 | | | | Marathon Asset Management's long-serving president and chief operating officer, Andrew Rabinowitz, is leaving the $22 billion hedge fund and his duties will be split among a trio of firm veterans, two people familiar with the matter said. | | | | | | Dire warnings about climate change are a call to action for investors who put their money into helping the environment. But the news also heightens a debate about how to make these strategies effective, financial executives said. | | | | | | American International Group Inc (AIG.N) beat second-quarter profit estimates on Thursday, driven by strong performance in its general insurance and life and retirement units. | | | | | | Sun Life Financial (SLF.TO), Canada's second-largest life insurer, on Wednesday beat analysts' estimates for quarterly core profit, which rose on business and asset growth in its funds management business. | | | | | | U.S. insurer MetLife Inc (MET.N) blew past Wall Street estimates for second-quarter profit on Wednesday, as solid investment gains cushioned the hit from coronavirus-related claims. | | | | | | Prudential Financial Inc (PRU.N) said on Wednesday that the effect of COVID-19 on its group and individual life insurance appears to be lessening in the third quarter. | | | | | | RIT Capital Partners (RCP.L), the investment trust founded by Jacob Rothschild, is co-leading a funding round for crypto investment platform Aspen Digital intended to finance the creation of an online platform that would give wealthy investors a single portal to manage crypto investments. | | | | | | Prudential Financial Inc (PRU.N) beat analysts' estimates for quarterly adjusted profit on Tuesday, as strong performance at the U.S. insurer's life and annuity units cushioned against weakness in its investment business. | | | | | | Loan officers at U.S. banks reported easing standards and terms on business loans in the second quarter as the economy revved up on the back of wider reopenings and rising coronavirus vaccination rates. | | | | | | Wealthy families that set up investment funds known as "family offices" to manage their personal wealth would face stricter oversight from U.S. regulators under a bill advanced by a U.S. congressional panel late on Thursday. | | | | | |
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