fidelity

Alibaba now 3rd largest money market fund in the world

Alibaba now 3rd largest money market fund in the world

Almost 2 years ago, I wrote about the incredible rise of Yue Bao, Alibaba’s money market fund (Can a disruptor grow 10x faster than an incumbent?).  At that time, the numbers were as follows: Whereas it had taken 10/15 years for Vanguard, Fidelity and JP Morgan to reach $100bn under management, it only took 9(…)

Fintech start-ups beware: customers are expensive

Fintech start-ups beware: customers are expensive

This is an article I previously wrote for Financial News. When mentoring start-ups, I sometimes hear a pitch like this: “With our revolutionary fintech service, we are looking to get 10,000 customers in the first year and need $300k of funding”. This immediately tells me I am talking to a first-time entrepreneur – or that(…)

Blackrock continues to innovate, creates JV with Google

Blackrock continues to innovate, creates JV with Google

BlackRock is in discussions with Google, the technology group, to create a joint venture that the world’s largest fund house hopes will enable it to improve returns. The tie-up, which would be a first for the fund market, will seek to explore how