Citadel and TCI drive top 20 hedge fund managers to bumper $65bn gains
Group’s biggest rise in more than a decade comes despite patchy year for the sector
Supply Chain Woes Could Worsen as China Imposes Covid Lockdowns
American manufacturers are worried that China’s zero-tolerance coronavirus policy could throw a wrench in the global conveyor belt for goods this year.
Lord Paul Myners, former City minister, dies aged 73
Assisted in Gordon Brown’s billion-pound bailout for UK banks in wake of financial crisis
Campaigners call on Norway’s oil fund to exit Grenfell cladding stocks
Activists lobby NBIM over $1.4tn wealth fund’s investments in manufacturers and developers linked to 2017 disaster
Citi’s retail banking exit from Mexico a test of president’s nationalism
Sale of Banamex unit could tilt sector dominated by global lenders to more local control
T Rowe Price’s Bill Stromberg on building the right culture
Asset manager’s former CEO says the highest pay isn’t why people stay at firms, ‘people want to be a part of something special’
Expectations build for more than three US rate rises this year
Fed officials and economists predict central bank will go beyond its baseline forecast for increases if inflation persists
UAE steps up anti-dirty money measures to avoid global watchlist
Middle East’s main financial hub, long seen as a magnet for illicit finance, is battling to keep itself off the FATF’s grey list
The environmental burden of the international job market for economists
Each year, the ‘international job market for economists’ involves over 1,000 junior candidates and several hundred recruiters from all over the world meeting for short pre-screening interviews at annual congresses in Europe and in the US, thus generating a momentous and avoidable global hypermobility. This column argues it is time to reassess this unsustainable recruitment system and estimates the carbon footprint of alternative systems.
Opening the black box of hospital mergers
Despite the current wave of US hospital mergers, it is unclear how they change behaviour and performance. This column ‘opens the black box’ of hospital practices by analysing a mega-merger between two for-profit chains. Benchmarking the merger’s actual effects against the acquirer’s stated aims, its shows that while the merger achieved some goals – harmonising electronic medical records and sending managers to target hospitals – it produced few gains in overall performance.
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