PwC is out with new research saying alternative asset volumes will double by 2025; alternatives will make up about 15 percent of global assets under management by 2025 because investors are looking for diversification and reduced volatility; Rob Mellor, PwC asset management partner, tells AltFi, “We have seen the rise of the multi-strategy alternative manager and an increasing trend for traditional active managers looking to add alternative strategies to their product range.” Source.
Just two peer-to-peer lenders have been authorised to offer the recovery loan scheme (RLS). Funding Circle and Assetz Capital are the only two P2P platforms accredited to offer funding under the government-backed scheme, out of 74 approved firms. In contrast, the coronavirus business interruption scheme – which preceded the RLS – included more P2P platforms...
Senators and regulators told CNBC on the sidelines of the DC Blockchain Summit this week that the spillover effects are contained, but regulation is necessary.
The City regulator is working on leveraging data to create new tools that will allow it to detect consumer harm and intervene more quickly, amid its growing scrutiny of high-risk investments. Speaking at the CDO Exchange for Financial Services, Jessica Rusu, chief data, information and intelligence officer at the Financial Conduct Authority (FCA), said that...
Here are the most read news stories from our daily newsletter today: Introducing Square Banking, a Suite of Powerful Financial...
NFTs continue to play a significant role, with many platforms, communities, and individuals supporting Ukraine.
Monte Dei Paschi di Siena (MPS) is set to receive additional funds to boost its capital base, Reuters reported citing sources.
The UK released their digital strategy paper looking at all areas of growth such as intellectual property (IP), levelling up and talent.
According to a new study by Accenture 40 percent of consumers in the UK trusted banks, up from 29 percent...
Martin Kissinger, the founder of Lendable is just 28 years old; he has built Lendable into a successful business that has lent £80 mn to 20,000 borrowers; the company had a growth rate of 430% in the last year and provides funds to borrowers in as little as two hours; article profiles Kissinger’s past work experience and more about Lendable. Source