The Swiss group's analysts have lowered 2020 earnings growth forecasts for European asset managers by an average 1.5% but upped 2021-2022 EPS estimates by an average 3%.
The Swiss asset management firm targets total cost reductions of at least CHF 65m in 2020.
Finance Watch, an NGO, has denounced a conflict of interest in a European mandate won by the world’s largest asset manager on ESG tools for managing bank risks.
NN Investment Partners (NN IP) took over the €2bn mandate for the Dutch pension provider.
The Covid-19 pandemic has impacted the venture capital market more than the buyout side of private equity funds, according to Preqin.
After a bullish 2019, most fund selectors had forecast a sharp rise in volatility, according to Natixis IM’s annual study.
Ratings agency Morningstar has downgraded H2O Allegro fund to a negative rating, citing poor stewardship and rampant risk-taking.
JP Morgan Chase & Co, which was the first foreign entity to hold a majority stake in its Chinese joint venture, agreed to fully buyout its local partner.
Preqin-FRG model reveals that 2018/19 vintage funds would witness higher returns due to the Covid-19 pandemic, while earlier vintage funds are likely to suffer.