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Related Special Reports
...JPMorgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+....
...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...“It means they have found a better place to deploy their assets than the businesses they’re running.” Amazon declined to comment. Meta, Palantir and Snowflake did not respond to requests for comment....
...Months later, he launched activist fund shop Strive Asset Management, promising it would use its shareholder clout to lobby against corporate ESG agendas....
...Catching US rivals such as BlackRock and Vanguard would require hugely bulking up its roughly $2tn of assets under management, a fraction of those peers....
...(Patrick Temple-West) INVESTOR ALLIANCES Asset owners up the ante Climate-focused investor alliances have had a difficult time of late, notably with the exit of major asset managers including State Street...
...Still, the recommendations can provide asset managers with cover to break with a company and support dissident board nominees. Additional reporting by Anna Nicolaou...
...Rokos Capital Management, which manages about $16bn of assets, is up 8.8 per cent in 2024 to February 16. It told investors that the gains were largely driven by the recent sell-off in bond markets....
.... — 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...
...Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third....
...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....
...Starting this year, banks are required to disclose the proportion of their assets that are financing environmental objectives....
...BlackRock has scaled back its commitment to Climate Action 100+ while State Street, JPMorgan Asset Management, Pimco and Invesco have withdrawn entirely....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...“Apple should be transparent in their uses of AI and their risk management processes.”...
...At the end of March, assets under management in European ETFs stood at €1.81tn, up 10 per cent on the previous quarter....
...Fundsmith’s assets under management dropped from £28.9bn at the end of December 2021 to £23.7bn two years later....
...and wealth management....
...Shamaila Khan, head of fixed-income for emerging markets and Asia Pacific at UBS Asset Management agrees that “it is very natural, before elections, to have a little bit more spending”....
...It started with float data on equity indices, then it moved to ESG, then it moved to climate, then into private assets. We have the largest databases of private asset classes in the world....
...Investors pumped $65.6bn into active ETFs in the three months to the end of March — more than 50 per cent higher than the previous record of $41bn in the fourth quarter of 2023 — as assets under management...
...“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....
...In a few days, it lost JPMorgan Asset Management, State Street and Pimco. BlackRock has moved its membership from the huge corporate entity to its much smaller international business....
...At the end of December, index funds and ETFs accounted for $6.6tn in assets under management, two-thirds of BlackRock’s $10tn in assets....
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