Brexit-proof: City’s share of European investment management market larger than Frankfurt, Paris and Zurich combined September 23, 2021 The City of London’s share of the European investment management market is larger than the combined total of Paris, Frankfurt or Zurich. It is by far the largest investment management hub in Europe with a market share of 37 per cent, according to new data shared with City A.M. today. The City of London and [...]
Bridgepoint revenues and assets both jump by over 50 per cent in first results since IPO September 15, 2021 Private equity firm Bridgepoint’s assets under management swelled by 54 per cent year-on-year to €29bn in the first half of 2021, as the economy recovered from its pandemic lows and investor interest in its alternative asset classes surged. Upon listing in July, the buyout group’s shares soared by up to 30 per cent, and have [...]
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 [...]
Gresham House targets Mobeus’ venture capital arm in £36m deal September 10, 2021 Gresham House has acquired Mobeus Equity Partners’ top-performing venture capital trust (VCT) business in a £36m deal, three months after purchasing Ireland’s Appian Asset Management. As part of its latest deal, the alternative asset manager will take on £369m assets under management that run across Mobeus’ four VCT funds. Expected to complete in the next [...]
Exclusive: Real estate and crypto top list of UK investors’ alternative asset picks September 9, 2021 In the current climate of low interest rates and high valuations, UK investors are looking for new ways to get returns in less liquid areas that are relatively cushioned from yo-yoing equity and bond markets. This mood music has pushed almost half (43 per cent) of UK investors to consider alternative assets to make their [...]
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. [...]
‘Tragic mistake’: George Soros slams BlackRock’s investment in Xi’s China, again September 7, 2021 George Soros has condemned BlackRock’s wealth management move into China as a “tragic mistake” that will risk losing clients’ money and damage US security, in his latest attack on investment in the world’s second-biggest economy. “Pouring billions of dollars into China now is a tragic mistake,” the billionaire investor wrote in a Wall Street Journal [...]
Foresight targets £200m sustainable forestry company IPO September 6, 2021 London-listed sustainable investment manager Foresight has announced it is branching out with an IPO of a new fund that will invest solely in UK forestry assets. Incorporated only a week ago, Foresight Sustainable Forestry Company will list on London’s main market with a fundraising target of up to £200m, at a price of 100 pence [...]
DWS rejects greenwashing allegations after probes launched in US and Germany August 27, 2021 German asset manager DWS has rebuffed claims that it misled clients by overstating its sustainable investing activities, after the news of probes by US and German regulators into the allegations sent shares plummeting. Shares in the €859bn group plunged by as much as 14.2 per cent yesterday, after reports emerged that the German regulator BaFin [...]
ESG: full speed ahead, sat-nav still required August 24, 2021 | City Talk Sustainable investing based on environmental, social and governance (ESG) factors has become central to how we invest. Investors are demanding more from their asset managers: they want to invest based on their values and they are demanding more accountability from companies about addressing changing societal issues. Indeed, the Index Industry Association (IIA)’s most current latest [...]