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...JPMorgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+....
...Months later, he launched activist fund shop Strive Asset Management, promising it would use its shareholder clout to lobby against corporate ESG agendas....
...Still, the recommendations can provide asset managers with cover to break with a company and support dissident board nominees. Additional reporting by Anna Nicolaou...
.... — Patrick Temple-West Sustainable investing Australian pension fund broadens investments amid uncertainty One of Australia’s largest pension funds is broadening its sustainable assets to include smaller-scale...
...“We see more and more of our clients blending more types of investment products,” said Stephen Cohen, newly appointed chief product officer. “This is about ensuring we have the right ones . . ....
...Read the full story here Chart of the week Liontrust was once a darling of the UK’s asset management industry, with chief executive John Ions presiding over an increase in assets from £1bn to £36bn in...
...BlackRock manages two of the five-largest US ESG funds, according to Morningstar, and has more than $48bn of ESG assets under management....
...Cohen said that it was not possible to say exactly how much the group was aiming to spend because it depended on what assets came for sale. “Len doesn’t give you a pot and says spend this....
...“It’s the dollar losing utility as an asset to store trade surpluses,” says John Hathaway, managing partner of Sprott Inc, a Canadian asset manager specialising in metals....
...BlackRock has scaled back its commitment to Climate Action 100+ while State Street, JPMorgan Asset Management, Pimco and Invesco have withdrawn entirely....
...Acquiring GIP, which has about $106bn in assets under management, would make BlackRock the world’s second-largest manager of private infrastructure assets, and bolster the leadership of its alternatives...
...“The return of cash is the biggest theme in asset management right now,” said Stephen Cohen, head of Europe, Middle East and Africa for BlackRock....
...A Wild West shootout! One of the guys from Peaky Blinders! Boxing has never been one for modesty or subtlety....
...“We need these [asset management] companies to be acting on the right side of history. We need them to be helping lead the charge in the way that they were,” he said....
...Mutual funds have enabled millions to invest in the stock market since they were introduced 100 years ago, but newer, nimbler products are reshaping asset management....
...In August, the SEC lost its attempt to prevent the launch of a US-listed spot-bitcoin fund by asset management firm Grayscale, which an appeals court called “arbitrary and capricious”....
...The bank has a new three-year strategy designed to boost its wealth division that includes an aim of increasing invested wealth management assets from $3.8tn to more than $5tn by 2028....
...Eighteen states have passed some form of anti-ESG law, and Texas and West Virginia among others are boycotting BlackRock funds....
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
.... — Patrick Temple-West Mr ESG joins ESG Inc Hiro Mizuno built a reputation as one of the world’s biggest champions of sustainable investing during his time as head of the giant Government Pension Investment...
...Where “say on climate” resolutions were proposed by shareholders and opposed by management, BlackRock said it voted against them....
...Flynn will retain another role as co-head of private wealth management, and succeeds Kim Posnett....
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...After being beat out by Pick for the top job, wealth management head Andy Saperstein and asset management boss Dan Simkowitz have both agreed to stay on in expanded roles at the bank — a rarity compared...
...Management, which oversees €526bn....
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