ROUND-UP
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August, 2020
Link offloads Woodford healthcare assets
Link Fund Solutions has sold 19 of the stricken LF Equity Income Fund’s healthcare assets in return for up to £224 million, as it seeks to wind up the fund and return capital to investors. The deal to sell “a significant portion” of the former Woodford Equity Income Fund to Acacia Research Corporation comprises both listed and unlisted stocks ...
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August, 2020
LGPS Central issues multi-asset credit mandate
LGPS Central has launched a search for active, global, multi-asset credit debt managers to manage their £660 million Global Active Multi-Asset Credit Fund. The fund will target a net return of between 3-5% above its benchmark, the three-month sterling overnight index average rate. Investments will be predominantly in global fixed and floating rate ...
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August, 2020
Macquarie infra debt fund raises £2.7 billion
UK corporate pension schemes, local authority pension schemes and insurance companies have ploughed £2.7 billion into Macquarie Infrastructure Debt Investment Solutions (MIDIS), in the latest round of fundraising for its UK infrastructure debt strategy. MIDIS raised more than £220 million via its second UK-focused pooled fund targeting investments in ...
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August, 2020
London CIV launches real assets fund
The London Collective Investment Vehicle has launched a real assets fund aiming to deliver inflation-linked returns, with seed money from the boroughs of Redbridge and Bexley. The fund seeks to deliver stable income by primarily investing in real estate, including investment in long-lease and ground rents. It will also have the flexibility to invest ...
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August, 2020
Natixis unveils ESG fund of funds
Natixis Investment Managers has launched a new range of ESG fund of funds. The Lux UCITS range consists of the Natixis ESG Conservative, Moderate and Dynamic funds, each offering diversified, multi-asset exposure to meet the varying risk requirements of investors. As each affiliate has its own independent investment process with a customised ESG ...
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August, 2020
ASI launches ESG corporate bond fund
Aberdeen Standard Investments (ASI) has launched a global corporate bond fund focusing on companies demonstrating strong management of ESG issues. The Aberdeen Standard SICAV I – Global Corporate Bond Sustainable and Responsible Investment Fund will be managed by its global investment grade portfolio management team. It will exclude companies identified ...
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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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