A recent study by Clearwater Analytics indicates that a majority of global asset management firms plan to increase their AI budgets by at least 50% within the next year. This surge in investment is driven by AI's transformative impact on labor-intensive operations, data management, decision-support systems, and predictive modeling in the finance industry.
Short sellers are targeting companies exploiting the AI market frenzy, citing speculative excesses, rebranding, and vulnerable legacy models, drawing parallels to the dot-com bubble.
SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both rolesInvestors in JP Morgan have been urged to vote in favour of splitting the role of chief executive and chair at America’s largest bank, amid concerns over the power wielded by its billionaire boss Jamie Dimon.ISS and Glass Lewis, which issue advice to some of the world’s biggest fund managers on how to vote at annual investor meetings, have thrown their weight behind a shareholder resolution that would ensure two separate people hold the office of chair and chief executive “as soon as possible”. Investors are due to vote on the resolution at the bank’s annual general meeting on 19 May. Continue reading...
Institutional investors are gradually increasing crypto exposure as Bitcoin leads allocation preferences amid rising fund inflows and improving market sentiment.
Fund managers and investment banks predict Chinese stocks will maintain resilience shown since the Middle East war began, driven by haven demand for yuan-linked assets, recovering property prices in first-tier cities, and upcoming tech IPO additions to Hong Kong benchmarks. Morgan Stanley expects AI companies like Knowledge Atlas and MiniMax to join key indices in June, drawing fresh capital.
