The European Ombudsan has received several complaints on the mandate awarding process regarding possible conflicts of interests.
Virtus will become the investment advisor, distributor and/or administrator of AllianzGI’s approximately $23bn in open-end, closed-end and retail separate account assets.
Franco-German financial group Oddo BHF has entered into exclusive talks with Swiss peer Landolt & Cie for the two firms to join forces.
Some 23.7% of Swiss asset management firms foresee job cuts in the coming 12 months.
For the first time since 2017, private equity deal value in France and Benelux region is set to drop below €100bn due to Covid-19 pandemic, according to Pitchbook’s latest research.
A group of 12 institutional investors, coordinated by the French Caisse des Dépôts, have selected the three asset managers to run two listed equity funds while HSBC GAM will manage a corporate bond fund.
Asset managers and institutions previously invested in Wirecard across Europe have turned their backs on the collapsing German payment specialist.
Oddo BHF Asset Management has raised €131m for the first closing, with the European Investment Fund (EIF) committing €50m.
Fitch Ratings revealed that at least US$62bn of global mutual funds have suspended redemptions year-to-date, highlighting liquidity risks.
