Asset Managers – Page 56
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News
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
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Standard Life Aberdeen and Lloyds settle dispute over £104bn contract
Standard Life Aberdeen will continue to run £35bn on behalf of Lloyds Banking Group until “at least April 2022” and receive £140m compensation
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New UK leader faces same Brexit challenges, say managers
Boris Johnson, former mayor of London, will become the UK’s prime minister tomorrow with the UK’s EU departure date of 31 October looming large on the horizon
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NewsProxy adviser group revises best practice principles
Code of practice updated to introduce new governance, monitoring and reporting structures for proxy advisory companies
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NewsMSCI warns of €1bn-plus funds running liquidity risks
Data group analyses 400 UCITS funds and reports on liquidity profiles in wake of high-profile suspension of LF Woodford Equity Income fund
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German quartet takes stake in ESG data provider Arabesque S-Ray
Allianz X, DWS, Commerz Real and Land Hessen back quant asset manager’s proprietary technology for monitoring corporates’ ESG performance
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NewsLuxembourg regulator highlights hard Brexit implications for UK firms
CSSF requires notifications from financial services firms by 15 September and a further submission by the end of October in order to keep operating through a ‘hard Brexit’ scenario
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News
GAM completes wind-up of suspended absolute return bond funds
Investors due to receive equivalent to an “average” of 100.5% of portfolio value after a 10-month process to liquidate the CHF7.3bn fund range
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Co-op scheme adopts ESG fund for DC default
Scheme will switch £290m to the multi-asset fund in Legal & General Investment Management’s Future World fund range
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Pension plans divided over passive managers’ stewardship: survey
Survey of 120 pension plans intended to ‘widen scope’ of debate about passive fund managers and stewardship
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Fitch warns on liquidity risk in European high-yield bond funds
Comments follow high-profile liquidity issues affecting H2O Asset Management, GAM and Woodford Investment Management
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Asset managers urged to ‘talk openly’ in support of LGBT+ staff
Follow-up report published a few days before Pride in London parade, in which investment industry employers will for the first time march together under an Investment Association banner
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News
People moves: PPF creates head of restructuring role
PPF, Shell, Länsförsäkringar, Church of England, AMX, Pictet, Hermes, EB-SIM, Metzler, Faros Consulting, Capital Cranfield, PGIM, OEE
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News
Aberdeen Standard and Barings expand China operations
Two asset management giants have registered ‘wholly foreign-owned enterprises’ to offer asset management services to Chinese investors
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NewsUK to explore mandatory climate reporting for pension funds, companies
Government green finance strategy welcomed, but investors emphasise it must only be seen as a first step
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News
UK pension fund figures sign climate impact pledge
Signatories pledge to push asset managers to engage with investee companies about their impact on climate and plans to transition to a low-carbon future
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News
New fund category to boost Swiss marketplace moves a step closer
The Swiss government has launched a consultation on legislative changes that would allow certain funds to be offered without prior authorisation
