Pandemic impact: The investment decisions of the City’s asset managers will never be the same again February 18, 2022 The global pandemic continues to significantly impact investment strategies among global asset managers, City A.M. has been told A poll of over 140 asset managers and owners representing more than $5 trillion in AUM showed more than a third of investors investment strategies will change this year in response to Covid. The study by Clearwater [...]
Liontrust faces shareholder rebellion over plans to hike executive salaries February 15, 2022 London-listed asset manager Liontrust is facing a shareholder rebellion over plans to hike the salaries of its C-Suite executives as Britain faces rampant inflation and a widespread cost-of-living crisis. A significant proportion of Liontrust’s shareholders are expected to vote against the asset manager’s new remuneration policy, at a specially convened general meeting tomorrow, Sky News’ [...]
Dow Jones makes push into ESG as it launches sustainability data set for asset managers February 2, 2022 Dow Jones said this morning it has launched a sustainability data index to help the global financial community understand the performance and impact of a company’s Environmental, Social and Governance (ESG) practices. The initial offering is available for asset managers to make sustainable investment decisions and to better engage the growing audience of purpose-driven investors, [...]
Asset manager Ashmore reports stunted growth as ‘challenging’ conditions plague emerging markets January 17, 2022 Specialist Emerging Markets asset manager Ashmore announced a 4.4 per cent drop in assets under management (AuM) following “challenging market conditions”.
Schroders confirms it is in advanced talks to buy ‘significant’ stake in renewables fund Greencoat Capital December 16, 2021 Following media reports last night, asset manager Schroders has this morning confirmed that it is in advanced talks to take what it described as a ‘signficant stake’ in Greencoat Capital, which manages solar, wind and other renewables funds. “Schroders continues to evaluate potential acquisition opportunities in line with its strategy to build a comprehensive private [...]
Gresham House outruns expectations and charts 50 per cent AUM growth to more than £6bn December 9, 2021 Alternative asset manager Gresham House expects to “significantly outperform” market expectations with assets under management (AUM) growth of at least 50 per cent to £6bn by the end of the year, as investors chase sustainable classes like forestry. Its confident update to the market pitched adjusted operating profit at more than £18.5m – £3m above previous [...]
Foresight appoints new infrastructure co-chief on strong demand for sustainable investments December 9, 2021 London-listed sustainable investment manager Foresight has this morning announced the appointment of Ricardo Piñeiro as a new co-head of its infrastructure division, as the group expects the trends driving its rapid growth in sustainable infrastructure investment to continue apace. Assets under management rose 13 per cent to £8.1bn in the six months to 30 September, [...]
London tie-up: Liontrust acquires Majedie Asset Management for up to £120m December 7, 2021 Liontrust Asset Management said this morning that it has agreed to acquire its London peer Majedie Asset Management, in the latest example of a trend of consolidation in the industry. FTSE 250 boutique firm Liontrust said it will pay an initial £80m for Majedie, plus an additional deferred consideration of up to £40m. Due for [...]
Martin Gilbert’s AssetCo enters bidding war for River & Mercantile November 23, 2021 Fund management veteran Martin Gilbert has been thrown into a bidding war for River and Mercantile (R&M) after the asset manager revealed it has been approached by more than one suitor. Both AssetCo, an Aim-listed acquisition vehicle chaired by Gilbert, and rival fund manager Premier Miton have made bids for R&M. Both firms already have [...]
CEO of Close Brothers asset management arm to step down November 18, 2021 Martin Andrew, the CEO of Close Brothers’ asset management arm, today announced he will step down from his role after thirteen years at the helm, to “pursue the next stage of his career.” Commenting on his departure, Andrew said: “It has been a privilege to lead CBAM and serve our clients over many years and [...]