ROUND-UP
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June, 2020
Border to Coast launches fixed income fund
Border to Coast Pensions Partnership has launched its first fixed income product, providing partner funds with access to the investment-grade credit market. The £2.5 billion Sterling Investment Grade Credit Fund will focus on sterling-denominated bonds issued by a variety of global companies. M&G, Royal London Asset Management and Insight Investment ...
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June, 2020
Border to Coast issues China mandate
Border to Coast is looking to appoint a specialist China equity manager to add to its existing emerging market equity fund. The fund, which is currently managed entirely internally, is expected to allocate around a third of its assets to the China manager, a mandate equivalent to between £200-300 million. Following consultation with its partner funds, ...
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June, 2020
Invesco rings the changes
Mark Barnett, a former protégé of UK stock-picker Neil Woodford, has left Invesco, following a review of the UK equity product portfolio. Ciaran Mallon and James Goldstone will take over as co-managers of the open-ended funds Barnett was responsible for. Martin Walker will continue as head of UK equities and will manage the Perpetual Income and Growth ...
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June, 2020
Investment boost for early stage clean growth companies
The UK’s most promising early stage clean growth ventures have the opportunity to secure investment from a new £40 million investment fund, established by the Department of Business, Energy & Industrial Strategy (BEIS), in partnership with CCLA, one of the UK's largest fund managers. The Clean Growth Fund will invest in the UK’s most promising ...
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June, 2020
Iona Capital secures debt financing for UK Anaerobic Digestion
Iona Capital Limited (“Iona”), the low carbon sustainable fund manager, has successfully closed a debt financing on behalf of one of its funds, Iona Environmental Infrastructure LP (“IEILP”), which has invested in an operational portfolio of 11 Anaerobic Digestion (“AD”) renewable energy assets, located across the UK. IEILP is a greenfield ...
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June, 2020
J.P. Morgan joins with Calastone for money market funds
J.P. Morgan Asset Management has partnered with Calastone, the largest global funds network, to introduce new levels of automation to money market funds via its Morgan Money trading platform. The asset manager will initially use Calastone to enhance its entire settlements process, bringing automated settlements to their platform. Morgan Money will be the ...
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April, 2020
Property funds shutter amid market turmoil
Seven asset managers have suspended trading in their property funds due to material uncertainty over the valuation of UK commercial property investments amid current economic turmoil. Investors in UK property funds run by Aviva Investors, Standard Life, Aberdeen, Columbia Threadneedle, Legal & General and BMO Global Asset Management have been prevented ...
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April, 2020
London CIV unveils sustainable equity fund
The London Collective Investment Vehicle (LCIV) has launched its Sustainable Equity Exclusion Fund, seeded with £200 millon from the London Borough of Lambeth Pension Fund. The new fund sits alongside the existing LCIV Sustainable Equity Fund and offers pool members the opportunity to exclude investments in sectors such as fossil fuels, tobacco and ...
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April, 2020
Aon bids for rival Willis Towers Watson
Aon has agreed to buy peer Willis Towers Watson in an all-share tie-up valued at $30 billion, which combines the industry’s second and third largest insurance brokers. The announcement of the deal comes 12 months after Aon revealed it had dropped plans to pursue a bid for its nearest rival and follows Marsh & McLennan’s acquisition of Jardine Lloyd ...
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April, 2020
Mobius unveils asset balancing tool
UK life insurer Mobius Life has launched a Smart Rebalancing service aimed at ensuring defined benefit schemes’ portfolios remain in line with their chosen asset allocation. The Smart Rebalancing service automates the process of keeping assets in line with the schemes’ investment strategies and is designed to reduce risk and potential transaction costs ...
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