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BlackRock has launched the iShare Bitcoin ETP for European investors, allowing access to Bitcoin without direct trading, backed by Coinbase custody. This rapid development has prompted UBS, previously skeptical of cryptocurrencies, to quickly adapt and enter the market, driven by competitive pressures and missed opportunities in the crypto boom. Chief Investment Officer Mark Haefele's past forecasts have often been inaccurate, raising questions about UBS's strategy moving forward.
David Crawford of Nordea Asset Management emphasizes the need for asset managers to engage in climate initiatives to achieve Net Zero targets, expressing disappointment over firms withdrawing from Climate Action 100+ and the Net Zero Asset Managers initiative. Despite challenges, including a lack of support from the US government, there are significant investment opportunities in companies transitioning to sustainable practices. Recent research indicates a growing commitment among UK pension schemes to adopt net zero targets and adjust asset allocations to address climate risks.
Major money managers predict the US stock market will yield around 4% annually over the next decade, significantly below the historical average of 9%. Warren Buffett's $325 billion cash reserve reflects a cautious approach amid high valuations, suggesting he anticipates lower future returns. This strategy aligns with his principle that high asset prices correlate with diminished future gains, a sentiment echoed by many investors today.
PsiQuantum, a Silicon Valley quantum computing startup, has raised over US$750 million, boosting its valuation to US$6 billion. The Australian government has invested US$940 million in the company, which is developing a photonics-based quantum computer and plans to build a facility in Brisbane by 2027. BlackRock leads the funding round, with participation from major investors including Microsoft’s M12 and Temasek.
The SEC emphasizes the need for reforms in money market funds to mitigate structural vulnerabilities that could destabilize short-term funding markets. Concerns arise over potential mandatory capital buffers and a central liquidity exchange bank, which could threaten the government money fund sector. As low interest rates continue to impact the industry, major players like Fidelity and Vanguard are adapting by shifting focus to ultra-short bond funds, while consolidation among larger firms may intensify due to increased regulatory costs.
Emirates NBD has partnered with BlackRock to create an investment platform that will provide wealth clients in the UAE access to private market investments, traditionally reserved for institutional investors. This initiative aims to broaden access to alternative investments, with an initial focus on income and growth strategies. BlackRock will leverage its expertise and resources to support Emirates NBD Asset Management's expansion in this rapidly growing sector.
The SEC emphasizes the need for reforms in money market funds to mitigate structural vulnerabilities that could destabilize short-term funding markets. Concerns arise over potential mandatory capital buffers and a central liquidity exchange bank, which could threaten the government money fund sector. As low interest rates continue to impact the industry, major players like Fidelity and Vanguard are adapting by shifting focus to ultra-short bond funds, while consolidation among larger firms may intensify, leading to an accidental oligopoly.
The taxpayer's stake in NatWest, formerly known as Royal Bank of Scotland, has dipped below 4%, now standing at 3.95% after a recent share sale. This marks a significant reduction from the 84% stake acquired during the 2008 bailout, as the bank moves closer to full privatization. Investment group BlackRock has taken over as the largest shareholder, while plans for a public sale of remaining shares were abandoned following the last general election.
Isabella Disler, formerly head of engineering for Goldman Sachs' Marcus consumer bank, has joined JPMorgan as MD and global head of observability. With a 23-year tenure at Goldman, she previously led firmwide engineering excellence and developer Gen AI initiatives. Disler's move follows a trend of MDs transitioning to JPMorgan after the closure of Marcus.
Fidelity has joined the ranks of BlackRock and UBS in the burgeoning market of tokenised Treasuries, which has surged to nearly $11 billion in value. The financial giant plans to launch an Ethereum-based money market fund, OnChain, primarily investing in US government bonds and cash, while maintaining traditional ownership records alongside blockchain transactions.
BlackRock, Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs races to catch up in bitcoin investment after blackrock launch
07:11 28.03.2025
asset managers urged to support climate initiatives for net zero goals
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money market funds face potential reforms amid industry consolidation concerns
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05:10 26.03.2025
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03:30 26.03.2025
money market funds face potential reforms amid industry consolidation concerns
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03:19 26.03.2025
taxpayer stake in natwest falls below four percent as privatization nears
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21:25 25.03.2025
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18:49 25.03.2025
Fidelity launches tokenised money market fund amid growing real world asset market
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16:55 25.03.2025
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