ROUND-UP
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September, 2019
Fidelity launches proprietary sustainability ratings
Fidelity International has enhanced its global research capabilities with the launch of its proprietary sustainability ratings. Comprising the asset manager’s equities and fixed income coverage universe of more than 3,000 issuers, the sustainable ratings will leverage Fidelity’s extensive research capabilities and ongoing engagement with management ...
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August, 2019
DWS expands sustainable bonds fund range
European fund management firm DWS has added the DWS Invest ESG (Environmental, Social and Governance) Euro Corporate Bonds Fund to its existing sustainable funds range. The vehicle is a new sustainable mutual fund focusing on investment grade corporate bonds from the eurozone. The application of the sustainable minimum standards of DWS limits the pool of ...
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August, 2019
Columbia Threadneedle unveils European high yield vehicle
Columbia Threadneedle Investments is introducing a new, total return short maturity high yield strategy – the Threadneedle (Lux) European Short-Term High Yield Bond Fund. It will follow the investment approach of the firm’s European High Yield Bond Fund with a focus on shorter maturity bonds. Roman Gaiser, Columbia Threadneedle’s head of high yield ...
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August, 2019
Artemis introduces short-dated high-yield strategy
UK active fund manager Artemis has launched the Artemis Short-Dated Global High-Yield Bond Fund. Its aim is to deliver returns in excess of cash over rolling three-year periods. The portfolio managers are David Ennett and Stephen Baines, with support from portfolio managers Juan Valenzuela and, in due course, Jack Holmes and Stephen Snowden. Ennett said ...
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August, 2019
Aberdeen Standard Investments funds wind farm
Aberdeen Standard Investments has provided more than £63 million of long-term debt through its infrastructure debt team to finance an operational wind farm in South-West Scotland. The Whiteside Hill Wind Farm in Dumfries and Galloway is owned by investors in funds managed by Capital Dynamics under its Clean Energy Infrastructure investment strategy. ...
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August, 2019
AEW increases commitment to social need
AEW UK Real Return Fund has increased its commitment to impact investing to meet the demand from the social sector, acquiring two care homes in Lancashire for a total of £11.5m. The deal is in partnership with Prime Life, who have taken 30-year leases on the two properties, and the homes will generate investment yields of at least 6.7%. The acquisition ...
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June, 2019
Investment bank Berenberg warns over hard Brexit risk
Hamburg-based investment bank Berenberg has estimated the risk of a hard Brexit, with the UK leaving the EU without a deal, at 35%, in an economic commentary on the Tory leadership election. Berenberg said that both Boris Johnson and Jeremy Hunt will face the same situation as former PM Theresa May did, despite their claims to be ready to leave with no ...
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June, 2019
Afinishay seeding milestone
Afinishay Capital Ltd has raised over £170 million of cornerstone capital for three “first-fund” alternative investment strategies since inception in late 2016. The three opportunities that Afinishay raised seed capital for are Gresham House Asset Management’s British Strategic Investment Fund (BSIF), Gresham’s SPE Fund, and Iskandia Energy’s ...
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June, 2019
CMA consulting reforms to apply to LGPS funds
The Competition and Markets Authority (CMA) reforms to investment consulting and fiduciary management will now apply to the LGPS, after a change in the wording of the final order of the rules. The LGPS was initially excluded from the draft wording of the reforms and its inclusion in the final regulations was unexpected by most observers. The Financial ...
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June, 2019
Facebook’s cryptocurrency Libra to threaten traditional banks
The launch of Libra, a digital currency, by social media giant Facebook is a threat to traditional banking, according to a finance and investment expert. Facebook said it will launch Libra next year. Facebook has announced that it has partnered with PayPal, Mastercard, Visa and Stripe to boost acceptance of its digital currency. According to Nigel Green, ...
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