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.
Some managers had shorted the payments specialist on doubts over its governance. Others, especially in Germany, were caught wrong-footed.
Two thirds of European investors believe that their managers are not concerned enough about climate change, according to the Coller Capital barometer.
None of the 75 world's largest asset management companies has a dedicated policy on biodiversity, the British non-governmental organisation stressed in its latest report.
Tech and healthcare companies have done well during the pandemic; tourism and leisure not so much, said industry experts.
China Life currently manages life and non-life assets of Allianz in the country.
The gated fund, run by former British manager Neil Woodford, sold its 19 healthcare assets to Acacia Research Corporation for up to £223.9m.
In an interview with Asset News, François Dubrau, a capital market partner at Cognizant Consulting, provides an update on the coronavirus’s impact on asset management firms. Dubrau feels that it merely reinforces underlying trends that we have already been seeing for several years.
