The “Big Bang” of asset management consolidation just arrived in London. Nuveen, the US asset management giant, has agreed to acquire British rival Schroders (SDR.L) for £9.9 billion ($13.5 billion) in an all-cash deal. The transaction, which sees the founding Schroder family sell their controlling 41% stake, creates a new trans-Atlantic powerhouse with $2.5 trillion...
Masayoshi Son’s $30 billion conviction bet is printing paper gains—but the leverage is climbing. SoftBank Group (9984.T) reported a fourth consecutive quarterly profit on Thursday, posting a net income of 248.6 billion yen ($1.62 billion). The turnaround from last year’s 369 billion yen loss was largely driven by surging valuations in its massive OpenAI stake,...
While the energy and auto sectors roll back green targets under political pressure, Global Shipping is holding the line. Despite a US and Saudi-led push to delay the IMO’s global carbon levy by a year, the maritime industry’s biggest players are forging ahead with billions in decarbonization investments. A new analysis reveals that the sector...
Deregulation is usually welcomed by business—unless it creates a planning nightmare. The Trump Administration is preparing to formally rescind the 2009 scientific findings that tie carbon dioxide to health dangers—a foundational legal analysis for 15 years of US climate policy. While intended to unfetter fossil fuel development, asset managers and shareholder advocates warn the move...
The battle for Warner Bros. Discovery just got a new combatant. Activist investor Ancora Holdings (with a ~$200M stake) has officially come out against the Netflix acquisition of Warner Bros. Discovery (WBD), pledging to vote NO at the upcoming shareholder meeting. Instead, Ancora is throwing its weight behind the rival Paramount Skydance bid, calling it...
Battery storage just graduated to a “Core Infrastructure” asset class. Norway’s Sovereign Wealth Fund—the world’s largest investor with $2.2 trillion in assets—announced on Wednesday that it is actively seeking its first major investment in battery storage systems. After focusing on offshore wind and solar since 2021, the fund is pivoting to storage as a critical...