News

Asset management taskforce 'key for UK's future'

A taskforce of asset managers seeking clarity on a post-Brexit deal represents a huge step for the UK's future as an investment management centre, according to the chief executive (CEO) of trade body the Investment Association, Chris Cummings.

UK insurers stick by anti-cyclical buying of credit as appetite grows, Bank of England finds

Research shows greater anti-cyclicality by underwriters than any other institution

Aberdeen Standard Investments launches impact fund

Aberdeen Standard Investments has launched its first impact investment-focused fund. The fund is also its first since it was created through the merger of Standard Life Investments and Aberdeen Asset management.

Aviva Investors acquires £30m office development in Bristol

Aviva Investors has acquired the first phase of Abstract Securities' redevelopment of Bristol Business Park for £30.06m ($39.62m) via its Lime Property Fund.

Travelers' private equity portfolio eases decline in fixed income returns

US insurance group Travelers' investment returns during the third quarter helped ease the pain inflicted by a busy hurricane season in the US, which saw hurricanes Harvey, Irma and Maria bring the group's pre-tax income down by 59% compared to the same period last year.

PRA to require semi-annual reporting of market risk sensitivity

Regulator warns new risks may need analysis as underwriters broaden investments

L&G finances £35m redevelopment of Headingley Stadium

Legal & General (L&G) has agreed to finance the £35m ($46m) redevelopment of Headingley Stadium in partnership with Leeds City Council.

German regulator warns on stress test practices for fund investments

Credit risk consultancy appoints head of insurance

Ramesh Indran joins 4most from Deloitte

Axa IM appoints Italy CIO and expands UK care home portfolio

Axa Investment Managers (Axa IM) has appointed Alessandro Tentori from Citigroup in London to the newly created role of chief investment officer for its Italian business.