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The last twelve months have seen a sharp rise in the proportion of private equity and hedge fund managers addressing climate change in their ESG policies, according to a new study by LGT Capital Partners.
In its tenth annual ESG Report, LGT Capital Partners finds that almost half (47%) of private equity managers are now addressing climate change through their ESG policies, an increase of 13 percentage points over the last year.
Significant progress has also been made with hedge fund managers with 64% of the managers assessed now rated ‘excellent’ or ‘good’ for their ESG practices, versus 25% last
The Bank of England (BoE) is in “La La Land” Edouard De Langlade, the founder of EDL Capital said in an interview on Monday and will be forced to act sooner rather than later to stabilise the UK’s currency and bond markets, according to a report by Bloomberg.
Bets against sterling saw their biggest two-week rise since 2013 in the first half of a September, a sign that hedge funds and other leveraged funds upped their short position as Liz Truss took up her new role as Britain’s Prime Minister, according to a report by Reuters.
The report cites Vanda Research, which uses data from the US Commodity Futures Trading Commission (CFTC), as revealing that the number of GBP/USD short contracts jumped by 17 percent in the first two weeks of September.
Sterling plunged to a record low against the dollar on Monday of this week, and British
Data from the London Stock Exchange has revealed that 8.68 per cent of fast fashion company Boohoo’s shares are now out in short trades, according to a report by Business Post.
A post-pandemic slump in online trading, coupled with ESG issues, including labour conditions among Boohoo’s suppliers, have prompted some investors to dump the company’s stock. A number of large hedge funds meanwhile have reportedly ramped up their bets against Boohoo which is run by Irish chief executive John Lyttle.
Data supplied by Bowmore Asset Management indicates that 215 major short positions have been taken out against Boohoo in the
Digital asset investment products saw inflows totalling $8.3 million last week, a continuation of the tepid investor appetite for digital assets at present, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Komainu, one of Europe’s leading regulated digital asset custodians, has appointed Nicolas Bertrand as its chief executive officer. Bertrand brings over 20 years of experience in market infrastructure and digital assets, including more than a decade at Borsa Italiana and the London Stock Exchange, whilst being an ambassador at the Global Blockchain Business Council and having advised several digital asset businesses.
Bertrand has significant experience in scaling and running global teams at leading financial services institutions, most recently as Head of Derivatives and Commodities and member of the Management Committee at the Borsa Italiana (Euronext Group).
Komainu has established itself as
LPA, a global capital markets software provider and advisory firm, has launched Contract Navigator, a new platform designed to fully automate and digitalise all content, agreements and processes for financial markets.
The platform is asset class agnostic and functions across corporate and commercial lending, OTC trading and clearing. Contract Navigator optimises and automates the processes and generation of content such as term sheets and trading agreements in line with the industry standards provided by ISDA, LMA, LSTA, GMRA, GMSLA or bespoke to a bank’s internal policies and requirements.
LPA’s Contract Navigator is unique in its ability to generate and
Tikehau Capital, a global alternative asset management group, has appointed Sir Peter Westmacott as its UK Chairman. The appointment follows another strong year of activity for Tikehau Capital in the UK, in both capital deployment and in fundraising activities with local institutional investors and wealth managers.
Westmacott assumes the role of UK Chairman in addition to his current role as Chairman of the International Advisory Board of Tikehau Capital, which he has held since January 2019. A highly experienced and decorated former British Ambassador, he will work closely with Tikehau Capital’s Head of UK and Iberia Carmen Alonso to accelerate the
Storebrand Asset Management, a specialist in sustainable investments, has adopted Bloomberg’s cloud-based data science research platform, BQuant Enterprise, enabling multiple desks across the business, including fixed income, ESG and equities to create, test and further integrate actionable data/models into their front-office workflows.
Storebrand Asset Management has deployed BQuant Enterprise to get to market quickly with unique models for credit factor construction, equity strategy research, and portfolio construction, delivering the breadth of Bloomberg data, services, and toolboxes at their users’ fingertips.
Additionally, BQuant Enterprise is deployed for several ESG-focused functions. The BQuant Platform allows Storebrand Asset Management to further integrate
Tokeny, a Luxembourg-based tokenisation platform, has parthereadw with Ownera, provider of a global inter-trading network based on the open-source FinP2P protocol, to distribute tokenised assets over the Ownera FinP2P network.
The digital securities industry is growing fast but has lacked a common global distribution network for connecting issuers, investors, exchanges, and other market participants. As a result, the rate of institutional adoption and investor access to high-quality digital assets has been limited up until now.
Ownera brought the industry together to develop the FinP2P open-source routing protocol to solve this problem by orchestrating the instant exchange of digital assets held
