asset-management
Top StoriesOrpea Slides to Annual Loss of 4 Billion Euros on Asset Depreciation
Top StoriesRathbones Snaps up Investec’s UK Wealth Arm in All-Share Deal
Top StoriesKkr Sells 50% Stake in Spain’s X-Elio to Partner Brookfield
Top StoriesBritain’s post-Brexit Asset Management Revamp Eyes Liquidity, Tokenisation
Abrdn Hires Investment Chief After Year-Long Hiatus
Date: February 1, 2023
LONDON (Reuters) – Abrdn has hired a new chief investment officer from one of Europe’s largest global pension investors, the company said on Wednesday, as it seeks to boost returns after a turbulent period. Peter Branner will join on May 1 from APG Asset Management and will work on simplifying Abrdn’s product range, focusing on...
Fineco CEO Expects Fixed Income Demand to Help Managed Assets
Date: January 10, 2023
By Valentina Za MILAN (Reuters) – Italy’s FinecoBank is seeing strong demand for fixed income products as rates rise, which should bolster its asset management business after net inflows roughly halved last year, its chief executive said. CEO Alessandro Foti told Reuters cost control was key for the industry to cope with more challenging market...
French Watchdog Fines H2O Asset Management, Executives Over Tennor Investments
Date: January 4, 2023
(Reuters) – France’s financial markets watchdog AMF said on Tuesday it had fined H2O Asset Management and two of its managers close to 100 million euros ($105 million) in total for several breaches linked to investments in illiquid Tennor Holding assets. H2O in 2019 became the subject of market and regulatory concern over its investments...
New Research Reveals Two Thirds of Commercial Real Estate Asset Managers Are Investing 7-10% of Aum Value to Assess ESG Performance
Date: December 8, 2022
ESG Strategy important to managing financial risk Almost two thirds (63%) of European commercial real estate asset management firms are investing the equivalent of 7-10% of the value of their assets under management in due diligence to help them understand the ESG performance of their commercial property portfolios as they strive to meet net zero...
Baillie Gifford Funds Bought More Shares of China’s Pinduoduo, Nio in Q3
Date: October 28, 2022
By Summer Zhen HONG KONG (Reuters) – Baillie Gifford, one of the largest asset managers in Europe and a China bull in recent years, increased its holdings of some Chinese growth stocks in its portfolio in the third quarter despite rising policy uncertainty, exchange filings showed. The Edinburgh-based investment group added 110,737 shares of e-commerce...
French Asset Manager Amundi Posts Q3 Outflows of $13 Billion
Date: October 28, 2022
By Carolyn Cohn LONDON (Reuters) -Amundi posted net outflows of 12.9 billion euros ($12.86 billion) in the third quarter, the French asset manager said on Friday, hurt by weak markets and concern about the economic outlook following the war in Ukraine. The figure was much worse than consensus forecasts of 1 billion euros in outflows,...