Some highlights from Monday’s FTfm.
Fund industry ‘overpaid by $1,300bn’
A draft report by IBM says the fund industry is destroying value by being paid too much for the value it delivers. The report predicts big job cuts in the asset management industry
Blue chip Japanese equities in demand
Blue-chip Japanese equities are continuing to attract interest from value investors, who plan to increase their exposure in the second quarter of the year. Bric countries are losing out
Last chapter in Japan’s deflation saga
The great destruction wrought by the Tohoku earthquake could well reinforce deflation pressures in the short run. Yet over a longer timeframe the situation looks more promising, writes Edward Chancellor
Currencies create buzz for fund heads
Fund managers are increasingly recognising that the structure of currency markets means there are inherent inefficiencies and therefore profit opportunities (overview of special report into investing in foreign exchange)
Charities take a new look at their survival
With the outlook for traditional support of charities becoming more bleak, they are devoting more attention to their costs and investments as these factors become more critical than ever to their survival
Private equity opportunities in a changing world
Private equity managers need to remember that we have not returned to 2006 – every investment, every company of any size and every portfolio will be affected by macroeconomic issues in the short and medium term
SEC must drive a harder bargain
When the SEC makes a deal, that standard term is not negotiable – nearly everyone gets to close the door “without admitting or denying” the agency’s findings. Tom Stabile asks whether the SEC ought to remove the right to settle without admitting wrongdoing
Inflation threat to Obama re-election
Charles Cook, the centrist political technocrat, is among those saying unemployment is the primary roadblock to Obama’s second term. They are underestimating the risks of a rise in the inflation rate, says John Dizard
Danish pension funds invest in giant offshore wind farm
Two Danish pension funds have agreed to invest more than $1bn in a giant offshore wind farm in Denmark, marking one of the biggest investments of its kind in the renewable energy sector