‘We do not accept the FCA’s characterisation’: Neil Woodford firm responds to watchdog

Former star fund manager Neil Woodford’s comeback venture has responded to the UK financial watchdog, arguing it ‘does not accept’ its characterisation of its site, after the regulator launched civil proceedings. W Four Point Zero FZE, which trades as W4.0 and is registered in the United Arab Emirates, rebuffed the Financial Conduct Authority’s (FCA) decision [...]

MiB: Joe McLean, MAI Capital

On this special bonus episode — as Jalen Brunson and the New York Knicks take on Victory Wembanyama and the San Antonio Spurs in the NBA Finals — I speak with Joe McLean, managing partner of sports & entertainment at MAI Capital Management. Known in NBA circles as being the “money whisperer”, Joe…

Read More

The post MiB: Joe McLean, MAI Capital appeared first on The Big Picture.

‘Novel and extreme’: Analysts calls out SpaceX governance days before IPO

Analysts and major institutional investors have expressed alarm over the corporate governance of SpaceX as its Wall Street debut creeps closer. The concerns from institutional investors, in particular public pension funds, over corporate governance at Elon Musk’s space tech company “run deep”, with firms in New York and California deeming the structure “novel and extreme”. [...]

OpenAI files to go public as the race between tech giants heats up

OpenAI has confirmed plans for an initial public offering as it looks to beat fellow artificial intelligence giant Anthropic to Wall Street. The artificial intelligence firm, led by chief executive Sam Altman, submitted paperwork to the US Securities and Exchange Commission for an IPO on Monday. OpenAI did not disclose the size or terms of [...]

FCA seeks injunction against Neil Woodford over ‘unauthorised’ investment advice

The financial watchdog has launched civil proceedings against former star fund manager Neil Woodford and his comeback venture over allegedly providing unauthorised investment advice. The Financial Conduct Authority (FCA) has started civil proceedings against Woodford and W Four Point Zero FZE, which trades as W4.0. The FCA alleges that Woodford and W4.0, which is registered [...]

Blackstone looks to shed $2bn of stakes in private investment funds

Blackstone is looking to offload over $2bn of stakes held in private investment funds, presenting a test of investors’ appetite for ageing private equity vehicles. The firm is promoting a so-called collateralised fund obligation (CFO), which will bundle more than $2bn (£1.5bn) of stakes in leveraged buyout funds into bonds to sell to investors and [...]

My son keeps ‘investing’ his student loan based on advice from TikTok finance bros

This week we hear from a worried father (Picture: Getty Images)

The growth of investing advice featured on social media platforms such as TikTok, Instagram and YouTube has been explosive in recent years.

While there are excellent commentators out there, regulators around the world are increasingly wringing their hands in dismay as more and more youngsters pile into high risk options, only to…

Read more →
Page 1 Older →