WuXi AppTec's Hong Kong-traded stock jumped 37% as major shareholders JPMorgan Chase, UBS Group, and BlackRock increased their stakes. The company is set to release its half-year earnings on August 3, with high market expectations.
South Korea's financial watchdog chief, Lee Chan-jin, urged asset managers to better protect consumers due to increased market volatility and the rapid growth of the ETF market. Concerns were specifically raised about single-stock leveraged ETFs.
UK Business Secretary Peter Kyle urged pension funds to increase investment in British companies, threatening legal mandates if voluntary efforts fail. He expressed frustration with the lack of domestic investment despite government initiatives and reforms, emphasizing a "patriotic duty" for asset managers.
Ethereum's institutional outreach is being restructured with two new organizations, Ethereum Institutional and Ethlabs, funded by major ETH treasury firms like Bitmine and Sharplink. This shift aims to separate commercial functions from the Ethereum Foundation, focusing on sales and technical readiness respectively, as the Foundation redefines its role as a neutral steward.
Yuma's Total Market Fund offers institutional investors a single-point entry to Bittensor's decentralized AI ecosystem, including its TAO token and 128 subnets, amidst growing institutional interest and regulatory shifts in the AI sector.
South Korean asset management firms experienced a near doubling of their combined net income in the first quarter of the year, reaching 1.47 trillion won. This surge is primarily attributed to a significant increase in commission income.
South Korean asset managers, including Korea Investment Trust Management and Mirae Asset Management, have been unable to secure shares in SpaceX's IPO through Mirae Asset Securities, their underwriter. The failure to allocate shares means their plans to include SpaceX in their ETFs are now in jeopardy.
French asset managers face challenges influencing company strategies despite increased shareholder engagement post-2019 law. Even significant shareholders like Fédéractive struggle against dominant family holdings, highlighting governance hurdles.
Two investment firms within the Heylo Housing group, backed by BlackRock, have collapsed into administration, putting over £52m in public funds at risk. The Regulator of Social Housing is working to prevent 3,500 homes from moving to the private sector.
Cathay Pacific Airways has raised HK$2.08 billion (US$265.4 million) by selling Hong Kong dollar-denominated bonds to boost its working capital, tapping the public bond market for the first time. Hong Kong’s flag carrier said on Friday that the bond issuance was the biggest of its kind by a locally based, non-public sector company. The three-year bonds, which carried a fixed interest rate of 3.78 per cent, were sold mainly to professional investors such as asset managers, banks and private...
