Even after failing miserably, asset managers can bounce back in another entity or by setting up their own firm.
In its annual Climate Impact Pledge, Legal and General Investment Management (LGIM) announced its intention to expand its engagement programme to spur net-zero carbon emissions.
Fixed income products have drawn most of the $128.7bn net inflows recorded by the US investment manager in the third quarter of 2020.
The asset manager is reopening this Tuesday the liquid portion of its funds closed since 28 August 2020. How will investors react?
This asset class is now almost back to its pre-crisis performances in Europe.
Responsible investors welcome the global financial group's move but point out some details of HSBC's net zero carbon plan are lacking.
Morgan Stanley will acquire Eaton Vance, an asset manager with over $500bn in assets under management (AuM), for an equity value of approximately $7bn.
Over the first six months of 2020, 42% of active euro-denominated Europe equity funds underperformed the S&P Europe 350, according to the latest SPIVA Europe scorecard.
Swedish pension fund AP1 and Paris-based quantitative asset manager Tobam announced a new investment approach that would exclude fossil fuels in emerging market equities and international high yield bonds.