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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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June, 2019
PLSA launches new ESG and stewardship guide
The Pensions and Lifetime Savings Association (PLSA) has published a new guide, ESG and Stewardship: A practical guide to trustee duties, to help pension fund trustees comply with new requirements on ESG, climate change and stewardship, coming into force on 1st October 2019. The PLSA said that the guide tackles the new requirements in a practical manner, ...
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June, 2019
Schroders acquires European real estate boutique
UK fund manager Schroders has bought a German real estate manager, Blue Asset Management, which manages €1.2 billion of assets for its clients across, Germany, Austria and Switzerland. Blue Asset Management was founded in 2009 and is based in Munich. It holds both commercial and residential real estate assets. The acquisition is a sign of Schroders’ ...
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April, 2019
Fund for private equity secondaries raises £283 million
BEX Capital, a new investment firm focusing on fund-of-fund (FoF) secondaries has announced the close of the BEX Fund III, having raised $365 million (£283 million) in four months. The fund will take positions in private equity FoFs, secondary funds and co-investment funds, with a bias towards mature markets and assets. BEX Capital said the fund was ...
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April, 2019
MSCI launches new analytics platform
Data and analysis provider MSCI has launched a new open analytics platform, MSCI Beon, for the investment industry. MSCI said that using different data on different systems can reduce the value for data for decision-making, risk management and operational uses. To overcome this challenge, it has created MSCI Beon as an open platform that can use different ...
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April, 2019
NN IP brings out short duration green bond fund
NN Investment Partners (NN IP) has developed a green bond fund with a shorter duration of around two years, which it said contrasts with interest rate sensitivity of at least five years for other green bond funds. With a shorter duration, NN IP said the fund would be suited to investors looking for protection against rising interest rates while seeking to ...
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April, 2019
Atlas Master Trust allocates to Schroder’s ESG systematic fund
The Atlas Master Trust, one of the UK’s largest master trusts for DC pensions, has allocated £320 million to a sustainable multi-factor equity fund run by Schroders. The allocation represents all of the core equity allocation in three multi-asset funds run by Atlas, which are part of its default lifestyle strategy for DC members. Schroders said that ...
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