New York, Paris – March 22, 2019 – BlackRock today announced that it has made a binding offer and entered into an exclusive agreement, subject to the conditions below, to acquire 100% of the equity interests in eFront, the world’s leading end-to-end alternative investment management software and solutions provider, from private equity firm Bridgepoint and eFront employees, for $1.3 billion in cash.

* The EU agreed to an automatic two-week extension to the UK-EU divorce. Do not be fooled by deadlines. This is an interminably tedious process because it is interminable (and, obviously, tedious). The UK Parliament is unlikely to pass the government’s withdrawal agreement, which suggests a lengthy delay (and participation in the European elections, with […]

Helped by a shift to more accommodative central bank policy and positive rhetoric surrounding a US-China trade deal, global equities have rallied 18% since their December lows.

* In 1945 UK government debt was about 250% of GDP. In 1970 UK government debt was about 50% of GDP. The UK did not inflate its way out of debt. Bond investors can punish a borrower faster than inflation can cut debt ratios. The UK did not really grow its way out of debt. […]

UBS made significant progress in 2018 toward meeting its ambitious targets in sustainable investing, philanthropy, and business sustainability, while further reducing its environmental footprint.

UBS made significant progress in 2018 toward meeting its ambitious targets in sustainable investing, philanthropy, and business sustainability, while further reducing its environmental footprint.

UBS made significant progress in 2018 toward meeting its ambitious targets in sustainable investing, philanthropy, and business sustainability, while further reducing its environmental footprint.

UBS made significant progress in 2018 toward meeting its ambitious targets in sustainable investing, philanthropy, and business sustainability, while further reducing its environmental footprint.

UBS made significant progress in 2018 toward meeting its ambitious targets in sustainable investing, philanthropy, and business sustainability, while further reducing its environmental footprint.

UBS made significant progress in 2018 toward meeting its ambitious targets in sustainable investing, philanthropy, and business sustainability, while further reducing its environmental footprint.