asset-management
BusinessBNP Paribas Signs €5.1bn Share Purchase Agreement for Axa Im
InterviewsBalancing Growth, Sustainability and Support of MSMEs
BusinessCredit Agricole Buys Remainder of Caceis Custody and Asset Jv From Santander
TradingUK Competition Watchdog Looks Into $3.32 Billion Blackrock-Preqin Deal
European Asset Manager Amundi Targets India Debt With Two Recent Fund Launches
Date: November 29, 2024
By Dharamraj Dhutia MUMBAI (Reuters) – Amundi Investments, Europe’s largest asset management firm, plans to increase its exposure to Indian debt through its recently launched funds focusing on the country’s fixed income market, officials at the asset management firm said. To add to the dollar-denominated exchange-traded fund (ETF) launched in September, the fund house launched...
Julius Baer Posts Growth in Net Inflows, CEO to Begin Jan. 9
Date: November 21, 2024
ZURICH (Reuters) – Julius Baer said on Thursday it had registered increased growth in net new money during the July-October period as the Swiss bank said its incoming new CEO Stefan Bollinger would start work on Jan. 9. In the first ten months of 2024, assets under management (AUM) rose to 480 billion Swiss francs...
Ninety One Enters Partnership With Sanlam, Assets Rise 1%
Date: November 20, 2024
LONDON (Reuters) – Asset manager Ninety One has entered an investment partnership with South African life insurer Sanlam, it said on Wednesday, as it recorded a 1% rise in assets in the first half to 127.4 billion pounds ($161.85 billion). Ninety One will gain preferred access to Sanlam’s distribution network and become its primary active...
Swiss Bank Efg on Course for Record Profit, CEO Says
Date: November 20, 2024
ZURICH (Reuters) -EFG International is on course to beat last year’s net profit and record its most profitable year, the Swiss private bank’s Chief Executive Giorgio Pradelli said on Wednesday. The bank made a net profit “in excess” of 260 million Swiss francs ($294.18 million) in the first 10 months of 2024, compared with 303.2...
UK Pensions Changes May Favour Bigger Fund Managers, Executives Say
Date: November 14, 2024
By Carolyn Cohn and Iain Withers LONDON (Reuters) – Britain’s plans to bulk up local government and private employer pension schemes into ‘megafunds’ to boost domestic investment are likely to benefit larger asset managers over smaller, more specialist ones, industry executives said. The megafunds’ consolidation will provide Britain with up to 80 billion pounds ($101.35...
Asterion Agrees to Sell Data Centre Operator Nabiax to Aermont
Date: November 11, 2024
(Reuters) – Spanish infrastructure investment fund Asterion Industrial Partners and Telefonica agreed to sell Spanish data centre operator Nabiax to European asset manager Aermont Capital, the companies said on Monday in a joint statement. Nabiax owns two centres in Madrid and one in Barcelona with a combined installed power of 35 Megawatts. Asterion owns 80%...