Fund management news and industry analysis

Highlights

6:48pm COMPANIES

JPMorgan loses top executive to Carlyle

Michael Cavanagh, co-chief executive officer of corporate and investment bank with JPMorgan Chase & Co., listens during a Senate Permanent Subcommittee on Investigations hearing in Washington, D.C., U.S., on Friday, March 15, 2013. JPMorgan Chase, the biggest U.S. bank by assets, compensated chief investment office traders in a way that encouraged risk-taking before the unit amassed losses exceeding $6.2 billion, a Senate committee said. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Michael Cavanagh

©Bloomberg

Cavanagh had been seen as a favourite to succeed Dimon

Editor’s choice

Bill and his Grossly ‘indefensible’ salary

Bill Gross, co-chief investment officer of Pacific Investment Management Co. (PIMCO),

©Bloomberg

Chris Newlands asks if the founder of Pimco is worth $200m per year

Bondholders’ rights and returns diluted

A stockbroker gestures while monitoring financial data on his computer screens at Shore Capital Group Ltd. brokerage in London, U.K., on Thursday, March 28, 2013. Cyprus's banks opened for the first time in almost two weeks, with new rules curbing access to cash preventing an initial panic to withdraw deposits. Photographer: Chris Ratcliffe/Bloomberg

©Chris Ratcliffe/Bloomberg

As demand for high-yield bonds outpaces supply, issuers are changing the rules on borrowing money

Pro-Russian Crimeans hold a sign reading "Hello Russia!" as they gather to celebrate in Simferopol's Lenin Square on March 16, 2014 after exit polls showed that about 93 percent of voters in Ukraine's Crimea region supported union with Russia. Crimeans voted overwhelmingly to join former political master Russia as tensions soared in the east of the splintered ex-Soviet nation amid the worst East-West crisis since the Cold War. AFP PHOTO/Filippo MONTEFORTEFILIPPO MONTEFORTE/AFP/Getty Images

©AFP

9:08am EQUITIES

Funds cut Russian holdings after sanctions

Investors fear possible extensions to measures

LONDON, UNITED KINGDOM- MARCH 04: Construction workers walk along the north bank of the river Thames in front of the City of London and the Tower of London on March 4, 2014 in London, England. (Photo by Oli Scarff/Getty Images)

©Getty

Mar 24, 2014 COMPANIES

City watchdogs focus on big hedge funds

FCA targets funds posing largest potential risk to system

9:12pm COMPANIES

Madoff lieutenants found guilty of fraud

Convicted former staffers face 30-year sentences

©Miguel Villagran/Getty

Mar 23, 2014 The Big Picture from INVESTMENT STRATEGY

Bumper profits bring big staff bonuses

Pay in asset management is on the rise

ETFs

Scottish referendum

Thousands of pro-independence campaigners march through Edinburgh on September 21,2013 in Edinburgh, Scotland

©AFP

BlackRock wades into the debate on Scottish independence and the implications for investors

Mar 23, 2014 INVESTMENT STRATEGY

Witan busts benchmark despite reshuffles

CEO admits to ‘heavy heart’ over severing of link with Henderson

Elderly women use walking sticks as they carry shopping bags on a street in Folkestone, UK, on Tuesday, April 9 2013

©Bloomberg

Mar 23, 2014 PENSIONS INDUSTRY

Pension overhaul to profit fund companies

UK retirement revolution creates opportunities for new products

The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington, September 8, 2008. Fannie Mae's and Freddie Mac's stocks took a dive while their debt soared Monday, as investors bet the U.S. government's takeover of the mortgage finance firms would wipe out shareholders but fully guarantee their bonds. REUTERS/Jason Reed (UNITED STATES)

©Reuters

Mar 23, 2014 FTFM OPINION

Privatise albatrosses into golden geese

Selling state assets makes good business sense

Mar 23, 2014 REGULATION & GOVERNANCE

Fund manager pay outstrips banks

Rising competition for talent is driving increase in remuneration

Bill and his Grossly ‘indefensible’ salary
The Big Picture Bumper profits bring big staff bonuses

The escalating tensions over Ukraine are viewed through the prism of financial contagion to Russia, an important emerging market

©Baz Ratner/Reuters

Mar 23, 2014 The Last Word from FTFM OPINION

‘Teflon’ markets push limit of resilience

The line between confidence and complacency has become blurred

Columnists

Comment

View from America

Shale is not a miracle; it is a high-cost source of fuel that requires skill, time and capital, writes John Dizard

The Last Word

Nicholas Spiro of Spiro Sovereign Stratergy

The line between confidence and complacency has become blurred, says Nicholas Spiro

ABOUT FTfm

FTfm is the voice of the global fund management industry, providing must-have news and sharp analysis to the world’s top asset managers and professional investors.

FTfm videos

FTfm people

Face to face

Highlights

Cavanagh had been seen as a favourite to succeed Dimon

Investors fear possible extensions to measures

FCA targets funds posing largest potential risk to system

Convicted former staffers face 30-year sentences

Pay in asset management is on the rise

CEO admits to ‘heavy heart’ over severing of link with Henderson

UK retirement revolution creates opportunities for new products

Selling state assets makes good business sense

Rising competition for talent is driving increase in remuneration

The line between confidence and complacency has become blurred

More stories

ABOUT FTfm

FTfm videos

FTfm people

Most popular in FTfm

Reports

TOOLS & SERVICES

Multimedia

Tools

Updates

Quick links

Services