asset-management
InvestingEuropean Fund Managers Set to Go All in on ESG – Survey
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How to Extract Value at the End of an Investment Vehicles Life?
Date: May 30, 2022
By Henry Page and Louis Byrne at Mercer & Hole Investment or Special Purpose Vehicles are set up to deliver a specific project, be that an investment, joint venture or other opportunity that the investor (hedge fund, P/E, or family office) has identified. By its very nature the vehicle will have a limited time horizon...
BlackRock’s iShares to Close MSCI Russia, Eastern Europe Funds Due Ukraine
Date: May 20, 2022
By Carolyn Cohn LONDON (Reuters) -BlackRock’s iShares will close its MSCI Russia and MSCI Eastern Europe exchange-traded funds, BlackRock said on Friday, joining several other funds which have shut their doors because of the Ukraine conflict. BlackRock had already suspended the funds in early March, shortly after Russia’s invasion of Ukraine, which Moscow calls a...
British Funds Tell Texas: Emission-Cut Vows Matter for Our Reputation
Date: May 12, 2022
By Ross Kerber (Reuters) – Two large British asset managers have defended their efforts to reduce emissions to Texas officials and said their firms could face reputational risks if they did not follow through on carbon-cutting commitments. The letters from Man Group PLC and from abrdn plc, reviewed by Reuters following a public records request,...
Three Big Asset Managers File Joint Climate Resolutions at J-Power
Date: May 11, 2022
By Makiko Yamazaki TOKYO (Reuters) – Three European asset managers, including the largest, Amundi, said on Wednesday they had jointly filed climate-change resolutions at Japanese electricity generator Electric Power Development Co Ltd, known as J-Power. In what they say are the first climate-related proposals by an institutional investor group to a Japanese firm, Amundi, hedge...
Spain’s King Felipe Says His Wealth Is Worth 2.6 Million Euros in Transparency Effort
Date: April 26, 2022
MADRID (Reuters) – Spain’s King Felipe VI has disclosed that his wealth is worth about 2.6 million euros ($2.8 million) in a move to make the Royal House more transparent and end the opaqueness that prevailed during the reign of his father Juan Carlos. The king’s assets include just under 2.3 million euros in checking...
BlackRock Expects 75% of Company and Govt Assets to Be Net Zero-Aligned by 2030
Date: April 14, 2022
By Simon Jessop LONDON (Reuters) – BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas emissions to zero by 2050, up from 25% currently. It was the first time BlackRock, the world’s...