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Clearwater agrees to buy investment management platform Enfusion for $1.5B

TechCrunch: M&A

Clearwater Analytics, a company developing accounting, compliance, and risk reporting tools for asset managers, said on Monday it has entered into a definitive agreement to acquire investment management platform Enfusion for $1.5

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‘Big Short’ investor Michael Burry piles into physical gold fund, making it his biggest bet

CNBC: Investing

Burry, who now manages hedge fund Scion Asset Management, bought more than 440,000 units of the Sprott Physical Gold Trust (PHYS).

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A big European asset manager trims Nvidia shares after huge rally

CNBC: Investing

DNB Asset Management, a Nordic fund giant, dumped a sizable portion of its Nvidia stake after the chip giant's stunning 2024 run.

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Silicon Valley: A Friend or Foe to Asset Management?

Accenture Capital Markets

The financial services industry—including asset managers—has had an interesting relationship with Silicon Valley. Asset managers should not assume that these tech giants will look past this industry. This is just what Alibaba, an Amazon-like tech firm in China, did when it entered the mutual fund business in that market.

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Major investment banks and asset managers partake in landmark blockchain pilot

The TRADE

Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and asset managers demonstrating interoperability of independent distributed ledger applications (dApps) in the capital markets domain. It’s having that interoperability while preserving the privacy and control.”

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What will it cost you to buy a bitcoin ETF? Here are the cheapest and most expensive funds

CNBC: Investing

Asset managers were already cutting their fees ahead of Thursday's launches for bitcoin ETFs.

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Vanguard announces fee cuts for nearly 100 funds, including ETFs with billions of dollars in assets

CNBC: Investing

The asset manager said this is its biggest fee cut ever and will save investors about $350 million this year.