Asset Managers – Page 53
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NewsBlackRock grows stewardship team amid scrutiny
The world’s largest asset manager has been boosting its stewardship resources amid scrutiny of its investment activities
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SEC highlights proxy voting rules, guidance amid ESG debate
SEC provides guidance to fund managers about proxy voting responsibilities and to proxy advisory firms about anti-fraud rules
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London pension schemes abandon Allianz equity fund [updated]
Three LGPS funds within the London CIV asset pool have pulled their money out of an Allianz global equity vehicle
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NewsAsset manager body hails engagement effect on CEO pay
Analysis on FTSE 100 pay from the High Pay Centre and CIPD shows median CEO remuneration fell 13% to £3.5m from 2017 to 2018
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ESG roundup: UK ‘economics of biodiversity’ review kicks into gear
Plus: The US Securities and Exchange Commission is to consider whether or not to publish guidance about the use of proxy advice in the shareholder voting process
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Asset managers warned over poor data governance in ESG rush
Report seeks to prompt asset managers to think about ESG data in the same way they would about other important inputs into the investment process
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Ex-DWS chief Moreau to lead HSBC Global Asset Management
Moreau to replace Sri Chandrasekharan, who will move into another as yet unnamed senior role within HSBC Group
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NewsESG overlay ‘boosts outcomes for corporate bond investors’: report
Benefits of incorporating ESG factors include lower drawdowns and reduced portfolio volatility, according to JP Morgan Asset Management
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NewsPRI consults on challenges to ESG, active ownership in passive investing
Organisation wants to ‘develop market thinking in this area given its rapid development and increasing importance of passive strategies’
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Mitsubishi completes $2.7bn First State acquisition
First State Investments is the 15th biggest global infrastructure manager by assets according to IPE data
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NewsBlackRock accused of ‘myopic’ fossil fuel investment
Think tank claims world’s largest asset manager has failed to protect investors but BlackRock challenges methodology and findings
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NewsActive global equity fees have dropped 11% since 2017: LCP
Investors now pay more for credit and liability-driven investment managers than for equity managers, consultancy’s fee survey reports
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Asset managers propose new fund structure for illiquid assets
The Investment Association has proposed the creation of the ‘Long-Term Asset Fund’, which would be a modified version of an existing category of open-ended authorised fund
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Asset management roundup: Liontrust snaps up Neptune in £40m deal
Also: €15.4bn asset manager CQS has struck an agreement with a Chinese financial services group and a Hong Kong-based investment company
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Aberdeen Standard appeals rejection from Sweden’s state-backed fund platform
Decision by Swedish Pensions Agency affects nine funds managing total of €179m, and comes as the fund platform is rolling out a series of reforms
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LGPS Central raises £700m for emerging markets fund
Four local authority funds support emerging markets equity mandate, run by BMO, UBS and Vontobel
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Schroders to buy majority stake in impact investor BlueOrchard
Deal underscores growing mainstream investor interest in impact investing, as distinct from ‘exclusionary and inclusionary SRI and ESG integration’
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Moody’s makes buy-side fintech, climate risk acquisitions
RiskFirst is known for its platform for defined benefit pension plans, while Four Twenty Seven specialises in climate risk data and analysis
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NewsEU court sinks investment cost tax reclaim case for UK charities
Cambridge University has been denied the right to reclaim VAT on fund management fees, casting doubt over the future tax situation for UK charities
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People moves: Kempen hires trio to boost UK fiduciary offering [updated]
Kempen Capital Management, Capital Group, Brunel Pension Partnership, JO Hambro Capital Management, Franklin Templeton, AMF, Impact Investing Institute, Daymer Bay, XPS Pensions Group
