A Bloomberg analysis of roughly 500 hedge funds found that patience for ESG stocks related to the energy transition has run out.
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New research has found a growing number of family offices and high-net-worth clients are kicking their traditional hedge funds to the curb.
It’s the latest in several moves — announced in swift succession — that suggest a radical overhaul in Zuckerberg’s thinking about Meta.
Executives at top financial services firms expect to cut as many 200,000 jobs in the next five years and significantly increase revenues.
The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.