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2 days ago | 
citywire.com | Jérémie Gatignol |Olivia Bybel |John Schaffer |Ian Heath
Stonehage Fleming is a regular investor in evergreen funds, but doesn’t offer its redemption capability to its own clients.
Although the flexibility on liquidity is one of the attractions of these types of strategies, when the multi-family office launched its own annual vintage programme in 2016, it made sure that it didn’t feature the inherent redemption capability in the evergreen funds it invested in. But it does benefit from the limited liquidity on offer.
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1 week ago | 
citywire.com | Jérémie Gatignol |Olivia Bybel |Selin Bucak |Simon Evan-Cook
Axa Venture Partners, which decided to go independent following BNP Paribas’ acquisition of its parent company, has rebranded as Atlantic Vantage Point and signed the European Investment Fund (EIF) as an anchor investor for its next vehicle. The firm’s management team decided to launch a management buyout to acquire Axa’s 70% stake in the business, as French giants Axa and BNP Paribas entered negotiations for the sale of Axa Investment Managers.
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1 month ago | 
citywire.com | Olivia Bybel |Jérémie Gatignol |Joseph Eden |Selin Bucak
Massimo Ricatti is using ETFs to avoid concentration risk in the US market.
According to Ricatti, fund of funds portfolio manager for BCC Risparmio & Previdenza and member of Cityiwre Selector’s 2024 40 Under 40, said concentration risk goes beyond tech US tech.
‘I currently follow emerging equity and US equity but I might cover other asset classes over time,’ he said. ‘We are looking at this issue because, beyond concentration within the US market, the MSCI World Index is about 70% US equities.
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1 month ago | 
citywire.com | Jérémie Gatignol |Fergus Horsfall |Savannah Cobb-Thomas
Finma-licensed Criptonite Asset Management has a new partnership with Canadian firm 3iQ.
The two digital assets specialists will work together to launch digital asset fund products for the Swiss and European markets.
Criptonite, based in Geneva, currently has a range of actively managed certificates focused on digital assets and only available for institutional and qualified investors. It is owned by US group Wave. Already have an account?
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1 month ago | 
citywire.com | Olivia Bybel |Jérémie Gatignol |Joseph Eden |Chris Sloley
Franklin Templeton is bringing the newly-acquired investment capabilities of US firm Putman Investments to Europe.
The move follows the completion of Franklin’s acquisition of Putnam, a $121bn AUM asset manager, on 1 January. Franklin Templeton plans to roll out Putnam’s existing flagship equity strategies across Europe and other key regions.
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2 months ago | 
citywire.com | Ian Heath |Jérémie Gatignol |Chris Sloley
40 Under 40 selector Andreas Lindström has launched a new venture, which aims to build out the corporate finance advisory firm he launched in 2023.
Axelina Investment will specialise in acquiring minority stakes in privately held companies, primarily where sister company Axelina Corporate Finance acts as a financial adviser.
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2 months ago | 
citywire.com | Jérémie Gatignol |Ian Heath |Selin Bucak |Chris Sloley
Brazilian sovereign debt is offering a tempting risk premium with markets not pricing in a more market-friendly government on the horizon.
That’s the view of Vontobel Asset Management’s Citywire AA-rated Thierry Larose.
‘In Brazil, you have fundamentals that are deteriorating, but there’s a huge risk premium. It’s not looking good economically, but you get paid the right price for taking the risk. It makes sense,’ the emerging market debt manager told Citywire Selector.
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Jan 22, 2025 | 
citywire.com | Jérémie Gatignol |Chris Sloley |Joseph Eden |Ian Heath
French giant BCPE’s deal with Italian insurer Generali to combine asset management units came to light on 21 January.
Pooling Natixis Investment Managers and Generali Investment Holdings will create one of the largest players in European fund management, with combined assets under management falling just short of €2tn.
However, we have been here before. From Amundi’s takeover of Pioneer to UBS Asset Management’s absorption of Credit Suisse, there are many recent examples to draw upon.
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Jan 21, 2025 | 
citywire.com | Olivia Bybel |Jérémie Gatignol |Ian Wenik
Generali and Natixis are to combine their asset management businesses in a joint venture that will be the second-largest fund group in Europe and the ninth-largest in the world.
The combined business, in which each firm will control 50%, will have €1.9tn ($1.98tn) in assets under management and will generate €4.1bn in revenues.
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Jan 16, 2025 | 
citywire.com | Olivia Bybel |Jérémie Gatignol |William Robins |Ian Heath
Generali and Natixis Investment Managers are planning to reach a preliminary accord to combine their asset management operations next week.
Formalisation of the deal could take place as early as Monday, according to a Reuters report, with Natixis confirming to Citywire France that is is likely to take place next week.
Generali aims to submit the tie-up deal to its board on 20 January, according to Reuters sources.
