By Victoria Klesty OSLO (Reuters) -Norway’s sovereign wealth fund, the world’s largest, earned a return on investment of 1.58 trillion Norwegian crowns ($177 billion) last year, the second highest on record, with the biggest boost coming from tech stocks, it said on Thursday. The $1.3 trillion fund’s return on investment stood at 14.5% for the …
Norway wealth fund earns second-highest return in 2021 Read More »
By Julie Gordon and David Ljunggren OTTAWA (Reuters) – The Bank of Canada will soon starting hiking interest rates from record lows to combat inflation, Governor Tiff Macklem announced on Wednesday, saying the economy no longer needed help to deal with the effects of the COVID-19 pandemic. Macklem spoke after the central bank surprised some …
Bank of Canada signals hikes coming soon, leaves key interest rate unchanged Read More »
BOSTON (Reuters) – Activist investment firm Legion Partners, which last year was part of a group that settled for three board seats at retailer Kohl’s Corp, told clients that its fund returned nearly 35% after fees in 2021, two sources said. The gains were fueled, in part by investments in Vonage Holdings Corp which sold …
By Simon Jessop and Kate Abnett (Reuters) – The European Commission’s draft proposal that natural gas and nuclear energy should be labelled as green investments has split money managers. Below are the views of some investors spoken to by Reuters. Ian Simm, founder and CEO at Impax Asset Management “The inclusion of gas and nuclear …
Factbox-Gas and nuclear are ‘green’? Not so fast, say some investors Read More »
By Simon Jessop and Kate Abnett LONDON/BRUSSELS (Reuters) – European efforts to reach a common definition of sustainable investments risk fragmenting the market they aimed to unify, as investors are deeply divided over which energy sources should count as green. A Reuters survey of 16 fund managers with $6 trillion in assets found investors were …
Analysis-Investor clash on gas and nuclear muddies EU green finance drive Read More »
By Simon Jessop LONDON (Reuters) – A group of the world’s largest asset owners managing $10.4 trillion said on Tuesday they would step up their response to climate change and aimed to at least halve carbon emissions from their investment portfolios by 2030. The 69 members of the Net-Zero Asset Owner Alliance, which include reinsurer …
Asset owners pledge to at least halve portfolio emissions by 2030 Read More »
DUBAI (Reuters) – New York-based Teneo said on Monday it was launching a financial advisory business in the Middle East. The company, which already operates in the fields of strategic communications, management consulting and risk advisory services in the region, has hired restructuring veterans Matthew Wilde and Elie Fakhoury from AlixPartners, it said. Wilde was …
Teneo launches financial advisory business in the Middle East Read More »
(Reuters) -Goldman Sachs Group Inc has appointed Luke Sarsfield to co-head its $1.7 trillion asset-management business, Bloomberg News reported on Sunday. Goldman Chief Executive Officer David Solomon will likely announce Sarsfield’s promotion this week, the Bloomberg report https://bloom.bg/3nQSOrV said, citing sources. Goldman declined to comment. The asset-management arm of the bank provides investment and advisory …
Goldman appoints Sarsfield to co-run asset management unit – Bloomberg News Read More »
ATHENS (Reuters) – Piraeus Bank has agreed with investment firm Varde Partners to buy its controlling stake in Trastor Real Estate Investment Company for about 98 million euros ($111.04 million), the bank said on Friday. Under the agreement, Piraeus, which now holds a 45% stake in Trastor, will acquire an additional stake of 52% in …
Piraeus Bank to buy additional stake in real estate company Trastor Read More »
ZURICH (Reuters) – Swiss bank Union Bancaire Privee said assets under management rose 8.8% in 2021 to 160.4 billion Swiss francs ($175.40 billion), helped by favourable market conditions and net capital inflows of 5.7 billion francs. “This net new money comes mainly from growth markets, but in particular Asia, the Middle East and Eastern Europe, …
Swiss bank UBP boosts assets under management 8.8% in 2021 Read More »
