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We re going to make change : CEOs set out steps to improve fund manager diversity
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H1 2021 results round-up: St James s Place eyes £200bn AUM while Man Group announces second $100m share buyback
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Man Group: Funds under management hit record high in H1 at $135 3bn
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FEELING BIT-TER?
Bitcoin blasted as having ‘no inherent worth’ by world’s biggest hedge fund boss despite price rocketing by 20 per cent
Updated: 19:54 ET, Jul 26 2021
THE BOSS of the world s biggest hedge fund has blasted bitcoin as having no inherent worth .
Luke Ellis, the chief executive of Man Group, compared bitcoin and other cryptocurrencies to the 17th-century craze for tulips in The Netherlands.
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Bitcoin was blasted as having no inherent worth despite a 20 per cent jump in price on MondayCredit: Reuters
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Luke Ellis, the chief executive of the world s largest hedge fund called cryptocurrencies a tulip bulb
Known as Tulip Mania , a period in the mid-1600s saw the price of tulips - which was considered a luxury good - rise nearly ten times its original worth before dramatically collapsing.
It was staggering : Fund CEOs debate shareholder engagement
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