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How Columbia Threadneedle plans to take on rivals, and RLAM’s CIO switch

Asset Management Correspondent

Columbia Threadneedle’s plan to nip at the heels of its rivals hinges on it launching active ETFs later this year

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It’s been almost four years since Columbia Threadneedle acquired BMO’s European asset management business, a deal which added a sizeable chunk of assets and brought a range of new investment capabilities to the Ameriprise-owned firm.

Catch up on all this week’s asset management news

David Ricketts

Investing

 Lacklustre listed PE funds bode ill for industry hopes of retail boom

BlackRock’s plan to democratise private credit could backfire

Barclays investors still unconvinced investment bank strategy will work

RBC poaches Citigroup commodities salesman Ruffini in Europe push

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The Canadian bank is looking to grow its presence in Europe

Michelman & Robinson swoops on rivals for London build-out

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The US law firm has hired a ten-strong investigations team from Addleshaw Goddard, Eversheds Sutherland and Cohen & Gresser

JPMorgan hires seven for Nordics mid-market push 

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The US bank has unveiled a flurry of new recruits for its mid-market business

The probe centers on whether the Fed governor submitted fraudulent information on mortgage applications.

By Brian Schwartz, C. Ryan Barber and Will Parker

DOJ Opens Criminal Investigation Into Fed’s Cook, Issues Subpoenas

The Treasury secretary in a court submission said the lower-court loss is already hurting trade negotiations.

Trump Administration Seeks Swift Supreme Court Review on Tariffs

American Bitcoin’s public listing comes days after the Trump family made as much as $5 billion on paper from a separate digital token.

Trump Brothers-Backed Bitcoin Mining Company Surges After Nasdaq Listing

Republican Rep. Rob Bresnahan of Pennsylvania campaigned on ending the practice, but has become a top trader after entering office.

Why Lawmakers Don’t Want to Ban Their Own Stock Trading 

The U.S. private-equity firm agreed to buy Australian share-registry provider Automic in the firm’s first local acquisition since opening its Sydney office.

Advent Acquires Australian Share-Registry Provider Automic

Annual inflation picked up pace a little in the eurozone last month, cementing expectations that the ECB will leave interest rates unchanged next week.

Eurozone Inflation Accelerates, Priming Continued Rate Pause by ECB

The WLFI token traded far above its previous value, confirming—at least on paper—a huge windfall for the president and his sons.

Trump Family Amasses $5 Billion Fortune After Crypto Launch

Laurent Freixe is out after just a year in the top job at the food giant, which is trying to sell a number of underperforming businesses.

Nestlé Fires CEO Following Probe of Romantic Relationship With Subordinate

A loss of independence at the Federal Reserve could have serious consequences for both the U.S. and the global economy, the eurozone’s top central banker warned.

Threats to Fed Independence Are ‘Very Worrying,’ ECB’s Lagarde Says

The main difference between America’s brand of capitalism and elsewhere: a focus on the individual and an incentive to take risks.

How—and Why—U.S. Capitalism Is Unlike Any Other

Individual traders and social-media influencers pushed to oust the CEO of Opendoor Technologies, and got what they wanted.

A Band of Retail Investors Powered the Meme-Stock Rally. Now They’re Flexing. 

The S&P 500 has never been this expensive, or more concentrated in fewer companies.

U.S. Stocks Are Now Pricier Than They Were in the Dot-Com Era

It isn’t just Microsoft—companies are adopting a new, harder-line playbook for dealing with political debate at work.

The Boss Has Had It With All the Office Activists

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