Institutional Asset Manager Newsletter

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NEWSLETTER | 5 May 2020

European long-term funds haemorrhage EUR160.3bn net outflows in first quarter

Europe’s long-term investment funds were hit with heavy estimated net outflows of EUR160.3 billion in the first three months of 2020, due to worsening markets as economies responded to the pandemic.

Tue | 5 May 2020, 11:36

Fitch Ratings has published a ‘heat map’ assessing the rating vulnerabilities of global financial institutions (FIs) during a coronavirus downside scenario in a recent report.

Tue | 5 May 2020, 11:36

The aggregate funded ratio for US corporate pension plans increased by 2.2 percentage points in April to end the month at 83.2 per cent, according to Wilshire Consulting.

Tue | 5 May 2020, 11:36

SteelEye, a compliance technology and data analytics firm, is offering financial firms the opportunity to use its communications surveillance service for free for up to 90 days as the market adapts to a new style of working.

Tue | 5 May 2020, 11:36

A typical asset manager may waste around GBP6 million every five years on rebate overpayments and other inefficiencies, according to cumulative research from Alpha FMC, the asset and wealth management consultancy.

Tue | 5 May 2020, 11:36

The Opus Global Growth Fund has become the first fund established in the Abu Dhabi Global Market (ADGM) to be listed on a recognised European stock exchange, after joining The International Stock Exchange (TISE).

Tue | 5 May 2020, 11:36

Axyon AI, a leading AI provider for the asset management industry, has appointed Francesca Campanelli as its new chief commercial officer.

Border to Coast makes new appointments

Tue | 5 May 2020, 11:36

Border to Coast Pensions Partnership (Border to Coast), one of the largest public sector pension pools in the UK, has made a number of appointments as it continues to expand its investment and research teams.

Tue | 5 May 2020, 11:36

Peak Reinsurance, a Hong Kong-based global reinsurer, has completed the 100 per cent acquisition of the capital of Lutece Holdings, renamed as Peak Capital Holdings, and its subsidiary, Lutece Investment Management, renamed as Peak Capital.

Tue | 5 May 2020, 11:36

Los Angeles Capital has joined the Climate Action 100+ initiative as the firm expands its active engagement efforts.

Tue | 5 May 2020, 11:36

Intertrust, a tech-enabled fund and corporate services firm, has automated its loan administration, cash management, and facility agent services by integrating its platform with IHS Markit’s market accredited Wall Street Office (WSO) software.