asset-management
Top StoriesUK Fund Managers Schroders and Jupiter’s Assets Fall on Volatile Markets
Top StoriesUK Fund Managers Suffer Asset Declines on Shaky Markets
Top StoriesBlackRock Creates Transition Capital Unit to Tap Climate Opportunities -Memo
Top StoriesCredit Agricole and Caceis to Buy Rbc Investor Services’ Europe Unit
BlackRock Says Cutting Leverage in Some Funds in UK Pensions Crisis
Date: September 30, 2022
By Carolyn Cohn LONDON (Reuters) -U.S. asset management group BlackRock said on Friday it was reducing leverage in so-called liability-driven investment (LDI) funds – which have been at the centre of chaotic market conditions for British pension funds this week. British government bond prices slumped by their most in decades following finance minister Kwasi Kwarteng’s...
Exclusive-HSBC Fund Arm Toughens Thermal Coal Policy to Curb Climate Change
Date: September 22, 2022
By Simon Jessop and Sinead Cruise LONDON (Reuters) – HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader commitment it made last year. Thermal coal, a cheap energy source used widely across Asian markets...
Hedge Funds Suffer Big Outflows in Q2 – Data
Date: August 25, 2022
By Nell Mackenzie LONDON (Reuters) – Investors yanked a net $7.8 billion out of hedge funds in the second quarter, industry data published on Wednesday showed, as volatile markets sent many looking for safer places to keep their cash. Large investors like pension funds, asset managers and family offices pulled more money out of hedge...
Exclusive-Allianz in Talks With Banks for China Asset Management Venture -Sources
Date: August 23, 2022
By Samuel Shen and Selena Li HONG KONG (Reuters) – Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest economy, two people with direct knowledge of the matter said, aiming to tap a $4.3 trillion market for wealth products. The German insurer’s main asset...
Asset Managers on Alert After ‘WhatsApp’ Crackdown on Banks
Date: August 18, 2022
By Iain Withers and Sinead Cruise LONDON (Reuters) – Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorised messaging tools...
Asset Managers on Alert After ‘WhatsApp’ Crackdown on Banks
Date: August 18, 2022
By Iain Withers and Sinead Cruise LONDON (Reuters) – Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorised messaging tools...