Leonard Kehnscherper

London

Asset Management Reporter at Bloomberg News

Asset Management Reporter @business. Views mine. [email protected] (Yes, my name exceeds 12-character limit).

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Articles

Boaz Weinstein Scores UK Win as Janus Fund Starts Tender (1)

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper

Boaz Weinstein notched a rare win in his campaign against UK investment trusts as a fund run by Janus Henderson Group Plc is starting an offer to buy back shares — allowing the hedge fund manager to exit his investment. The European Smaller Companies Trust is inviting investors to tender up to 42.5% of the fund’s shares, according to a statement Tuesday.
Boaz Weinstein Scores UK Win as Janus Fund Starts Tender (1)

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper

Boaz Weinstein notched a rare win in his campaign against UK investment trusts as a fund run by Janus Henderson Group Plc is starting an offer to buy back shares — allowing the hedge fund manager to exit his investment. The European Smaller Companies Trust is inviting investors to tender up to 42.5% of the fund’s shares, according to a statement Tuesday.
Ageas to Buy UK Insurer Esure from Bain for £1.3 Billion (1)

1 week ago | news.bloombergtax.com | Leonard Kehnscherper

Ageas SA agreed to acquire the UK’s Esure Group Plc from Bain Capital for £1.3 billion, in a deal that will create the third largest motor and home insurer in the country. Brussels-based Ageas said the deal could generate at least £100 million in cost savings for the insurer per year, according to a statement on Monday. The transaction, which is subject to regulatory approval, is expected to close in the second half of 2025. Shares in Ageas were trading up 1.8% as of 11:30 a.m. in Brussels.
Ashmore Outflows Hit $3.9 Billion as Clients Brace for Tariffs

1 week ago | news.bloombergtax.com | Leonard Kehnscherper

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Ageas to Buy UK Insurer Esure from Bain for £1.3 Billion

1 week ago | bloomberg.com | Leonard Kehnscherper

Left to right, the logos for Confused.com, a unit of Admiral Group Plc, Esure Group Plc, Gocompare.com Group Plc, and Moneysupermarket.com Group Plc, sit on laptop screens in this arranged photograph in London, U.K., on Monday, Aug. 20, 2018. Shares of GoCompare.com Group Plc fell as much as 10 percent, while peer Moneysupermarket.com Group Plc dropped 4.7 percent in London trading after Reuters reported that Amazon is holding talks with insurance companies regarding creating a rival website.
Ashmore Outflows Hit $3.9 Billion as Clients Brace for Tariffs

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper

Ashmore Group Plc outflows accelerated at the start of the year, while some investors at the emerging markets asset manager started to dump riskier assets in recent weeks amid US President Donald Trump’s trade war. Clients pulled a net $3.9 billion in the three months through March, up from $400 million in the previous quarter, according to a statement on Monday.
BP Investor L&G to Vote Against Keeping Outgoing Chair on Board

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper

One of BP Plc’s largest shareholders plans to vote against the reelection of outgoing Chairman Helge Lundto the board, underscoring its opposition to the oil giant’s pivot away from its net zero strategy. In a blog post on Friday, Legal & General Group Plc’s investment stewardship team said it’s “deeply concerned” about BP’s strategic shift, which included dropping a plan to shrink oil and gas production and less spending on clean energy.
BP Investor L&G to Vote Against Keeping Outgoing Chair on Board

1 week ago | financialpost.com | Leonard Kehnscherper

Article content(Bloomberg) — One of BP Plc’s largest shareholders plans to vote against the reelection of outgoing Chairman Helge Lund to the board, underscoring its opposition to the oil giant’s pivot away from its net zero strategy. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
BP Investor L&G to Vote Against Keeping Outgoing Chair on Board

1 week ago | bloomberg.com | Leonard Kehnscherper

(Bloomberg) -- One of BP Plc’s largest shareholders plans to vote against the reelection of outgoing Chairman Helge Lund to the board, underscoring its opposition to the oil giant’s pivot away from its net zero strategy. In a blog post on Friday, Legal & General Group Plc’s investment stewardship team said it’s “deeply concerned” about BP’s strategic shift, which included dropping a plan to shrink oil and gas production and less spending on clean energy.
BP Investor L&G to Vote Against Keeping Outgoing Chair on Board

1 week ago | news.bloomberglaw.com | Leonard Kehnscherper

One of BP Plc’s largest shareholders plans to vote against the reelection of outgoing Chairman Helge Lundto the board, underscoring its opposition to the oil giant’s pivot away from its net zero strategy. In a blog post on Friday, Legal & General Group Plc’s investment stewardship team said it’s “deeply concerned” about BP’s strategic shift, which included dropping a plan to shrink oil and gas production and less spending on clean energy.