Media Pensioendiensten, MN, RobecoSAM, PIMCO, Moore Capital Management, Goldman Sachs Asset Management, AXA Investment Managers, Standard Life InvestmentsMPD – Media Pensioendiensten, provider for the €5.2bn pension fund PNO Media, has appointed Walter Mutsaers as chief executive. Mutsaers is a former director at the €110bn MN, asset manager and pensions provider for the large metal schemes PME and PMT. At MN, he was responsible for strategy, operations and investment management. At the same time, Leo Witkamp, one of MPD’s director, has been tasked with client relations and acquisition. He will be assisted by Marijn Timmermans, who joined MPD as a pensions consultant last month.RobecoSAM – Reto Schwager has been appointed chief executive temporarily after Michael Baldinger, who has held the position since 2011, decided to leave the company. Baldinger is to join the asset management division of an international bank as global head of sustainable and impact investing, and will be based in New York. Schwager is head of private equity and a member of the executive committee.PIMCO – Gene Frieda has been appointed executive vice-president and global strategist for PIMCO’s emerging market and global strategies, while Yaco Arnopolin has been appointed executive vice-president and emerging market portfolio manager. Both will be based in London. Frieda joins from Moore Capital Management, where he was a partner and senior global strategist. Arnopolin joins from Goldman Sachs Asset Management, where he was a managing director and portfolio manager. AXA Investment Managers – Alix Chosson has been appointed as an energy-fundamentals analyst within the responsible investment team. She joins from Standard Life Investments, where she was a responsible investment analyst. Before then, she held a similar position at Generali Investments.
September 29, 2020
The project is intended to plug a gap in the green bond market. Although the market has been expanding rapidly in recent years, there has been little issuance from banks in developing countries.The idea behind the partnership is to stimulate demand through the launch of the fund, and to encourage more supply of green bonds from emerging market financial issuers by providing technical assistance.Frédéric Samama, deputy global head of institutional clients at Amundi, told IPE that pension funds AP4, ERAFP and NZ Super had expressed interest in the fund, among other institutional investors.A spokesperson for ERAFP said accelerating the development of green bonds in emerging markets was vital for the transition towards a low carbon economy. “The initiative of IFC and Amundi to create a structure integrating the constraints and objectives of investors is an excellent way to unlock massive investment capabilities,” the spokesperson said.Samama said there was “fierce” competition among 16 asset managers to form the partnership with IFC. Mercer organised the competition.According to Amundi and IFC, the fund will be the largest green bond fund dedicated to emerging markets. IFC CEO Philippe Le Houérou said: “This green-bond fund will lower the risk for the private sector and attract new investors – essentially creating a market where there was none.“We’ve already identified dozens of banks in many developing countries around the world that could be interested in this fund. It’s a win-win—supporting the green economy and deepening access to international markets for emerging market issuers.”Schroders grows private assets businessSchroders Investment Management is to acquire private equity firm Adveq to accelerate the expansion of its private assets business.The £397bn (€463bn) asset manager also said the acquisition complements its existing capabilities and expertise in real estate and infrastructure finance.Schroders has £14bn of assets in its private assets business, which currently comprises insurance-linked securities, infrastructure debt finance and real estate.Adveq has more than $7bn (€6.5bn) of commitments from a predominantly Swiss and German client base, including some of the largest institutional pension investors and pension funds in the region. It has recently established a client base in the US and other international markets, according to a statement on the acquisition.Peter Harrison, group chief executive at Schroders, said: “This acquisition is characterised by a strong cultural fit between our two firms – a shared client focus and commitment to delivering excellent investment performance.“Adveq’s impressive investment proposition, proven track record and strong position within key markets makes this partnership a complementary combination.”Founded in 1997, Adveq invests in all private equity strategies, including venture capital, growth capital, buyout, and turnarounds through primaries, secondaries, and direct-/co-investments.BNY Mellon targets US municipal bondsBNY Mellon Investment Management has launched a US municipal infrastructure debt fund for intermediary and institutional investors in Europe.The fund launch comes amid expectations of increased activity in US infrastructure development and maintenance under President Trump’s administration, and growing interest from institutional investors in US municipal bonds as an asset class.Municipal bonds are issued to finance infrastructure sectors and projects.Matt Oomen, head of international distribution at BNY Mellon IM, said: “US municipal infrastructure bonds have historically offered attractive yields, even at times of heightened volatility, while holding higher credit ratings and exhibiting lower default rates than the US investment grade corporate bonds.“We believe this asset class represents an attractive risk-return profile for investors and can also benefit from a very favourable Solvency II profile.”The fund will be sub-advised by Standish Mellon Asset Management Company. Amundi is partnering with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to launch a $2bn (€1.9bn) emerging market green bond fund.IFC will seed the Green Cornerstone Bund Fund with up to $325m, with Amundi raising the remaining $1.675bn from institutional investors.The fund will buy green bonds issued by banks in Africa, Asia, the Middle East, Latin America, eastern Europe, and central Asia. It aims to be fully invested in green bonds within seven years.The fund is the first product of a joint venture between IFC and Amundi aimed at developing green finance in emerging markets, according to a statement.
September 16, 2020
Syracuse (4-4, 2-2 Atlantic Coast) kicks off at Florida State (2-5, 2-4) at 12:20 p.m. from Doak Campbell Stadium in Tallahassee, Florida. FSU, which was ranked No. 3 in the preseason Top 25, lost its quarterback Deondre Francois in the season-opener against Alabama and is now trying to salvage a lost season. The Orange head to Florida off a bye while the Seminoles try to collect themselves after a 35-3 loss at Boston College earlier this season.Tomer Langer (5-3)Feeling at homeSyracuse 31, FSU 17Syracuse hasn’t won away from the Carrier Dome all season. It has played very stiff competition though: LSU, NC State and Miami. FSU has talent on its roster, but at going through a lost season and looking like it quit in a blowout loss to Boston College. I think Syracuse takes advantage of a hapless FSU team and comes away with its first road win.Joe Bloss (5-3)Kick ‘em while they’re downSyracuse 31, FSU 27Welcome back after the bye week. The time off will serve SU quite well and the Orange will use the fresh legs to get its first win on the road and send FSU further into its downward spiral since starting the season as the nation’s third ranked team. Eric Dungey, who looked all sorts of banged up at the end of the Miami game and said he spent most of last week sleeping, will be a major benefactor of the extra rest time. He will not throw for four interceptions in one half. That bowl bid is sneaking up.AdvertisementThis is placeholder textMatthew Gutierrez (4-4)BreakoutSyracuse 27, FSU 21The bye week should prove to have benefited SU significantly. The returns of Kendall Coleman and Scoop Bradshaw provide a boost to the defense, not that it needed one. Against a plunging FSU team with no identity, Syracuse pulls out with its fifth win of the season. The Orange has not beaten FSU since the teams’ first meeting in 1966. That changes Saturday. Comments Published on November 4, 2017 at 11:30 am Facebook Twitter Google+