All eyes on digital assets: Brevan Howard targets crypto September 13, 2021 Hedge fund Brevan Howard will “significantly expand” its focus on crypto and digital assets with the launch of a new unit focused on the sector, in the latest move indicating growing institutional appetite for the asset class. Brevan, one of Europe’s largest hedge funds, announced it has launched a new division, dubbed “BH Digital”, which [...]
Bottom-up ESG: New platform wants to give retail investor army voting power for £1 September 9, 2021 Tulipshare is targeting the next generation of shareholders by tapping into their booming interest in retail investment and demand for a corporate ESG overhaul. The new UK-based activist investment platform wants to enable individuals to “vote with their money” for change from the inside at Amazon, Coca-Cola and Apple by investing as little as £1. [...]
Does the IPCC report change anything? September 8, 2021 | City Talk The Intergovernmental Panel on Climate Change (IPCC) has published its sixth assessment report (AR6) this week. It has captured headlines around the world, and sets a sobering backdrop in the run-up to COP26, which will bring global leaders together to agree the next leg of global action to tackle the defining challenge of our era. [...]
Give your business a boost and ‘move on up’ to North East England September 8, 2021 | Sponsored The coronavirus pandemic has seen organisations in all sectors find new, innovative ways of working. From remote and hybrid offices, to the adoption of new digital technologies like video conferencing and cloud computing; the pace of change has been unprecedented. Another significant trend – one that was well established before the pandemic but has continued [...]
Revisiting Beta: How well has Beta predicted returns? September 7, 2021 | City Talk After the capital asset pricing model (CAPM) was developed in the 1960s and 1970s, financial researchers started to test how well this theoretical model actually worked in the real world. Amid expanding computing power and greater data access, the 1980s became a critical era for gauging CAPM’s validity as analysts explored beta’s effectiveness in anticipating [...]
JCB heir Jo Bamford joins forces with City insider Max Gottschalk to launch £1bn hydrogen investment fund September 6, 2021 The heir to the JCB excavators empire, Wright Bus chairman Jo Bamford, confirmed to City A.M. this morning that he has joined forces with multi-family office Vedra Partners to launch HyCap, a new hydrogen investment fund which has set its sights on raising £1bn. The capital, which currently stands at just over £200m after the [...]
SEC double hit: Robinhood comes under scrutiny for key revenue stream and share sale filing September 1, 2021 Trading platform Robinhood has told investors that the US financial watchdog is reviewing a filing of a share sale by a group of its shareholders, a day after its share price sank on two other bouts of bad news. The U.S. Securities and Exchange Commission (SEC) review prevents any sales being made off the filing [...]
Exclusive: City’s venture capital guru on Brexit, ESG fundraising and impact investing August 31, 2021 With Brexit just behind us, and the pandemic gradually being brought under control, it seemed like a good time to measure the temperature of London’s venture capital investment space. City A.M. sat down with David Hall, for his first major interview as chairman of the Venture Capital Trust Association, since succeeding Stuart Veale in January [...]
Climate progress tracker improves on higher carbon prices and electric vehicle sales August 31, 2021 | City Talk Last week, the Intergovernmental Panel on Climate Change, issued a landmark scientific report that serves as a “code red for humanity”, according to the UN Secretary General, Antonio Guterres. It comes three months before the 26th Conference of the Parties (COP26), warns of climate catastrophe and lays the blame firmly at the door of human activity. [...]
UK’s Nest pension fund launches £1.5bn private equity spending spree August 27, 2021 Workplace pension scheme giant Nest has launched a new procurement for private equity, in which it plans to invest £1.5bn – or 5 per cent of its assets under management – by 2024. The state-backed pension fund, which has £20bn assets under management and 10m members, has announced a search for fund managers for the [...]