fairness
New appointment to lead creation of clear and consistent complaint resolution framework Source link
Fintech urges regulators to better support Australians
Utilising data would allow for more nuanced government aid beyond rate cuts, says non-bank CEO Source link
Tool delivers on time-saving promise
One user says the new technology shaves off 30 minutes per loan application Source link
Trump warns China not to wait for 2020 U.S. election to make trade deal
U.S. President Donald Trump on Tuesday warned China against waiting out his first term in office to finalize any trade deal, saying if he wins re-election in the November 2020 U.S. presidential contest, the outcome could be no agreement or a worse one. Source link