News

Aviva Investors buys stake in two Scottish wind farms

Aviva Investors has acquired a 49% interest in a portfolio of UK onshore wind farms from Norwegian developer and operator of renewable energies Fred. Olsen Renewables for a total cash consideration of £117.3m ($160.7m).

NN Group and BNG Bank unlock €300m for social real estate investments

Funding for sustainable improvements to schools, town halls and other public buildings

Axa calculates climate risk for asset portfolio

Value-at-risk analysis shows corporate bonds more resilient than equities

Pimco to securitise £5bn of UKAR mortgages

Pimco and Barclays to securitise recent mortgage purchase to take advantage of investor demand

Allianz lends €300m for Apple store acquisition

German insurer Allianz has provided €300m ($362m) to German pension fund Bayerische Versorgung-skammer (BVK) to support the acquisition of a retail asset in Paris, sold by EPI, a French independent investment group.

L&G launches affordable housing provider

Insurance CIOs increase non-traditional allocations

Chief investment officers of several insurers have increased allocation to non-traditional and non-investment grade assets, according to investment firm KKR.

PRA threatens section 166 investigations for excessive matching adjustment applications

Pimco to buy £5bn of collapsed bank mortgages

Pimco, the largest bond fund manager in the world, is to buy £5bn ($5.7bn) of mortgages from collapsed British banks, Northern Rock and Bradford & Bingley, according to Sky News.

Blackrock, JPMorgan AM and Schroders into second round for Scottish Widows £109bn mandate

BlackRock, JPMorgan Asset Management and Schroders have been invited into a second round of bidding for Scottish Widows' £109bn ($152bn) investment mandate, according to the FT.