LGT Private Banking has expanded its operations in Germany by opening an office in Frankfurt. This move increases LGT’s presence in the country, where it already has offices in Hamburg, Dusseldorf, and Cologne. The bank now serves high-net-worth (HNW) individuals, families, and entrepreneurs in four different regions of Germany.The Frankfurt office will be staffed by […]
The U.S. Securities and Exchange Commission (SEC) has started to publish notices of filing updates related to spot Bitcoin ETFs. As of 10:45 p.m. UTC, the SEC’s national securities exchange page listed amendments to eight 19b-4 filings detailing proposed rule changes. Six of these updated filings concern proposed rule changes through which the Cboe BZX […]
Top investment managers such as BlackRock, ARK Invest, VanEck, and Bitwise have recently submitted revised S-1 forms to reduce their spot Bitcoin exchange-traded fund (ETF) management fees, as per the latest updates from the U.S. Securities and Exchange Commission (SEC).The management fees charged by these issuers are as follows: BlackRock imposes a 0.2% management fee […]
Top investment managers such as BlackRock, ARK Invest, VanEck, and Bitwise have recently submitted revised S-1 forms to reduce their spot Bitcoin exchange-traded fund (ETF) management fees, as per the latest updates from the U.S. Securities and Exchange Commission (SEC).The management fees charged by these issuers are as follows:BlackRock imposes a management fee of 0.2% […]
BlackRock, a leading global investment firm, is reportedly on the verge of announcing a significant downsizing of its workforce. The impending layoffs, accounting for about 3% of its global workforce, will result in approximately 600 employees leaving the company. These layoffs are being internally described as routine, aligning with BlackRock’s previous practices. In 2023, the […]
In an effort to provide a platform for women to share their personal experiences, e-fundresearch.com has launched a new series of articles in 2023 titled ‘Role Models’. Five role models were asked to share their advice for women aspiring to build a career in asset management. Here are their responses:Katja Müller, Chief Customer Officer at […]
Core Scientific, a major Bitcoin mining company that filed for bankruptcy, has successfully closed a $55 million equity offering. This move comes as the company prepares to emerge from its Chapter 11 filing in December 2022. The equity offering was oversubscribed, leading to excess capital being returned to investors.Adam Sullivan, CEO of Core Scientific, stated […]
Core Scientific, a major Bitcoin mining company that filed for bankruptcy, has successfully closed a $55 million equity offering. The offering was oversubscribed, leading to the return of excess capital to investors. Following the full repayment of previously drawn amounts on its debtor-in-possession (DIP) financing, the company is set to emerge from Chapter 11 in […]
