Funds
RAG-Stiftung has acquired a stake in Scope SE & Co, an EU-based provider of independent ratings, research and risk analysis solutions across all asset classes.
The investment is part of a funding round aimed at significantly expanding the agency’s European market coverage.
“Scope is a growth company that is gradually establishing itself in a market that thrives on the confidence of institutional investors,” says Florian Schoeller, founder and CEO of Scope Group. “For this we need strong partners with an excellent reputation. RAG-Stiftung – along with AQTON SE, a holding company of entrepreneur Stefan Quandt, and numerous insurance companies –
Arcmont Asset Management (Arcmont) has launched as an independent private debt business following the completion of its separation from BlueBay Asset Management (BlueBay).
Arcmont currently manages institutional assets of over EUR13 billion and is focused on delivering flexible capital solutions to businesses across Europe. The company is employee owned and managed and is backed by a minority investment from Dyal Capital Partners (Dyal), a specialist in investments in alternative asset managers globally.
Arcmont also announces the launch of its newly-formed Capital Solutions strategy with the hiring from January 2020 of two senior investment professionals, David Brooks and Alice Cavalier,
CSC, a provider of specialised administration services to alternative asset managers, is to acquire TCS-Groep (TCS), a Netherlands-based service provider for alternative investment funds (AIFs).
TCS offers fund administration and depositary services for alternative asset managers with a focus on real estate, private equity, private debt, and social impact funds, and manages more than EUR6.5 billion in assets on behalf of its clients. The deal is subject to regulatory approval in the Netherlands.
“We’re delighted to welcome TCS to CSC as part of our long-term strategy to develop the European market by offering international clients our suite of fund administration,
HSBC Global Asset Management has launched the HSBC China Government Local Bond Index Fund.
The fund will track the performance of the Bloomberg Barclays China Treasury and Policy Bank 9 per cent Capped Bond Index. It will be domiciled in Ireland under HSBC’s ICAV platform, which facilitates access to fund globally.
The fund will be managed by HSBC Global Asset Management’s passive fixed income team, led by Head of Passive Fixed Income, Sebastien Faucher. The team currently managed around USD6.9 billion of assets in different strategies.
Faucher says: “With global yields at historically low levels, investing in China
ZEDRA Group, a specialist in Trust, Corporate and Fund Services has acquired LJ Fiduciary, from investment firm Alvarium. LJ Fiduciary will be rebranded and merged into the existing ZEDRA network. The deal is subject to local regulatory approval.
LJ Fiduciary’s Swiss and Isle of Man service offering encompasses global private client, fund and corporate administration services that will enhance ZEDRA’s strategy in the ‘active-wealth’ space offering. This concept embraces the dynamic way ZEDRA assists wealthy families and individuals in their investment needs, by recognising that modern wealth is multifaceted and that ZEDRA is a partner that can deliver the full
In October 2019, the European Energy Exchange (EEX) increased volumes on its power derivatives market by 5 per cent to 356.0 TWh (October 2018: 339.3 TWh).
Volumes in UK Power Futures more than doubled year-on-year to 296,110 MWh and, as a result, achieved a new monthly record (October 2018: 125,070 MWh).
Clear double-digit growth was achieved in power futures for Central-/South-Eastern Europe (17.3 TWh, +55 per cent), Spain (12.5 TWh, +38 per cent) and Germany (236.5 TWh, +16 per cent).
In the EEX emissions trading market, the volume amounted to 111.3 million tonnes of CO2 in October (October
Brown Advisory, a USD76 billion, employee-owned, global investment firm, has launched the Global Leaders Sustainable Fund under its Dublin-UCITS umbrella.
The new UCITS Fund adds environmental, social and governance (ESG) screens to Brown Advisory’s top quartile performing Global Leaders Strategy. The addition of the ESG screens has been made in response to client demand.
Managed by Mick Dillon and Bertie Thomson, the fund follows the same philosophy and process that the team has employed since May 2015 when the Global Leaders strategy was launched. The Global Leaders Sustainable Fund expands on the ESG integration that is already built into their
Vontobel Asset Management’s Clean Technology fund has added new impact indicators to “Potential Avoided Emissions” (PAE) and carbon footprint reporting giving investors the opportunity to shift from the current focus on mitigating ESG risks to positive impact considerations.
The Vontobel Fund – Clean Technology invests in companies that provide clean and innovative technologies or services, which support sustainable urbanisation and industrialisation. The fund already measures its carbon footprint and PAEs, but has recently added measurement of seven additional indicators which enable investors to see how their investments support UN SDGs on focusing on Clean Water & Sanitation, Industry, Innovation &
Multi-boutique investment company BennBridge is launching a new boutique asset management business, Skerryvore Asset Management, in partnership with emerging market equities manager Glen Finegan.
BennBridge, which has established offices in London and New York, is part of the BFM Group – which operates as Bennelong Funds Management in Australia. Skerryvore will be based in BennBridge’s Edinburgh office.
Skerryvore will aim to generate long-term returns by investing in emerging market equities. The business is named after Scotland’s tallest lighthouse, which is often cited as an outstanding example of engineering constructed in a challenging location – a clear metaphor for safe
Hedge fund managers ended September 2019 mostly flat, with the equal-weighted index down 0.13 per cent and the asset-weighted index up 0.15 per cent, according to data released by Eurekahedge.
The continuation of the US-China trade talks and the ECB’s stimulus measures provided support for both equities and bonds early into the month. However, the impeachment inquiry against Trump acted as a headwind toward the month’s end.
CTA/managed futures funds meanwhile, ended the month down 2.20 per cent as managers struggled to generate profit amid the volatile oil market following the attack on Aramco’s facilities. On a year-to-date basis
