JPMorgan Chase isn’t just building its UK wealth business; it’s buying the infrastructure to run it. According to an internal memo from Edmund Cohen (Head of Pensions & Wealth Products), the bank has acquired WealthOS, a UK-based pension technology platform. The deal will see the fintech’s entire team—including staff in London and its engineering hub...
A corporate crisis just became a geopolitical one. Two major U.S. investors in Coupang (CPNG)—Greenoaks and Altimeter Capital—have petitioned the U.S. Trade Representative (USTR) to investigate the South Korean government, alleging a “discriminatory” campaign against the e-commerce giant following its massive data breach. 📉 THE CONTEXT: ⚔️ THE INVESTOR PLAY: Greenoaks (founded by Coupang board...
Against the tide of political pressure to “Buy British,” Vanguard is going global. Vanguard has announced a significant restructuring of its flagship LifeStrategy range (managing ~£52bn / $70bn), explicitly reducing its exposure to UK assets to offer investors a more globally diversified portfolio. 📉 THE ALLOCATION CHANGES: To be phased in from late March to...
The fall of a gaming titan continues. Ubisoft (UBIP.PA) shares crashed 35% on Thursday to their lowest level in over a decade after the publisher announced a sweeping reorganization, studio closures, and mass game cancellations. The company is now trading at a market cap of just €616 million—a staggering collapse from its peak of €11...
Capital is officially moving East. According to Refinitiv Lipper, Emerging Market (EM) equity ETFs have attracted roughly $14 billion in inflows year-to-date, putting the category on track for a monthly record. This massive rotation comes at the direct expense of US equities, which have seen $2.1 billion in net outflows over the same period. 📊...
In the high-stakes bidding war for Warner Bros Discovery (WBD), the clear winner has already emerged—and it isn’t Netflix or Paramount. It’s the bankers. According to new securities filings, JPMorgan and Allen & Company will split $180 million in M&A advisory fees ($90M apiece) regardless of who ultimately buys the studio. But for JPMorgan, the...