RBC Global Asset Management’s specialist fixed income manager, BlueBay Asset Management, has proved its third European CLO, BBAM European CLO III DAC, and its inaugural public US CLO, BBAM US CLO I. The European CLO will issue EUR408.15 million notes arranged and placed with a syndicate of leading international institutional investors, by Citigroup Global Markets Limited. The transaction is expected to close on 25 March, 2022.   The US CLO will issue USD401.40 million notes arranged and placed with a syndicate of leading international institutional investors, by Barclays Capital Inc. The transaction is expected to close on 29 March, 2022.

The world’s top 15 hedge fund managers made a USD15.8 billion between them in 2021, according to Bloomberg’s latest rankings.

Goldman Sachs and Man Group are partnering with the University of Warwick to deliver a new Level 7 Master’s Degree Apprenticeship, providing recent STEM graduates the opportunity to continue their further education while transitioning into full-time employment. The partnership creates a new graduate pathway into both firms.   Beginning in September 2022, this two-year programme includes funding through the apprenticeship levy for candidates to complete an MSc in Digital & Technological Solutions. The course will focus on the areas of cloud computing, data engineering, software development, testing, and leadership in technology.   Participants will spend 80% of their time with

Amundi has been appointed by St James’s Place (SJP) to manage a new GBP2.8 billion Global Absolute Return Multi-Strategy mandate. St James’s Place is a UK wealth management firm, founded in 1991, with over GBP153 billion of client funds under management.   The mandate will be sterling-denominated and will target an absolute return of cash + 5-6 per cent over a market cycle, based on a strategy that seeks to deliver positive returns in all market environments in the medium-term, with a low correlation to broader markets. The strategy will employ both directional and relative value investment ideas in the

A new study of institutional investors and wealth managers, who collectively manage around USD110 billion in assets, reveals that 15 per cent believe that long-term over 10 per cent of the funds they help to manage will be in digital assets, including cryptocurrencies and tokenised investment vehicles. The research, which was commissioned by London-based digital assets hedge fund manager Nickel Digital Asset Management (Nickel), reveals 38 per cent of professional investors interviewed expect the funds they help run to have between 5 per cent and 10 per cent held in digital assets; 26 per cent believe the figure will be

The Royal Bank of Canada’s specialist fixed income manager, BlueBay Asset Management (BlueBay), has opened a new office in Madrid, Spain to serve Iberian investors more closely. BlueBay is particularly well-known in Europe, where it already has a direct presence in five countries. BlueBay has been a wholly-owned subsidiary of RBC Asset Management for more than a decade and the new BlueBay office will be located within the RBC Madrid office.  The new office will support both BlueBay’s fixed income clients, as well as the equities clients of its parent company, RBC Asset Management.

HITE Hedge Asset Management, an investment firm specialising in the energy sector and its transition, has sent a letter to the Board and Management of NiSource Inc encouraging the pursuit of a privatisation transaction for the business.

Archive Capital, a new consultancy focused on helping with manager selection and allocations to liquid alternatives, has launched, according to a report by Opalesque.