ROUND-UP
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October, 2020
Border to Coast secures £1.4 billion for infra investment
Border to Coast Pensions Partnership has secured £1.4 billion of commitments to infrastructure investments, providing exposure to the pool’s targeted investment themes, which include energy transition and emerging markets. The £46 billion pool has deployed £675 million of infrastructure investments from its first offering across eight funds ...
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October, 2020
Axa IM debuts multi-asset impact fund
Axa Investment Managers has launched its first multi-asset impact fund, aimed at investing in securities that demonstrate a positive social and environmental impact. The AXA WF Multi Asset Optimal Impact Fund aims to positively contribute to a large spectrum of the UN Sustainable Development Goals (SDG) to build a more sustainable future, with a focus on ...
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October, 2020
LGIM unveils secure income fund
Legal and General Investment Management has launched a range of secure income asset solutions aimed at UK defined benefit pension schemes looking for stable, long-term cashflows. The Legal & General Secure Income Assets Fund has an open-ended pooled structure subject to a lock-in period and targets return of Gilts +2.5% per year over a rolling three-year ...
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October, 2020
Woodford fund makes third capital return
Investors in the former Woodford Equity Income Fund have received the third capital distribution, which will take the total amount returned to £2.45 billion. Link Fund Solutions informed investors that they would receive £183 million, after the fund made available capital via the sale of a portfolio of assets to Acacia Research. Investors were also ...
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October, 2020
World’s first property exchange welcomes first IPO
Mailbox REIT hopes to become the first company to list its shares on International Property Securities Exchange (IPSX), the world’s first exchange dedicated to the trading of companies owning single, institutional-grade real estate assets. The company owns the Mailbox, a prime, office-led mixed use property in Birmingham and plans to raise up to ...
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October, 2020
Lombard Odier launches fresh China strategy
Lombard Odier Investment Managers (LOIM) has expanded its global high conviction equity product range, with the launch of a new China strategy that aims to capitalise on growing Chinese domestic demand for products and services. LOIM’s China High Conviction strategy invests in high quality companies with sustainable business models that have the ...
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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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