Markets – Page 21
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NewsUK investment industry rules out LDI Crisis 2.0 as bond yields soar
UK 10-year Gilt yield rose to 4.93% today following increased borrowing costs from government
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NewsBlackRock distances itself from real-economy decarbonisation efforts
Insiders say asset manager is on the brink of announcing an exit from the Net Zero Asset Managers initiative
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NewsPGGM disbands advisory council amid row over new investment policy
The pension asset manager also tried to fire its chief economist for criticising the firm’s switch to ‘3D-investing’
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NewsCompass Group Pension Plan completes £1.5bn buy-in with Standard Life
The transaction secures the benefits of over 14,000 pensioner members and 11,000 deferred members
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AnalysisSustainable finance is braced for its toughest year yet
‘If ever we needed asset owners to be the drivers of responsible investment, it’s in 2025,’ says ShareAction’s Simon Rawson
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NewsGermany’s innovation agency calls for pension funds’ backing of tech start-ups
SPRIN-D had €220m available last year, far from enough to turn technological innovation into profitable companies
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NewsGerman dentists’ scheme takes €65m hit from investments
The write-off in 2023 is higher than the €45.98m recorded in 2022, and results mostly from private equity investments and investments in ‘affiliated companies’
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NewsGFANZ further relaxes membership requirements to halt exodus
Going forward, GFANZ ‘will allow any financial institution working to mobilise capital and lower the barriers to financing energy transition to participate’
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NewsUK government advised on climate-adaptation taxonomy
The independent Land, Nature and Adapted Systems Advisory Group has proposed a five-step framework to develop an adaptation-focused UK taxonomy
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NewsItaly ties tax breaks on venture capital returns to share of allocated assets
Adepp, the Italian association of pension funds for professionals, has welcomed the changes to the competition law
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NewsBumper month for EU sustainability policy ends with Transition Benchmark proposal
Platform on Sustainable Finance proposes two new Investing for Transition Benchmarks
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AnalysisIPE DACH Briefing: Germany mulls over increasing security/defence spending
Plus: Bundesrat recommends reviewing second pillar pension system; Swiss Federal Supreme Court rejects complaints on pension reform
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NewsAmundi builds on multi-layer private markets strategy for DACH region
The next steps in Amundi’s private markets strategy in Germany are to promote ‘healthy growth’ among institutional investors and double AUM to €5bn in the next 3 years
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NewsInvestor group complains to Commission over defence conference treatment
Tommy Piemonte of Bank für Kirche und Caritas was told he was temporarily removed for being ‘disruptive’
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NewsCommission asked to make ‘transition’, ‘sustainable’ and ‘collection’ into SFDR categories
Current SFDR categories should be replaced with alternatives that better reflect current range of sustainability-related strategies
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NewsUK receives official advice on national sustainability reporting standards
Sustainability Disclosure Technical Advisory Committee suggests removing restrictions on which sectoral categories investors and banks can use to report emissions
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NewsGerman associations relax exclusion criteria for investments in defence sector
BVI and others publish a new version of ESG target market concept (Zielmarkt Konzept), scrapping revenues threshold to invest sustainably in the defence sector
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AnalysisDutch doctors fund’s concentrated portfolio a ‘risky strategy’
The risk of missing out on new investment trends is seen as the main drawback of a concentrated portfolio with a buy-and-hold strategy
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NewsBlackRock equity funds didn’t vote on US companies for almost 10 years
BlackRock ‘immediately notified affected clients, apologised and rectified the issue’, the firm said
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NewsGerman funds for professionals to apply new asset allocation stress test
Pension funds will pass the test if they have sufficient risk capital to cover stressed assets, and if the funding ratio is at least 100%
