Managers
T Rowe Price Group is to acquire alternative credit manager purchase Oak Hill Advisors and certain other entities that have common ownership for a purchase price of up to approximately USD4.2 billion.
USD3.3 billion is payable at closing, approximately 74 per cent in cash and 26 per cent in T Rowe Price common stock, and up to an additional USD900 million in cash upon the achievement of certain business milestones beginning in 2025.
The purchase price includes the retirement of OHA debt outstanding at closing. Excluding amortisation of intangibles and the expense impact of the earn-out, the transaction is expected
Dimensional Fund Advisors has appointed Jim Whittington as Head of Responsible Investment.
Joe Chi, who will retire at the end of the year. Additionally, the firm named Lacey Huebel as Head of Responsible Investment, North America. Both appointments are effective 1 November.
Whittington brings valuable experience to the role, having served as a Senior Portfolio Manager and Vice President in the firm’s London Office, in addition to his work as a member of Dimensional’s Investment Stewardship Committee. For years, he has been on the front lines of Dimensional’s Environmental, Social, and Governance (ESG) initiatives in Europe, the Middle East, and
VIA AM, a Paris-based asset manager specialised in systematic investment strategies, is supporting the Katingan Mentaya Project through the recently launched VIA Smart-Equity Europe Fund’s Carbon Neutral share classes.
The objective of these share classes is to compensate for greenhouse emissions associated with companies held in the portfolio, through carbon offsetting projects.
The Katingan Mentaya Project aims to protect and restore 157,875 hectares of peatland ecosystems on the island of Borneo in Indonesia, provide local communities with sustainable sources of income and ultimately fight against global climate change. This is the world’s largest emission reduction forest project of its
William Blair Investment Management (WBIM) has launched an Absolute Return Currency SICAV strategy, which maintains long and short exposures across a broad universe of currencies with a view to profit from FX movements.
Employing an actively managed approach, the Absolute Return Currency Fund will include exposures to more than 30 currencies from developed and developing economies.
The portfolio will be managed by WBIM’s Dynamic Allocation Strategies (DAS) team, overseen by Brian Singer, CFA, Partner, Portfolio Manager and Head of the DAS team, and Thomas Clarke, Partner and Portfolio Manager.
The Fund aims to act as a diversifying complement
The SBAI, a global alliance of alternative investment managers and allocators and custodian of the Alternative Investments Standards, has released the next instalment of its work on Responsible Investment.
A toolkit for asset managers and allocators on the practical implementation of responsible investment in different alternative investment strategies and asset classes. Four strategy specific publications can be found in their Responsible Investment Toolbox.
Much of the guidance provided for implementation of responsible investment is geared towards long only equity portfolios. Whilst there are some elements that are transferable to other alternative asset classes, there are many additional considerations dependent on
Boston-headquartered Invenomic Capital Management has launched a new UCITS version of its US-focused long/short equities strategy.
As the 2021 UN Climate Change Conference (COP26) begins in Glasgow this weekend, hedge fund managers remain evenly split over the incorporation of ESG (environmental, social and governance) factors and sustainability metrics into their investment processes, according to a new poll.
British macro analytics firm Quant Insight (Qi), the new quantitative financial market analytics and trading insights provider, has made a major expansion across Europe and the Middle Eastern (ME) territories, opening a new headquarters based in Limassol, Cyprus, in the Cedars Oasis Tower.
The hedge fund industry continued to attract new assets in August with USD30.5 billion in inflows. August’s inflows represented 0.69 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
August marked the sixth consecutive month of hedge fund industry inflows, totalling USD143.8 billion since March. A USD37.8 billion monthly trading profit brought total industry assets to nearly USD4.52 trillion as August ended.
“As economies continued to rebound and equity markets surged throughout the summer, investors saw growth and speculative opportunities in hedge fund investments,” says Ben Crawford, Head of
Man GLG, the discretionary hedge fund unit of London-headquartered global asset management giant Man Group, now holds the largest number of short positions against UK-listed stocks, followed by Marshall Wace and BlackRock, according to new industry data.
