Asset Managers
In-depth reporting on asset managers for our pension fund and asset management readers from IPE’s award-winning journalists
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NewsNorthern Trust AM exits CA100+ and NZAM
The asset manager is the latest in a string of signatory departures from climate action groups, following BlackRock ditching NZAM earlier this month
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NewsNorway’s SWF rekindles Trump-backed end to quarterly reporting
NBIM says mandatory quarterly reporting by businesses can lead to short-term decision-making, hindering sustainable growth and innovation
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NewsGenerali creates €1.9trn asset management JV with Natixis IM
Generali and BPCE have signed a non-binding memorandum of understanding for each to own 50% of the joint venture
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NewsBarmeniaGothaer AM ditches third-party managers for corporate bonds
‘The new team we will be able to manage certain types of investments such as corporate bonds in the future,’ says co-CEO
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NewsGenerali Investments buys majority of MGG Investment for $320m
The acquisition comes as Generali is close to creating a joint venture with Natixis Investment Managers
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NewsAres’s direct lending fund raises €17.1bn at final close
Closing above its €15bn target, Ares Capital Europe VI is the largest institutional fund in the global direct lending market to date
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NewsItaly’s Banca Etica expands business into ESG asset management
The bank is stripping current external asset manager Anima of its mandate to manage the mutual funds of Etica SGR, the bank’s asset management arm
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NewsWPV asset management reshuffles team as it shifts to thematic focus
German pension fund for auditors and chartered accountants manages around €5bn for approximately 17,000 members and beneficiaries
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NewsAP7 indicates BlackRock’s NZAM exit could affect future mandates
Sweden’s biggest state pension fund to meet world’s largest asset manager ‘to better understand’ decisions after BlackRock fled net zero alliance
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NewsNet Zero Asset Managers initiative halts activities
UN-backed body removes member commitments in attempt to steady the ship
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NewsLBP Asset Management strengthens private markets offering
LBP AM European Private Markets has raised €9.4bn and invested €8.4bn in more than 300 transactions
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NewsBlackRock exits climate alliance
Texas, Alabama and West Virginia are among 11 states to sue BlackRock, alleging its support for decarbonisation efforts had flouted competition rules in the US
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NewsGerman insurers create €50bn asset management company
The transfer of assets under the new firm follows the merger of the two insurance companies officially completed last September
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NewsBlackRock distances itself from real-economy decarbonisation efforts
Insiders say asset manager is on the brink of announcing an exit from the Net Zero Asset Managers initiative
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NewsPGGM disbands advisory council amid row over new investment policy
The pension asset manager also tried to fire its chief economist for criticising the firm’s switch to ‘3D-investing’
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NewsPKBS switches to Pictet, LGIM to diversify risk
The emergency takeover of Credit Suisse by UBS in March 2023 triggered the pension fund’s decision to look for new asset managers
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NewsAmundi builds on multi-layer private markets strategy for DACH region
The next steps in Amundi’s private markets strategy in Germany are to promote ‘healthy growth’ among institutional investors and double AUM to €5bn in the next 3 years
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NewsPGGM ditches responsible investment team with new impact strategy
‘Even though this process required me to give up my old job, I still think it’s a good idea,’ says Piet Klop
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NewsBlackRock equity funds didn’t vote on US companies for almost 10 years
BlackRock ‘immediately notified affected clients, apologised and rectified the issue’, the firm said
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NewsInvestment in European equities by European asset managers has fallen by a third
Share of listed equities issued in Europe held by investment funds domiciled in euro area has dropped from 37% in 2015 to 27% at the end of last year, says EFAMA
