Institutional Asset Manager Newsletter

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NEWSLETTER | 3 Dec 2020

Pandemic increases need for country-specific focus in popular EM debt sector

Investor appetite for emerging markets has been on the rise, boosted by hopes of a vaccine-led recovery from the coronavirus pandemic, and by Joe Biden’s victory in the US presidential election.

Thu | 3 Dec 2020, 12:00

Waddell & Reed Financial has entered into a merger agreement with Macquarie Asset Management, the asset management division of Macquarie Group, whereby Macquarie would acquire all of the outstanding shares of Waddell & Reed for USD25.00 per share in cash representing total consideration of USD1.7 billion.

Thu | 3 Dec 2020, 12:00

Legal & General Retirement (LGR) today announces its commitment to reduce the carbon emission intensity1 of its current GBP80.7 billion annuity book by 18.5 per cent by 2025, and by 50 per cent by 2030.

Thu | 3 Dec 2020, 12:00

A shift in American leadership, the UK political agenda, and sluggish political will in the EU, makes the US and UK strong contenders to lead the global green agenda for setting standards, says Aegon Asset Management’s Robert-Jan van der Mark.

Wilshire estimates more than one percentage point increase in aggregate funded ration for US corporate pension pans in November

Thu | 3 Dec 2020, 12:00

The aggregate funded ratio for US corporate pension plans increased by 1.3 percentage points month-over-month in November to end the month at 84.0 per cent, according to Wilshire Associates (Wilshire), a diversified global financial services firm.

Thu | 3 Dec 2020, 12:00

The latest CEPRES Private Capital Market Outlook highlights how the venture capital industry and its underlying technology and innovation across many verticals such as financial services, entertainment, social media and healthcare can stand to benefit from the consequences of the pandemic.

Thu | 3 Dec 2020, 12:00

Style Analytics, a London and Boston based factor analysis firm, has added 24 new global asset owners and managers to its roster of industry-leading clients over the past nine months and 41 of its historical clients have increased their subscriptions for new products and modules.

BNP Paribas Capital signs UN PRI

Thu | 3 Dec 2020, 12:00

BNP Paribas Capital Partners (BNPP CP) has reinforced its commitment as a responsible investor by signing the United Nations-supported Principles for Responsible Investment (PRI).

Thu | 3 Dec 2020, 12:00

World Bank data shows that about 40 per cent of governments eligible for the G20 Debt Service Suspension Initiative (DSSI) had not participated.

Sovcombank acquires MetLife Russia

Thu | 3 Dec 2020, 12:00

Sovcombank, Russia’s third-largest non-state bank, is to acquire MetLife Russia, a Russian subsidiary of MetLife, Inc.

Thu | 3 Dec 2020, 12:00

The City of London Corporation has commissioned MyKindaFuture, an HR tech company specialising in underrepresented talent, as one of three key Delivery Partners to support its new task force dedicated to improving socio-economic diversity at senior levels in financial and professional services across the UK.

Thu | 3 Dec 2020, 12:00

Integral (www.integral.com), a technology company in the foreign exchange market, has reported average daily volumes (ADV) of USD47.8 billion across it platforms in November 2020.

Thu | 3 Dec 2020, 12:00

Cappitech, a provider of regulatory reporting, best execution analysis and business intelligence solutions for the financial services industry, has appointed Fabrice Bensimon as Sales Manager for Switzerland, France, Luxembourg and Belgium.

Greenbyte appoints CFO

Thu | 3 Dec 2020, 12:00

Greenbyte, a software partner for global renewable energy portfolios, has hired Jenny Rexed as Chief Financial Officer (CFO) as the firm looks to capitalise on recent commercial momentum and accelerate its growth in 2021 and beyond.