The FCA cannot afford to focus on Brexit alone October 25, 2018 It has been a mixed few months for the City's watchdog. On the one hand, the Financial Conduct Authority (FCA) has delivered long-awaited reforms to the asset management industry, while its chief Andrew Bailey has made several strong interventions in the Brexit debate, such as pointing out the absurdity of EU negotiators attempting to rule [...]
Blackrock’s European regional headquarters to stay in the UK after Brexit October 24, 2018 Wealth management firm Blackrock is poised to keep its largest European regional operations headquarters in the UK after its exit from the European Union, moving "only very few" jobs to other offices on the continent. The world's largest asset management firm currently manages operations for the Europe, Middle East and African (EMEA) region from its UK [...]
Merian Global Investors targets Asia expansion with Ping An partnership October 23, 2018 Merian Global Investors has signed an agreement with Hong Kong asset management firm Ping An as the firm targets expansion into Asia. The London-based asset management business agreed a Memorandum of Understanding with Ping An this morning, which will allow the firms to work together on fund distribution, marketing and investment advisory services. Read more: FTSE [...]
Crypto A.M. shines its spotlight on Sensify October 16, 2018 Sensify, a UK based company, has developed an Internet of Things software platform for connecting any type of IoT asset. The platform allows the customer to track, trace, monitor, verify and secure its assets in real time. Assets that can connect to the platform include RFID, sensors, telematics devices, inventory and machinery. The IoT market [...]
Blackrock reports boosted earnings but ‘disappointing’ net flows October 16, 2018 Blackrock, the world's biggest asset management firm, has reported a rise in earnings in its third quarter results, but revealed net outflows of $3bn (£2.27bn). Assets under management were also up by 8 per cent from $5.97 trillion (£4.52 trillion) between July and September 2017 to $6.44bn trillion this year. Read more: Blackrock wins £30bn investment contract from [...]
Allianz artificial intelligence fund passes £880m mark October 15, 2018 Allianz Global Investors' artificial intelligence (AI) fund has passed the €1bn (£880m) assets under management mark 18 months after its launch. The Global Artificial Intelligence Fund, which was launched in March last year, invests in companies developing AI systems in a bid to benefit from rapid advancements in disruptive technology such as Big Data analysis, machine learning, self-driving cars [...]
Asset management firm Man Group announces boosted inflows and opens Jersey holding company October 12, 2018 Man Group, the worlds largest listed asset management firm, has reported an increase in funds under management in a trading update today. The fund saw net inflows of $0.4bn (£0.3bn) in the three months to the end of 30 September, it announced today, as it also revealed its intention to open a new group holding company in Jersey. [...]
Saudi asset manager Sedco adds £137m of European property to portfolio October 9, 2018 Saudi asset management firm Sedco has invested £137.5m in European property, including two sites in the UK. The firm has acquired a £31.8m 25-acre distribution site in Yorkshire, which is occupied by Eddie Stobart, and a £35.2m office complex in Bracknell, Berkshire, which is currently leased by Vodafone. Read more: Property bosses cull delivery vans in bid to [...]
Investment giant Pimco strengthens municipal bond arm with Gurtin acquisition October 3, 2018 US asset management giant Pimco has bought muni bond investment firm Gurtin, its first acquisition since appointing new chief executive Emmanuel Roman. Gurtin Municipal Bond Management has more than $14bn (£10.78bn) of assets under management and the combined business will manage $38bn in dedicated municipal bond assets. Read more: Pimco hires ex-Blackstone vice chair John Studzinski It is the first [...]
South Korean backers splash out £100m for Microsoft HQ October 1, 2018 Microsoft’s vast HQ campus in Reading has been snapped up by a London-based real estate investor and a Korean asset manager for £100m today. Valesco Group and Seoul-headquartered AIP Asset Management have bought the tech firm’s 245,000 square foot park in the run-up to the arrival of Crossrail’s Elizabeth line, which is set to strengthen [...]