US-based Federated Investors has completed its acquisition of a 60% interest in Hermes Investment Management from the BT Pension Scheme (BTPS).
With UK-based Hermes running $47bn (£34bn) across a range of strategies and Federated managing $390bn in the US, the deal has created a global fund house responsible for around $440bn. Hermes also represents...
Aviva has pledged to have net-zero carbon emissions across all of its investments by 2040.
The Financial Conduct Authority (FCA) was made aware of concerns about Neil Woodford's investment strategy at his fund management business back in 2015, but did not act until nearly two years later, according to reports.
Trustees must understand their starting position on ESG integration in order to set meaningful targets, says Lucy Tusa.
PGIM Investments has expanded its ESG offering with the launch of a total return UCITS bond fund.
Professional Pensions rounds up some of the latest tender awards from across the industry.