Turnover surges as funds rush to exit private equity stakes
Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and rebalance portfolios.
Asian stocks on backfoot as concern over Delta variant saps confidence
Asian stocks started off on a weak footing on Tuesday after a largely soft performance on Wall Street and as persistent concerns over the spread of the Delta variant of the coronavirus dented sentiment and triggered falls in metals and oil prices.
Stocks tread water as gold, oil declines spook sentiment
Global share prices treaded water on Monday as sharp falls in gold and oil prices and concerns over the spread of the Delta coronavirus variant dented sentiment.
Schroders’ assets near $1 trillion, aided by low interest rates
Low interest rates are bolstering money managers like Schroders (SDR.L), its chief executive said on Thursday as the British firm posted a jump in first-half profits and record high assets under management of 700.4 billion pounds ($977.7 billion).
