ROUND-UP
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February, 2020
London LGPS launch social housing investment strategy
London CIV (LCIV), Local Pensions Partnership and the London Pensions Fund Authority (LPFA) have teamed up to launch a fund aimed at investing in developing housing and infrastructure in London. The fund will concentrate on portfolio investment in the City of London, the capital’s 32 boroughs and their immediate surrounds, in assets such as residential ...
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February, 2020
Lothian boosts investment management systems
Lothian Pension Fund has integrated a new software system to help strengthen its investment processes and provide capacity for expansion of its third-party services. The £8.5 billion Edinburgh-based-fund has adopted an investment management system from State Street-owned software provider Charles River, which has portfolio management as well as trade ...
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February, 2020
FCA approves IPSX Wholesale
IPSX UK Limited, the Recognised Investment Exchange (RIE) operated by IPSX Group Limited which offers the world’s first regulated securities exchange dedicated to commercial real estate, has received approval from the Financial Conduct Authority (FCA) to launch its second market, IPSX Wholesale. A Multilateral Trading Facility (MTF), IPSX Wholesale is a ...
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February, 2020
Kent recoups much of investment as fund is wound up
Kent County Council Superannuation Fund has recovered £139 million from its investment in Neil Woodford’s flagship fund, but still has around £99 million left to recoup. The LF Equity Income Fund’s administrator Link Fund Solutions informed investors that they would be due to receive between 46.3p and 58.9p a share, depending on the share class ...
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February, 2020
BNY Mellon launches sustainable absolute return fund
BNY Mellon has extended its range of sustainable products by launching an absolute return global bond fund under the management of boutique Newton Investment Management. The Sustainable Global Dynamic Bond Fund invests in sustainable government bonds and bonds of companies that “positively manage the material impacts of an issuer’s operation and ...
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February, 2020
Mercer raises $2.7 billion for private market fund
Mercer has closed funding for its latest private markets fund, raising $2.7 billion from global investors including corporate and public sector pension funds, asset managers and insurance groups. The Private Investment Partners (PIP) V fund – which consists of a US vehicle for US investors and a Luxembourg vehicle for non-US investors – is designed to ...
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December, 2019
Muzinich & Co first closes senior secured private debt fund
Muzinich & Co has first closed its European senior secured private debt fund at €104 million. The fund focuses on providing growth financing solutions for European middle-market companies and explicitly incorporates environmental, social and governance (ESG) considerations and monitoring into the investment process. “Senior-secured debt instruments ...
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December, 2019
Neuberger Berman launches macro FX offer
Neuberger Berman has unveiled the Neuberger Berman Macro Opportunities FX Fund. It aims to deliver positive returns of 5-6% in excess of cash per annum before fees, primarily by exploring relative value across G10 currencies. Dik van Lomwel, head of EMEA and Latin America at Neuberger Berman, said: “As the low yield environment continues, investors are ...
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December, 2019
Wells Fargo adds investment grade strategy
Wells Fargo Asset Management (WFAM) has expanded its global investment grade credit strategy with the launch of the Global Investment Grade Credit Fund, a sub-fund of the Wells Fargo (Lux) Worldwide Fund. The new vehicle is managed by portfolio managers Henrietta Pacquement, Scott Smith, Jonathan Terry, and Alex Temple. The launch follows an announcement ...
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December, 2019
Vanguard expands fixed income offering
Vanguard has introduced the Vanguard Emerging Markets Bond Fund. The new actively managed fund provides UCITS investors with broad exposure to an important asset class that is often under-represented in portfolios. “Emerging markets debt (EMD) is an asset class where we’ve seen a lot of performance differentiation among active managers. We believe a ...
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