A quant winter’s tale
Across the multifactorquantiverse with AQR
Fintech
AI presents growing risk to financial markets, US regulator warns
Financial Stability Oversight Council flags emerging technology as a ‘vulnerability’ for the first time in latest report
Financial & markets regulation, Artificial intelligence
Fed pivot piles pressure on Europe’s central banks to shift stance
ECB and BoE say battle against inflation not over, but more dovish US move ‘sets tone’
Central banks
Markets are becoming less efficient, not more, says AQR’s Clifford Asness
Eugene Fama protégé warns a mass of superfluous data is confusing many investors
Fintech
Apollo/PIC: asset and liability harmony matters in M&A too
Rumoured £5bn for UK insurer would exceed company’s book value
Mergers & Acquisitions
Vincent Bolloré changes tack with Vivendi break-up plan
Growing valuation discount since Universal Music spin-out has been source of frustration for French billionaire
Mergers & Acquisitions
Apollo, Carlyle and KKR weigh bids for Pension Insurance Corporation
US buyout groups consider joining thriving market for UK corporate pension deals
Mergers & Acquisitions
Woodford investors approve FCA-backed redress scheme
Controversial compensation deal is voted through with 94% support
Financial & markets regulation
Germany and Netherlands detain four over alleged Hamas plot
Police make arrests in connection with what they say were planned antisemitic attacks
Terrorism
France scores diplomatic wins on banks and nuclear in new EU rules
Paris successfully pushed for weaker due diligence reporting by lenders and state-backed funding for nuclear power plants
Financial & markets regulation