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1 week ago | 
citywire.com | John Schaffer |Selin Bucak |Joseph Eden |Pietro Cecere
Canadian investment group Sagard has taken a stake in French secondaries specialist Bex Capital as it bolsters its offering for high-net-worth investors.
The acquisition will allow the former – which has $27bn in assets under management (AUM) – to expand into fund-of-funds secondaries. When the deal is completed in the coming weeks, Bex Capital ($2bn of AUM) will be co-branded with Sagard.
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1 week ago | 
citywire.com | Olivia Bybel |Pietro Cecere |Chris Sloley |Joseph Eden
The age of the star manager has been eclipsed by collaboration and technical analysis in fund management, according to UBP’s Didier Chan-Voc-Chun.
‘Having worked in this field for two decades, I’ve witnessed a shift away from “star managers”. The new generation of managers tends to rely more on analytical tools and collaborative decision-making, mitigating the impact of any single departure,’ he said.
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1 week ago | 
citywire.com | Olivia Bybel |Pietro Cecere |Chris Sloley |Joseph Eden
From soaring US debt to the future path of central banks, we put some of the market’s biggest questions to more than 100 European fund selectors at recent Citywire events in Lisbon, Madrid, Bellagio and Dublin.
Through three infographics, we reveal what they had to say about:
Note: All responses were gathered before the ‘Liberation Day’ market correction. Already have an account? Do you personally advise on or manage investments for clients?
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1 week ago | 
citywire.com | Joseph Eden |Olivia Bybel |Tania Mitra |Chris Sloley
Matthews Asia is once again facing personnel changes, this time at the top.
The company’s CEO, Cooper Abbott, left the firm on April 7. He has been replaced by Mark Headley, Matthews’ co-founder and ex-CEO. Headley assumed all CEO responsibilities on April 8 and will serve as interim CEO. He has also been named executive chairman of the company.
Abbott became CEO in 2022, joining from Carillon Tower Advisors, where he worked as president and chairman.
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1 week ago | 
citywire.com | John Schaffer |Fergus Horsfall |Selin Bucak |Joseph Eden
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1 week ago | 
citywire.com | Chris Sloley |Dylan Lobo |Joseph Eden |Selin Bucak
Liontrust remains under the cosh with another £1.3bn (€1.5bn) leaving its funds business in the first quarter.
This follows a net outflow of £1.6bn in the final quarter of 2024 and a €1.4bn outflow in the corresponding period last year.
Assets under management and advice fell by 8.1% over this year’s first quarter to stand at £22.6bn at 31 March. Already have an account? Do you personally advise on or manage investments for clients?
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1 week ago | 
citywire.com | Ian Heath |Chris Sloley |Joseph Eden |Selin Bucak
Franklin Templeton has launched two new Ucits ETFs designed to offer European investors core equity exposures with an ESG tilt.
The Franklin S&P 500 Screened Ucits ETF and the Franklin S&P World Screened Ucits ETF aim will track the S&P 500 Guarded index and the S&P Guarded World index, respectively.
These indices are designed to mirror their traditional counterparts (the S&P 500 and S&P World) as closely as possible, while integrating ESG considerations. Already have an account?
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1 week ago | 
citywire.com | Joseph Eden |Olivia Bybel |Selin Bucak |Serge Debrebant
Pantheon has launched a private credit secondaries fund for private wealth investors outside the US, adding to the group’s existing $9.1bn platform.
The alternative asset manager has set up the Pantheon Global Credit Secondaries fund as a semi-liquid vehicle, offering quarterly redemptions up to 5% of net asset value.
The fund will look to buy limited partner (LP) stakes in private credit funds, as well as participate in general partner-led deals.
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1 week ago | 
citywire.com | Joseph Eden |Olivia Bybel |Serge Debrebant |Selin Bucak
While markets seem increasingly beholden to geopolitical whims, portfolio managers are scrawling the landscape for opportunities. Few of them are embracing this chaos as willingly – or as successfully – as Russel Matthews.
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1 week ago | 
citywire.com | Joseph Eden |Olivia Bybel |Serge Debrebant |Selin Bucak
Stephan Kemper heads product selection at BNP Paribas Wealth Management Private Banking in Germany, a private banking advisory firm. In this interview, he explained how the eurozone’s largest bank selects funds, when he uses exchange-traded funds (ETFs), and which Asian markets he is currently leaning towards.
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