-
Nov 20, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
The Impax Environmental Markets investment trust said it will adopt the ‘Sustainability Impact' label, after its board and investment manager agreed that the trust's investment strategy meets the qualifying label criteria. "We are delighted to adopt the Sustainability Impact label," said Glen Suarez, chair of Impax Environmental Markets.
-
Nov 19, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
The report, compiled by ISS Market Intelligence (ISS MI), found the downturn in quarterly figures was driven by retail investors following a strong ISA season. Benjamin Reed-Hurwitz, EMEA research leader at ISS MI, said the figures showed that uncertainty among investors is potentially hitting a "boiling point" just as the September portfolio rebalancing arrived.
-
Nov 18, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
The trio, who together led GAM's £1.4bn European equities franchise on behalf of institutional and retail clients, are expected to join Jupiter by the summer of next year. After an "orderly handover", they will then take on the management of Jupiter's existing European equity fund range. Jupiter acquires £800m assets and investment team of boutique Origin As part of the move, Jupiter has put forward a proposal to GAM to take over the funds managed by the team.
-
Nov 18, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
Meyer, who has spent the last two years at abrdn as chief client officer and has a total of 25 years' in the field of asset management, will succeed Rene Buehlmann, who is set to exit after less than two years in the role. Meyer, in turn, will be replaced by Richard Wilson, who will become abrdn's group chief operating officer, taking charge of the firm's technology capability and managing the efficiency of its IT and operations. He will stay in his role as CEO of interactive investor.
-
Nov 18, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
A spokesperson for the firm told Investment Week the withdrawal from the two climate-focused initiatives for investors came after the firm's membership "has become contested", adding "this risks distracting from our core responsibilities". The decision to pull out from both initiatives will not impact Baillie Gifford's commitment "to always act in accordance with the mandates given to us by our global client base", the spokesperson added.
-
Nov 17, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
As part of the promotion, Karim will report to both Jean-Christophe Menioux, general secretary and CFO, as well as Geoffroy Reiss, COO and global head of transversal services for AXA IM Core. Karim will also continue to fulfil part of her current responsibilities as global head of oversight and chief operating officer with the firm's Core division. She is set to take over from current UK CEO Marcello Arona, who is pursuing "an opportunity outside of the business", the firm said.
-
Nov 17, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
In a stock exchange notice today (18 November), the board said the trust is looking to gradually step up its exposure to European assets through an incremental approach. This follows the trust's recent purchase in April of 17 Carrefour supermarkets in France through a sale and leaseback transaction for a total of €75.3m. More recently in November, the board also said it will change the way it calculates its management fee following an agreement reached with its investment adviser, Atrato Capital.
-
Nov 15, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
In his Mansion House speech on Thursday (14 November), King, who was elected the 696th Lord Mayor in late September, suggested conditioning a "full tax break" on ISAs by having account holders invest in UK companies. This move, according to him, would align the regime with other competitors on the market. "When the forerunner of ISAs was introduced, the deal was simple: in return for favourable tax treatment, investors put their money into UK equities," he said.
-
Nov 14, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
According to gross domestic product figures released by the Office for National Statistics today (15 November), production fell by 0.5% in September, mostly as a result of a decline in manufacturing output. This marked a significant departure from August, when that figure stood at 0.5%. Overall, the sector recorded a 0.2% decline over the three months to September.
-
Nov 14, 2024 | 
investmentweek.co.uk | Sorin-Andrei Dojan
In a speech at the Society of Professional Economists' annual conference in London today (14 November), Mann warned that volatility could increase due to global economic challenges, with countries likely to adopt different policies in response. According to Mann, the UK could be hit by the direct effects, and spillovers coming from other countries, with volatility potentially arising from multiple factors.
