Goldman Sachs Asset Management said on Wednesday it had raised $650 million for a new fund that will invest in startups related to the life sciences sector.
Bond exchange-traded funds (ETFs) gathered an annual record of $300 billion of assets under management in 2023, BlackRock said on Wednesday, as investors were lured in by the highest yields in decades.
U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport, two insurance industry sources said on Wednesday.
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management returned 26.7% last year, beating the broader stock market gains and bouncing back from a loss in the previous year, according to an investor update on Tuesday.
In a tough year for Canadian banks, shares in mid-sized lender EQB Inc jumped more than 50% on solid earnings growth, making it the best-performing banking stock in 2023, with investors expecting more gains this year.
The National Bank of Belgium asked Governor Pierre Wunsch to stay on in a temporary capacity after his term lapsed on Monday without the government managing to agree on his reappointment to the European Central Bank’s rate-setting Governing Council.
BNP Paribas has signed an agreement with France’s leading consumer group CLCV for between 400 million and 600 million euros ($662.3 million) compensation after its consumer credit unit was sentenced over misleading practices about swiss-franc mortgages, French daily Le Parisien said on Monday.
Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed.
