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May 24, 2023

‘Positive ESG impact doesn’t come at a financial cost’

Global financial services provider Apex Group claims being the first in the industry to offset its entire lifetime of carbon emissions. The Bermuda-headquartered firm has offset its emissions back to 2003 with certified and audited offsetting projects, it …
May 23, 2023
Asset Managers,Wealth Managers,Asset Servicing,Investing

Raif registrations down 20% for year to date vs 2022

Fund management companies registered some 22 new reserved alternative investment funds (Raifs) in April 2023, according to publicly-released data updated on 15 May. This development brings the total for this year so far to 128. Considering only the first …
May 23, 2023
Laws and Regulations

Eltifs: Esma opens consultation on standards

Europe’s top financial supervisor on Tuesday said it has opened up a consultation on the draft technical standards for European Long Term Investment Funds, or Eltifs, to collect input from the industry. Interested stakeholders have until 24 August to …
May 23, 2023
Asset Servicing

Apex closes acquisition of MJ Hudson’s data division

Financial services provider Apex Group on Tuesday said it has closed its acquisition of the data and analytics division of troubled London-based asset services provider MJ Hudson Plc. The deal includes part of MJ Hudson's business in Luxembourg. The …
May 23, 2023
Asset Managers,News,Laws and Regulations,Wealth Managers

Anti-ESG policy seen as reason to underweight the US

While those European investors still in doubt about the importance of ESG are becoming increasingly bogged down in a rearguard action, U.S. states are increasingly passing anti-ESG laws. “If this becomes federal policy, I would underweight the U.S. in the …
May 23, 2023
News,Sector,Investing

‘Institutional portfolios can do with more venture capital’

Institutional investment portfolios in Europe could do with more venture capital, especially when it comes to making green impact investments, the Netherlands’ technology investment envoy His Royal Highness Prince Constantijn van Oranje-Nassau said in an …
May 22, 2023
Laws and Regulations

SFDR level 2 finetuning: more details and lots of extra work

Technical standards with which sustainability information must comply are becoming clearer as far as the European supervisory authorities are concerned. They published a comprehensive consultation paper with a high level of detail and many calculation …
May 21, 2023
Investing,Opinion

Chart of the Week: Fund manager yet to unwind risk

The latest edition of the Bank of America Global Fund Manager Survey shows that fund managers are still overweight equities while their expectations of future economic growth have come down considerably. Indeed, the chart below shows that fund managers …
May 19, 2023
Asset Managers,News,Laws and Regulations

‘Value for money’ replaces full kickback ban in EU retail plan

Fund firms face the prospect of EU rules setting standards of “value for money” for their investment products under the Retail Investment Strategy due to be unveiled on 24 May. This could include disincentives, for example, to charging active management …
May 17, 2023
Asset Managers,Supervision,Laws and Regulations

Esma wants EU law to stop ‘undue costs’ in funds 

Europe’s top regulator for securities and financial markets on Wednesday said it believes there is a need for EU-level legislation to make sure investors do not bear costs that are considered excessive, unnecessary, or unreasonable when they put their …