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December, 2020
Morgan Stanley enhances investment capabilities via Eaton Vance deal
Morgan Stanley has agreed to acquire investment management group Eaton Vance, which has over $500 billion in assets under management (AuM), for an equity value of $7 billion. The deal, which is expected to close during the second quarter of 2021, will boost Morgan Stanley’s AuM to $1.2 trillion and over $5 billion of combined revenues. The ...
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December, 2020
Capitalising on the complexity premium in CLOs
Dónal Kinsella, Institutional Portfolio Manager, Leveraged Credit, Eaton Vance. Dónal Kinsella of Eaton Vance Management examines the risks inherent in CLOs, arguing that they offer attractive return potential and other risk-mitigating factors, and can perform a useful role in a well-managed investment strategy Within the credit universe, ...
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December, 2020
London CIV unveils equity fund with ESG edge
London Collective Investment Vehicle (CIV) has launched a global equity fund integrating environmental, social and governance (ESG) principles, alongside Morgan Stanley Investment Management. The LCIV Global Equity Core fund’s objective is to generate a total return, comprising both capital growth and income, over a long-term period of typically between ...
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December, 2020
Brunel launches global small cap fund
Brunel Pension Partnership has launched a global small cap fund, which will manage a mandate of approximately £300 million. The creation of the fund is in response to client requests for a portfolio offering exposure to the small cap premium as the primary driver of returns. After evaluating 33 different strategies, three managers – American Century, ...
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December, 2020
London fund secures initial £100 million
Local Pensions Partnership Investments, London CIV and the London Pensions Fund Authority have announced the first close of an investment fund focused on developing housing and infrastructure in the capital. The London Fund secured an initial £100 million commitment from London Pensions Fund Authority (LPFA), towards a targeted £300 million. The ...
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December, 2020
McCloud changes may take up to two years, PLSA warns
Proposed changes to the Local Government Pension Scheme (LGPS) members in England and Wales as a result of the McCloud judgement could take over two years to implement, the Pensions and Lifetime Savings Association has warned. The McCloud judgement followed a ruling made by the Court of Appeal in December 2018 stating that the pension reforms unlawfully ...
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December, 2020
Brunel unveils sustainable equities fund
Brunel Pensions Partnership has launched a Sustainable Equities Fund, which aims to positively pursue companies that will provide a benefit to society. The fund will manage a mandate of around £1.2 billion and put ESG considerations at the forefront of the investment process. Nordea Asset Management, RBC Global Asset Management and Ownership Capital ...
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December, 2020
Border to Coast partners pledge £1 billion to private equity
Border to Coast Pensions Partnership has secured £1 billion of commitments to private equity investments. The pool, which invests assets on behalf of 11 local government schemes, has completed £500 million of private equity investments from its first offering. The portfolio consists of 10 investments with nine managers, providing exposure to Border to ...
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December, 2020
UK social investment surges to over £5 billion
Social impact investing in the UK has grown six-fold over the past eight years, increasing to more than £5 billion in 2019, according to figures released by asset management group Big Society Capital. The number of transactions made in the sector increased by almost a fifth year-on-year to more than 5,000 in 2019, with investment coming from a broad ...
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December, 2020
Shell raises third quarter dividend
Shell announced a rise in its third quarter dividend despite earnings tumbling by more than 80% and cutting thousands of jobs in response to the oil price crash. The oil giant increased the payout by 4% to 16.65c a share, although that was still considerably behind a dividend of 47c for the same period last year. In September, the group announced plans to ...
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