ROUND-UP
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February, 2021
Merseyside boosts infrastructure investment
Merseyside Pension Fund has committed to a new co-investment vehicle created by French asset manager Mirova to own a share of a Portuguese hydroelectric portfolio. Portuguese electric utility firm EDP announced in December that it sold the portfolio, located in the Douro valley with 1.7GW capacity, to a consortium of Credit Agricole Assurances, French ...
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February, 2021
L&G LPI Fund boosts holdings
Legal & General’s Limited Price Inflation (LPI) Fund has expanded its investment portfolio to £1.8 billion after completing a string of deals amidst the coronavirus pandemic, as it commits to long-let, secure income investments. The fund has invested over £130 million in three significant deals in recent months, delivering over 240,000 sq/ft of new ...
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December, 2020
LGIM tightens climate engagement
Legal and General Investment Management has made a fresh climate pledge that could see it divest from companies that do not meet its standards. Climate ratings for over 1,000 companies in key sectors will be publicly available under a “traffic light” system on LGIM’s website. Companies identified as falling short of LGIM’s minimum standards – for ...
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December, 2020
Just Group launches green bond
Just Group has become the first UK insurer to launch a green bond, raising £250 million to invest in sustainable assets. The group said it was part of efforts to “act decisively” in playing its part in the country moving towards a more sustainable, lower-carbon economy. The proceeds from the bond will be used to help facilitate investment in green ...
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December, 2020
Morgan Stanley enhances investment capabilities via Eaton Vance deal
Morgan Stanley has agreed to acquire investment management group Eaton Vance, which has over $500 billion in assets under management (AuM), for an equity value of $7 billion. The deal, which is expected to close during the second quarter of 2021, will boost Morgan Stanley’s AuM to $1.2 trillion and over $5 billion of combined revenues. The ...
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December, 2020
Hambro affiliate launches UK impact fund
JO Hambro Capital Management has launched an impact investment fund under the team it hired from Hermes last year. The Regnan Global Equity Impact Solutions Fund aims to generate long-term outperformance by investing in companies that create value by providing solutions for the growing unmet sustainability needs of society and the environment. It uses the ...
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December, 2020
ASI launches income-focused fund
Aberdeen Standard Investments (ASI) has launched an equity fund aiming to deliver a premium, monthly income stream through the cycle, alongside capital returns. The Aberdeen Standard SICAV I – Global Dynamic Dividend Fund, which is managed by ASI’s global equities team, invests in a portfolio of 80-100 stocks worldwide, diversified across sectors and ...
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December, 2020
Close Brothers beef up sustainable bond range
Close Brothers Investment Management has launched a new sustainable bond fund and rebadged another in response to growing demand for products with a focus on environmental, social and governance principles. The Close Sustainable Balanced Portfolio Fund, which is managed by head of funds, Riitta Hujanen and investment manager, Richard Stroud, aims to ...
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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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