Institutional Asset Manager Newsletter

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NEWSLETTER | 29 Sep 2020

Further consolidation expected as five largest asset managers exceed size of US economy

The world’s five largest asset management companies, BlackRock, Vanguard, UBS, State Street, and Fidelity International, hold USD22.5 trillion in assets combined, which is higher than the GDP of the United States.

Tue | 29 Sep 2020, 11:34

Institutional asset allocators face an increasingly complex investment landscape, and new research from fintech firm, Milestone Group shows that often they do not have the tools to efficiently implement and manage those strategies, with many critical functions relying on spreadsheets and ageing technologies.

Tue | 29 Sep 2020, 11:34

Robeco has predicted that negative real interest rates and high volatility will shape its next five years, in the asset management firm’s tenth annual Expected Returns report (2021-2025).

Tue | 29 Sep 2020, 11:34

European ESG stocks continue to see a “tidal wave” of inflows, but the levels of capital flooding in to certain stocks has far surpassed the fundamental outlook for the stocks, leaving investors’ at risk of losses, according to RWC Partner’s Graham Clapp.

Tue | 29 Sep 2020, 11:34

Over the next 10 years, MetLife has committed to reduce its location-based greenhouse gas (GHG) emissions by 30 per cent from 2019 levels, originate USD20 billion in new MetLife Investment Management (MIM)–managed green investments, and allocate USD5 million to develop products and partnerships that drive climate solutions.

FactSet launches coverage of Danish bonds

Tue | 29 Sep 2020, 11:34

FactSet, a provider of integrated financial information, analytical applications, and industry-leading service, has launched content and analytics for Danish covered bonds across its distribution channels, including the FactSet workstation.

Tue | 29 Sep 2020, 11:34

SteelEye, a compliance technology and data analytics firm, has been selected by investment manager, Schroders for MiFIR transaction reporting.

SEC announces 100th whistleblower award

Tue | 29 Sep 2020, 11:34

The 100th whistleblower award to be made since the SEC Whistleblower Program was created as part of the Dodd Frank Act in 2010 has been announced by the SEC.

Tue | 29 Sep 2020, 11:34

KGAL Investment Management is expanding its infrastructure expertise with the appointment of new Head of Energy Transition Infrastructure Thomas Engelmann, CFA, CAIA and Portfolio Manager Carsten Haubner, CFA.

Tue | 29 Sep 2020, 11:34

American Equity Investment Life Holding Company (American Equity), an issuer of fixed index annuities, Värde Partners (Värde), a global alternative investment firm, and Agam Capital Management (Agam), an insurance solutions provider, have reached agreement in principle to form a strategic partnership intended to drive value for investors, retirement planners and retirees by combining the capabilities, resources and expertise of each organisation.

Northern Trust adds Relationship Management and Client Service leaders to Middle East and Africa executive team

Tue | 29 Sep 2020, 11:34

Northern Trust has made two senior appointments to its Middle East and Africa asset servicing business. The new positions, based in Abu Dhabi, United Arab Emirates, support Northern Trust’s continued business growth across the region, and follow the expansion of its senior management team in Saudi Arabia, announced earlier this month.

Tue | 29 Sep 2020, 11:34

The Irish Association of Investment Managers (IAIM) has appointed a former Minister of State with Responsibility for Financial Services as its new CEO.

Ocorian acquires Newgate Compliance

Tue | 29 Sep 2020, 11:34

Ocorian, a diversified financial services group with four areas of expertise – Fund Services, Corporate Services, Capital Markets and Private Client services – has acquired Newgate Compliance, a London-based compliance consultancy and hosted regulatory solutions provider for funds clients, including both established and first time managers. The deal is subject to regulatory approval. Newgate Compliance was founded in 2014 by Martin Herriot and Aron Brown. Newgate provides compliance consulting services, leveraging the GATEway, a proprietary software solution that enab...

Tue | 29 Sep 2020, 11:34

Global Infrastructure Partners (GIP), a New York-based, USD69 billion infrastructure asset management firm, has selected Hazeltree Private Markets as its treasury management solution.