Italian asset manager Azimut has launched a New York-based company, Azimut Alternative Capital Partners.
Odey AM's founder said he has no influence over UK Prime Minister Boris Johnson neither.
The Italian manager's new business is being housed within Azimut Libera Impresa Sgr.
The private sector-led Coalition for Climate Resilient Investment will bring over 30 organisations across the investment value chain with $5trn assets under management to address climate change.
Driven by a “true spike in applications” for AMF certification, the number of portfolio management firms in France rose slightly last year, and the trend could spill over into this year.
An increasing number of fixed-income managers believe that ESG is a way to keep their head out of the water.
Deutsche Bank has announced the transfer of its global prime finance and electronic equities clients to French bank BNP Paribas, with the potential migration of 1,000 staff.
Kristina Hooper, chief global market strategist at Invesco, says that investors need to be prepared for a changing world order, driven by disruptions such politicisation of central banks and geopolitical shifts, in particular, the Sino-US trade war.
Under its cost-cutting plan, the asset manager plans to trim about 100 jobs in France.
The cumulative assets under management of 18 US listed asset managers have reached a new peak at the end of Q2 2019 but most experienced net redemptions over the quarter.