Amundi: Europe’s largest asset manager makes £300m private market push February 7, 2024 Europe’s largest asset manager Amundi is set to buy a Swiss private markets specialist as it becomes the latest large asset manager looking to expand into the alternatives sector. The French firm said today that it would be paying €350m (£298.3m) for Alpha Associates, which currently manages €8.5bn of assets. The acquisition will bring Amundi [...]
Ashmore suffers further outflows as emerging markets improve February 7, 2024 Ashmore, the emerging markets manager, has suffered further outflows despite stronger performance over the last six months.
BlackRock holds top spot for tenth time in ‘another bruising year’ for UK fund industry February 7, 2024 BlackRock came in first place for gross retail sales throughout the year, followed by Legal & General, Fidelity and HSBC AM.
FCA: We’re moving at the ‘speed and precision’ of a Formula One team on London listing reform February 6, 2024 The FCA is delivering reforms to the UK's listing regime with the “speed and precision” of a Formula One team, a top FCA official has claimed
Fund managers bullish on private equity in 2024 despite sector headwinds February 6, 2024 A key survey of private equity funds has found most managers are bullish for the year ahead despite the challenges facing the sector. In a study from Carne Group, which surveyed over 200 fund managers that collectively manage $1.6trn, private equity was selected by respondents as the most popular alternative investment. 28 per cent expected [...]
Fintech investment in crisis but London remains ‘European capital’ February 6, 2024 UK fintech investment dropped by $12.3bn (£9.8bn) last year, falling 34 per cent, but the country remained the lead investor in Europe. Fintech investing across the Europe, Middle East and Asia region halved last year, falling from $49.6bn in 2022 to just $24.5bn, its lowest level in seven years, data from KPMG revealed. John Hallsworth, [...]
Proposed pension and investment reforms drive revenue and profits at wealth manager Mattioli Woods February 6, 2024 Mattioli Woods saw its revenue and profits increase during the first half of its financial year.
Augmentum leads fresh investment round in London insurtech Artificial Labs February 6, 2024 It will also look to entrench its position as in algorithmic underwriting software, as insurance increasingly looks towards 'digital solutions', an update to the markets said this morning.
Cazoo founder and state-backed investor drive £76m injection into AI fund February 6, 2024 The state-backed investor British Patient Capital and founder of troubled car firm Cazoo have backed a £76m injection into an London-based venture capital firm as it gears up for a spate of AI investment in the coming months.
New study: What’s holding back sustainable funds? Greenwashing. February 6, 2024 Investments into sustainable funds are reducing due to an increase in greenwashing and scepticism towards environment, social and governance focused investing, a new study has found.