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Global Investor Magazine


  • December

    Hard hat holdings 21 December 2015

    Originally focused on risk parity funds Aquila Capital has widened its offering and become a real assets specialist. In a market dominated by fundraisers with enormous financial clout, Aquila is proof that entry into infrastructure assets for smaller fund managers is both possible and profitable. By Sean Keating

  • It’s all in the index 21 December 2015

    The inclusion of Saudi Arabia in the MSCI Emerging Markets index in 2017 is expected to catalyse an influx of foreign asset managers into the GCC. But while the internationals have yet to make a major play in the region, the locals are starting to look internationally. By Sean Keating

  • Big market – small net 21 December 2015

    Islamic finance has yet to make the transition from niche product for muslim investors to mainstream product for all. The extra cost of sharia compliance and the lack of liquid product continue to keep Islamic investor solutions tied to that niche. But a competitive sharia-compliant model for non-Muslim investors is not an impossibility. By Paul Golden

  • ETFs: Reality check 17 December 2015

    The suggestion that hedge fund managers have found ways to capitalise on structural inefficiencies in ETFs to make profitable short term trades has received great press but gets short shrift from experts. By Paul Golden

  • Beyond the numbers 17 December 2015

    The first non-bank sub-debt provider in Germany, Rantum Capital has launched a strategy designed to deliver equity-like returns in a bond-type structure. But the real uniqueness of its approach is in its use of industrial partners to lead due diligence. By Andrew Maloney

  • Fees: How much? 17 December 2015

    A new UK initiative is shining a light on all aspects of asset management fees, direct and indirect. And asset manager reporting standards are being found wanting. By Alastair O’Dell

  • New blood banking 17 December 2015

    With average returns in the high single digit bracket and fees of around 50-70bp, direct lending is a thriving sector for European asset managers hamstrung by low interest rates. Alastair O’Dell investigates the demand drivers and long-term viability in this ballooning sector

  • HSBC launches US direct custody and clearing 07 December 2015

    The bank bolsters direct custody network

  • November

    London pensions pool licensed 25 November 2015

    The London Collective Investment Vehicle (CIV) – the pooled funding vehicle launched created by 32 London local authority pensions and the Corporation of London – has been fully licensed as an investment entity by the UK’s Financial Conduct Authority.

  • AJ Bell plans launch of managed portfolio service 19 November 2015

    Financial services and platform provider AJ Bell has announced plans to launch a managed portfolio service in 2016.

  • Global Investor/ISF launches MENA directory 18 November 2015

    Investment management, custodians and brokers based in the MENA region are invited to enter

  • Middle East Awards 2015: Winners announced 02 November 2015

    Global Investor/ISF has named top performers in the MENA region at an annual event in Dubai

  • October

    Local funds for local firms 19 October 2015

    The recent involvement of international firms in local deals suggests that the Middle East is no longer just seen as somewhere to raise funds for private equity investment elsewhere. Domestic and international investment is starting to go local. By Paul Golden

  • The next big thing 19 October 2015

    Assets in Middle East focused ETFs are less than $150m, despite Middle East investors holding up to $30bn of international ETFs. Middle East domiciled ETFs may still be a market waiting to happen but 2016 looks set to be the beginning of the boom. By Paul Golden

  • The infrastructure kings 19 October 2015

    Infrastructure funds could soon be benefiting from a Middle East sovereign wealth fund (SWF) client base. The region’s SWFs are growing in, and hiring in, expertise in infrastructure investment. Consequently, the jump from direct equity, where opportunities are limited, to secondary infra fund investment looks more and more certain. By Tom Nelthorpe

  • September

    Sitting on collateral 28 September 2015

    As new regulatory demands for collateral posting begin the pro-ETF collateral lobby is growing. Are investors sitting on a largely untapped collateral source? The development of ETF filters looks set to provide the answer. By Tanzeel Akhtar

  • London calling 25 September 2015

    Signs are that in 2016 the export of the multi-asset fund concept from London to the US market will boom. Sophisticated multi-asset is an innovation and not just a repackaging of traditional balanced funds. But given the last innovation out of London was ABS, should investors be wary of Londoners bearing gifts? By Ceri Jones

  • The art of noise 25 September 2015

    Big data and cognitive computing are reshaping investment management – particularly in the ESG sector. But it needs to complement, not replace, traditional investment processes. By Hendrik Bartel, CEO and co-founder of Insight 360

  • Cruel summer 25 September 2015

    UK pension schemes have suffered during the volatility of the last quarter and are subtly changing their attitude to investment – in some cases from beta to unconstrained. By Alastair O’Dell

  • Ashmore suffers from emerging markets angst 09 September 2015

    UK-based asset manager Ashmore Group has reported a 21% drop in AUM for the past year caused by investors pulling out of emerging markets.

  • The infrastructure kings 08 September 2015

    Infrastructure funds could soon be benefiting from a Middle East sovereign wealth fund (SWF) client base. The region’s SWFs are growing in, and hiring in, expertise in infrastructure investment. Consequently, the jump from direct equity, where opportunities are limited, to secondary infra fund investment looks more and more certain. By Tom Nelthorpe

  • The low spark of high yield 08 September 2015

    Through the first half of the year net inflows to high-yield bond products severely lagged 2014’s tally, and with spreads widening, crude tumbling and the Fed poised to begin tapering, lower-grade corporate issues are likely to remain under pressure. A prolonged reversal in the making, or just another pronounced pause? By Dave Simon

  • How green is green? 07 September 2015

    Applying ESG principles is laudable but not always practical – until now. New entrant to the market Arabesque is matching outstanding stock performance with deeply researched ESG criteria. By Sean Keating

  • Even Icahns get it wrong 07 September 2015

    ETFs are a liquidity crisis waiting to happen according to Carl Icahn. Did the world’s biggest activist investor have a point or miss the point? By Andrew Maloney

  • Fortune rookies 07 September 2015

    Investors cannot have foreseen all the turmoil that has hit the Chinese market. Many of the problems have been the unnecessary result of government interference, poor policy and poor communication, says Alastair O’Dell

  • Should it stay or should it go? 07 September 2015

    With their domestic market saturated, US equity investors are looking to the European market for margin opportunities. The spectre of Grexit and contagion appeared to do little to curb that appetite. But with no final Greek debt solution in sight, is there still the potential for a slump in investor appetite for eurozone debt and equity while Greece remains in the EU? By Ceri Jones

  • Litigation funding attracts hedge funds 07 September 2015

    Litigation funding is producing the kind of margins hedge funds got when they were at their profit generating peak. But as more funds get into the sector, and new litigation strategies develop, the market is beginning to attract some powerful critics. By Tanzeel Akhtar

  • August

    China Huarong to launch IPO 28 August 2015

    China Huarong Asset Management Co - one of four asset management companies created in 1999 to buy non-performing loans at a discount from state-run banks - is launching a Hong Kong IPO of up to $3bn.

  • TIAA-CREF and Swedish pension funds pool real-estate assets 27 August 2015

    US investment group TIAA-CREF has announced a new €2.2bn ($2.5bn) joint venture with Swedish National Pension Funds AP1 and AP2.

  • K&L Gates poaches Dartley 07 August 2015

    US law firm K&L Gates has appointed Edward Dartley as a partner in its investment management, hedge funds and alternative investments and private equity practices.

  • QIC infrastructure fund reaches first close 07 August 2015

    Queensland Investment Corporation (QIC) has announced the first close of its QIC Global Infrastructure Fund (QGIF) at 50% of target having raised A$1bn ($737m).

  • Gottex' multi-asset growth fund putting on weight 04 August 2015

    Gottex Fund Management's first multi-asset growth fund has put on an additional $4.5 million since launching on June 16 with $50m in seed capital.

  • July

    AP-Fonden 4 water equity RFP out 20 July 2015

    Sweden’s AP-Fonden 4 is seeking proposals for a global equity portfolio

  • Invesco wins Pensions Trust mandate 15 July 2015

    Invesco Perpetual will manage a £101m diversified growth multi-asset mandate for the workplace pensions provider

  • Royal London launches buy and maintain credit fund 03 July 2015

    New fund builds on success of previous buy and maintain client mandates

  • Hermes appoints head of private debt 01 July 2015

    Hermes hires fixed income specialist to establish business in the leveraged loan, private debt and CLO markets

  • June

    Updating economic theory 18 June 2015

    There is a disconnect between economic theory and what is really going on. By Simon Murray, author of - The Three Economies: The Evidence

  • Asset managers at risk from cyber-attacks 17 June 2015

    Asset managers, relatively protected until now, are increasingly at risk from cyber-attacks. Hannah Smithies explores what can be done to guard against new threats

  • Investors focus on activism 17 June 2015

    Activism is increasing rapidly, fuelled by some spectacular successes. Pádraig Floyd considers the merits of minority shareholder-led action for long-term investors

  • Hermes launches Absolute return Credit Fund 16 June 2015

    Fund to be managed by Fraser Lundie, Hermes' co-head of credit, and senior portfolio manager Raphael Muller

  • SWFs turn to infrastructure 16 June 2015

    Sovereign wealth funds are looking to infrastructure for growth, reports Sean Keating

  • Fund managers partner custodians to provide data analytics 16 June 2015

    Asset managers are struggling to provide the analytics demanded by their clients. Ceri Jones considers standalone cloud-based solutions and enhanced custodial offerings

  • Bahrain could provide access to Saudi Arabia 16 June 2015

    Hannah Smithies considers the potential of Bahrain to provide access to Saudi Arabia when its neighbour opens its borders, as Hong Kong does to China

  • TfLPF moves £3.8bn assets to Blackrock 15 June 2015

    Transport for London Pension Fund moves £1.6bn LDI and £2.2bn passive equity portfolios assets to BlackRock

  • Asset management remuneration under pressure 15 June 2015

    Asset management remuneration in the EU is under pressure from multiple sources, from the CDR bonus cap to new Ucits and AIFM restrictions. Paul Golden assesses the fallout

  • Factor-based investing revisited 15 June 2015

    Apparently higher returns are only adequate compensation for increased risk, says Ceri Jones

  • Firms should stop "unnecessary" reporting - LGIM 08 June 2015

    Legal & General Investment Management (LGIM) has called for an end to unnecessary quarterly financial reporting

  • Investor engagement leaves 'room for improvement' 03 June 2015

    More resources dedicated to engagement but managers could still do more, says Investment Association

  • May

    State Street ICI leaps up seven points 28 May 2015

    Steady growth in North America and Asia investor sentiment but Europe falters over Greece fears

  • National Grid to sell pension asset management 19 May 2015

    National Grid UK Pension Scheme to sell Aerion Fund Management, its captive asset management business

  • Managers 'too often' vote with firm management 18 May 2015

    Asset managers too often side with management on controversial votes at company AGMs, says sector watchdog ShareAction

  • FTSE develops Nigeria pension fund index 18 May 2015

    A first of its kind in the region, the index is designed to adhere to Nigeria's National Pension Commission's regulations on investment

  • Tech & customer service strategies paramount 15 May 2015

    Employing technology to improve customer experience is central to firm's staying competitive, but fintech strategies are being pushed down priorities list by ongiong regulatory burden

  • Chinese ETFs lose their appeal says Markit 15 May 2015

    Emerging market funds find favour

  • MSCI announces equity index changes 15 May 2015

    Saudi indexes confirmed standalone from 1 June

  • SS&C GlobeOp Hedge Fund Performance Index slows 15 May 2015

    Gross return for April down 74% from March

  • China equity surge boosts regional hedge funds 15 May 2015

    Asian funds achieve record gains in April

  • Pension funds association cautiously welcomes CMU 15 May 2015

    Capital markets union to assist investors

  • Asset managers outsource data management 13 May 2015

    Asset managers have long outsourced non-core aspects of their businesses. Dave Simons investigates the trend to entrust a third party to manage data across multiple enterprise silos

  • Kuwait ready for recovery 12 May 2015

    Kuwait has been hit by the negative oil-related sentiment affecting the GCC. But regulatory reform and planned IPOs mean it will be ready when confidence returns, finds James Gavin

  • Institutional investors increasingly mandate fiduciary managers 11 May 2015

    Institutional investors are increasingly mandating fiduciary managers, or outsourced CIOs in the US, to take control of their investment strategy. Pádraig Floyd investigates how conflicts of interest can be monitored

  • Chinese capital markets roundtable 08 May 2015

    Shanghai-Hong Kong Stock Connect has provided an exciting new access route to mainland Chinese equities. An expert panel discusses the long-term implications for market access

  • Mark Fawcett, Nest, interview 07 May 2015

    Mark Fawcett, chief investment officer of UK government-backed pension fund Nest, speaks to Hannah Smithies about the challenge of creating effective post-retirement drawdown solutions

  • April

    ISS launches governance risk service for investors 22 April 2015

    Institutional Shareholder Services' new offering will help asset owners to monitor governance risk in managers' portfolios

  • Social media key influence on investor decisions 21 April 2015

    Nearly 80% of institutional investors use social media as part of their regular activities, according to Greenwich Associates

  • L&G wins John Lewis DC pension mandate 20 April 2015

    John Lewis Partnership pension scheme appoints Legal & General as defined contribution partner

  • Investors increasingly prioritising cyber security 17 April 2015

    KPMG survey finds four out of five investors would think twice about investing in a business that has been hacked

  • Tadawul to open to foreigners on June 15 16 April 2015

    Saudi Arabia's Capital Market Authority announces timeline for allowing qualified foreign investors to trade shares listed on the Tadawul

  • European funds enjoy €65bn inflows for February 15 April 2015

    Febraury inflows far outpace €25.7bn for January, according to Lipper

  • Loomis, Sayles & Co wins pension mandate 07 April 2015

    Wiltshire pension fund £200m fixed-income mandate will be allocated between two strategies

  • February

    European funds suffer €1.4bn outflow for December 17 February 2015

    Indicators for January suggest European investors are back in a risk-on mode and will buy back into equity funds

  • Asset managers confident of 2015 revenue growth 17 February 2015

    Asset managers confident of revenue growth over next three years, but have growing concerns about costs and competition from technology sector

  • AXA Wealth adds unit-linked guarantee product 16 February 2015

    Ahead of UK pension reforms, AXA Wealth adds guaranteed retirement income product to forthcoming portfolio service

  • Investment Association proposes costs standards 10 February 2015

    UK trade body publishes paper that outlines practice of good disclosure

  • Outperforming managers tend to offer lower fees 09 February 2015

    Adept managers are most inclined to be competitive on fees says bfinance

  • Investment Association identifies 'primary' share class 04 February 2015

    UK trade association for investment managers plans to simplify comparison of fund data performance

  • January

    Canadian DB pensions return 12% in 2014 29 January 2015

    Despite a volatile fourth quarter Canadian pensions generate positive returns for sixth consecutive quarter

  • ETFs to grow to $5trn by 2020 26 January 2015

    New regulation could help or hinder growth, says PwC

  • Geopolitics keeps business optimism flat 16 January 2015

    Managers cautious at end of year but optimism to grow in 2015 says PwC survey

  • Investors demand regulation-compliant products 07 January 2015

    Managers launching new products see increasing demand for traditional offshore and fully-regulated products

  • KPMG identifies Google as competitor 07 January 2015

    Big data is key to accountancy success, says KPMG