Buy side Monthly archive

Feb 27, 2019
Aberdeen offers passive route into hedge fund strategies
Edinburgh, Scotland-based asset manager Aberdeen Standard Investments (ASI) is launching a fund of alternative Ucits funds for institutional investors, offering a passive route to exposure to a diverse range of hedge fund strategies. The ASI HFRI-I Liquid Alternative Ucits Strategy is being backed with $150 mn of institutional investor money and will ...
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Feb 26, 2019
Biggest fund managers continue to support ‘excessive’ CEO pay deals
Some of the world’s largest fund managers have been accused of nodding through excessive pay packages, according to research from As You Sow – though some dispute the data. The California-based non-profit has published a list of what it says are the 100 most overpaid chief executives from the S&P 500 last year. It compiled the list by comparing remuneration with total shareholder return and then looked at votes against those packages.  The report, ti...
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Feb 25, 2019
Chinese equity markets boosted by progress in US-China trade talks
Equity markets in China have been boosted by US President Donald Trump’s announcement that there has been ‘progress’ on a US-China trade deal and his extending of the March 1 deadline. The blue-chip CSI 300 Index rose 4 percent on the news, hitting its highest level since June 2018 and rising more than 23 percent from January lows. According to Trump’s tweets, there has been ‘substantial progress’ between the two sides, following talks. The presid...
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Feb 25, 2019
Avendus Capital opens Indian ESG fund to investors
Boutique investment firm Avendus Capital is taking money for one of India’s first funds to be based around investment decisions on ESG issues, as Indian company governance becomes a big investor concern. Avendus envisages it will raise $1 bn over two years with its ESG fund, with about 70 percent of that flow coming from foreign investors. While ESG and sustainable investment is virtually part of the norm in Europe and the US, the concept is only just emerg...
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Feb 22, 2019
A useful review: The work of the Investor Forum in 2018
Established in 2014, the UK's Investor Forum has established an impressive body of collective engagement work for which it was set up. The recently published Investor Forum Review of 2018 reports the collective engagements with UK companies, with 12 different company situations identified for assessment – leading to six completed engagements. Andy Griffiths, executive director at the Investor Forum, sums up for IR Magazine the themes the forum has dealt w...
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Feb 19, 2019
Japanese share buybacks hit record high
Japanese share buybacks have hit a record for the current fiscal year, which closes at the end of March, with the trend set to continue as cash-rich companies increasingly focus on shareholders, spurred on by investor and government demands.   In recent weeks, multinational conglomerate SoftBank, electronics behemoth Sony, general trading group ITOCHU and ot...
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Feb 18, 2019
BofAML reveals secular stagnation outlook among investors
The Bank of America Merrill Lynch (BofAML) fund manager survey for February reveals that investors are still downbeat on global growth. Forty-six percent of investors expect global growth to weaken over the next 12 months, with ‘secular stagnation’ – cited last month – still the consensus view: 55 percent of investors surveyed are bearish on both the growth an...
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Feb 06, 2019
No ‘pig of a year’ for investors looking to China
As China celebrates its New Year, many investors will be hoping the Year of the Pig doesn’t live up to its name – and the expectation is that it won’t. Like most of the world’s capital markets, Chinese stocks ended 2018 on a sour note, with both the Shanghai and Shenzhen stock indices slumping into bear market territory for the year at -25 percent and -35 percent, respectively. ‘Just as there were several contributing factors to the remarkable retur...
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