Aysha Gilmore

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Articles

London CIV partner funds asked to boost pool's capital

2 weeks ago | room151.co.uk | Mona Dohle |Aysha Gilmore

Partner funds of London CIV face a regulatory capital call this month as the pool boosts reserves to meet FCA rules. Please subscribe or upgrade your membership. To continue reading this article please sign in below or subscribe to our site. Subscribe The 32 partner funds of the London CIV pool have been asked to contribute an additional £70,000 towards the pool’s regulatory capital by the
Council on the brink to borrow over £50m to fund SEND deficit

Feb 17, 2025 | room151.co.uk | Aysha Gilmore |Jason Holland

Bournemouth, Christchurch and Poole (BCP) Council has been told to borrow more than £50m to cover its special educational needs and disabilities (SEND) deficit, following the government’s plan to return the SEND financial system to sustainability in 2025. BCP has attributed its rising deficit to increasing demand and cost of delivering SEND services. It is budgeting £122m for SEND provision in 2025/26, significantly outpacing the government’s funding allocation of £64.5m.
Trump’s tariffs: a new headwind for clean energy infrastructure?

Feb 12, 2025 | netzeroinvestor.net | Aysha Gilmore |Thomas Helm

This week, US president Donald Trump stated that he would impose tariffs of 25% on all steel and aluminium imports into the US, with these measures beginning on 12 March, according to an executive action published by the White House. The move by the US president is designed to protect domestic steelmakers, but it will affect US allies, including Canada and Mexico, and could sharply raise costs for American manufacturers that import the metals.
Asset owners revise manager relations after NZAM exits

Feb 10, 2025 | netzeroinvestor.net | Thomas Helm |Mona Dohle |Aysha Gilmore

With Blackrock, Vanguard, Northern Trust, and various other asset managers having exited the Net Zero Asset Managers initiative (NZAM), which led to the suspension of the network's activities, asset owners are scrambling to evaluate their relationships with these managers. Political and legal pressure, especially the anti-ESG movement in the US and Donald Trump’s return to the White House, are widely seen as the main cause for the departures.
BlackRock launches UK fund to back low-carbon materials transition

Jan 17, 2025 | netzeroinvestor.net | Aysha Gilmore

BlackRock has launched a new UK-domiciled fund focused on investing in companies involved in materials essential for the low-carbon transition, particularly those whose supply chains require decarbonisation. The BlackRock BFM Brown to Green Materials Fund will focus on sectors such as metals, mining, cement, chemicals, steel, and construction materials. In addition, the fund aims to invest in companies committed to decarbonisation and environmental sustainability.
LGPS consultation: funds warn of conflict of interest

Jan 17, 2025 | room151.co.uk | Aysha Gilmore

With LGPS: Fit For the Future consultation closing, initial reactions reveal a strong sentiment among the industry that the government’s proposals could result in funds not getting the best value for their money. While some have welcomed “overdue” reforms to pooling and local investment, others have flagged serious concerns over proposals regarding asset allocation and investment advice.
News round-up: SEND deficits risk s114s, City of London upgrades systems

Jan 15, 2025 | room151.co.uk | Aysha Gilmore

Croydon to acquire 73 homes to tackle TA crisis Croydon Council is set to acquire 73 residential units for use as temporary accommodation. A council report, scheduled to be discussed on 22 January, seeks approval to acquire a 999-year lease on Zodiac House, a recently refurbished office-to-residential conversion. The council plans to finance the acquisition using a combination of Right to Buy receipts, the Local Authority Housing Fund grant allocation and external borrowing.
Tracker Group appoints Christine Chow as new CEO

Jan 14, 2025 | netzeroinvestor.net | Aysha Gilmore

The Tracker Group, home to Carbon Tracker and Planet Tracker, has appointed Christine Chow as its chief executive officer (CEO). Chow’s appointment follows the decision to bring Carbon Tracker and Planet Tracker under a single leadership team after the departure of their respective CEOs, Jon Grayson and Robin Millington, in October.
Recovery Grant methodology offers 'biggest clue' to fair funding reform direction

Jan 14, 2025 | room151.co.uk | Aysha Gilmore

The distribution of the Recovery Grant offers the “biggest clue” to the government’s intentions for the forthcoming fair funding review, with deprivation and resources equalisation likely to play a central role, according to Dan Bates, director at LG improve. After months of speculation, local government minister Jim McMahon pledged in November to “finish the job” on the previous administration’s fair funding review.
Rest-backed climate real estate fund acquires assets in Europe

Jan 13, 2025 | netzeroinvestor.net | Aysha Gilmore

A real estate fund, backed by Australian superannuation fund Rest and managed by Fidelity International, has acquired three logistics properties. Rest, which has assets under management of $90bn, committed €80m to the Fidelity Real Estate Logistics Impact Climate Solutions Fund (LOGIC) in April 2024, where it signed on as a cornerstone investor. Overall, the fund raised €200m during its first close in spring last year.