News

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.

PIC invests £60m in south London social housing

UK insurer of defined benefit pension funds Pension Insurance Corporation (PIC) has completed a £60m ($83.6m) debt investment with south London-based housing association Phoenix Community Housing.

Solvency II key for insurance-focused asset managers, says Cerulli

Solvency II-relevant investment work remains high on the list of considerations for asset managers, according to a survey of 41 insurers and asset managers by consultancy Cerulli Associates.

M&G buys £50m UK office and industrial assets

M&G Real Estate has bought two UK office buildings and an industrial portfolio, its first acquisitions on behalf of the M&G UK Enhanced Value Fund launched in February.

Somerset Re appoints Braverman as CIO

Axa IMRA continues Finnish expansion with residential purchase

MetLife hits record $11.2bn private debt origination in 2017

Folksam invests $400m in EIB green bonds

Swedish insurer Folksam is investing SKr3bn ($400m) in green bonds issued by the European Investment Bank, its biggest acquisition of green bonds to date.