Descrizione Dei Fornitori Analizzati Per Ciascun Tipo Di Strumento in Base All

Total Page:16

File Type:pdf, Size:1020Kb

Descrizione Dei Fornitori Analizzati Per Ciascun Tipo Di Strumento in Base All Descrizione dei fornitori analizzati per ciascun tipo di strumento in base all’ambito del servizio di consulenza in materia di investimenti (distinti per Investment Advisor, Management Company e AIFM) – aggiornamento a Marzo 2021: - Investment Advisor - Management Company Aberdeen Asset Investments Ltd 10ak Capital Ltd Aberdeen Asset Managers Ltd 3 Banken-Generali Investment GmbH/Austria Aberdeen Investment Solutions 8a+ Investimenti SGR SpA/Italy Aberdeen Standard Investments Aberdeen Asset Fund Management Ltd ABN AMRO Investment Solutions Aberdeen Asset Managers Ltd Absalon Capital Fondsmaeglerse Aberdeen Standard Investments Hong Kong Ltd AcomeA SGR SpA Aberdeen Standard Investments Luxembourg SA ADG Capital Management LLP ABN AMRO Investment Solutions SA Advent Capital Management LLC AcomeA SGR SpA Aegon Asset Management UK PLC Aegon Asset Management Ltd AEGON Investment Management BV Aegon Asset Management UK PLC Affirmative Investment Management AEGON Investment Management BV Agenda Invest Ltd AFFM SA Albemarle Asset Management Ltd AG2R La Mondiale Gestion d'Actifs SA Albion Finance SA Albemarle Asset Management Ltd Alceda Fund Management SA Algebris Investments Ireland Ltd Alcentra NY LLC Algebris UK Ltd Alfred Berg Kapitalforvaltning Alkimis SGR SpA Algebris UK Ltd AllianceBernstein Luxembourg SARL Alken Asset Management Ltd Allianz Global Investors GmbH Alkimis SGR SpA Allianz Invest Kapitalanlage GmbH Allen & Overy Luxembourg Alma Capital Investment Management SA AllianceBernstein LP Alpi Fondi SGR SpA AllianceBernstein Luxembourg Amadeus Capital Vision PLC Allianz Global Investors Amber Capital Italia SGR SpA Allianz Global Investors GmbH Ampega Investment GmbH Alpha Investor Services Management Amundi Asset Management SAS Alpha UCITS SICAV Amundi Deutschland GmbH Alphasimplex Group LLC Amundi Funds SICAV Alpi Fondi SGR SpA Amundi Investment Solutions SA American Century Investment Management Amundi Ireland Ltd AMP Capital Investors Ltd Amundi Luxembourg SA Amundi Asset Management SAS Amundi Pioneer Asset Management Inc Amundi Hong Kong Ltd Anima SGR SpA Amundi Investment Solutions SA Aquila Capital Investmentgesellschaft mbH Amundi Ireland Ltd Arca Fondi SGR SpA Amundi Luxembourg SA Ardevora Asset Management LLP Amundi Pioneer Asset Management Artemis Fund Managers Ltd Amundi SA Artisan Partners LP Amundi Societa Di Gestione Del Risparmio Ashmore Investment Management Ireland Ltd An Zhong AZ Investment Management Aspect Capital Ltd Angel Japan Asset Management Aviva Investors Anima Asset Management Ltd Aviva Investors France SA Anima SGR SpA Aviva Investors Global Services Ltd Anthilia Capital Partners SGR Aviva Investors Luxembourg SA AQR Capital Management LLC Aviva Investors UK Fund Services Ltd Arca Fondi SGR SpA AXA Fixed Interest Investment ICVC/United Kingdom Arca SGR SpA AXA Funds Management SA Arctic Blue Capital Ltd AXA Investment Managers Paris SA Ardevora Asset Management LLP AXA Investment Managers UK Ltd Arendt & Medernach AXA Rosenberg Management Ireland Ltd ARK Investment Management LLC AZ Swiss & Partners SA Artemis Investment Management Azimut Capital Management SGR SpA Artisan Partners LP Azimut Investments SA ARX Investimentos Ltda Baillie Gifford & Co Ashmore Investment Management Baillie Gifford Investment Management Europe Ltd Aspect Capital Ltd Baillie Gifford Worldwide Funds PLC Assenagon Asset Management SA Banca Profilo SpA Ausbil Investment Management L Bantleon AG Aviva Investors Global Service Baring Fund Managers Ltd Aviva Investors UK Fund Service Barings International Fund Managers Ireland Ltd AXA Investment Managers Inc BayernInvest Kapitalanlagegesellschaft mbH AXA Investment Managers Paris BCC Risparmio&Previdenza SGR SpA AXA Investment Managers UK Ltd BDL Capital Management SAS AXA Rosenberg Investment Management Belfius Investment Partners SA AZ Swiss & Partners SA Belgrave Capital Management Ltd Azimut Capital Management SGR BFT Investment Managers SA Azimut Portfoy AS BG Fund Management Luxembourg SA Baillie Gifford & Co Ltd BlackRock Advisors UK Ltd Baillie Gifford Investment Management BlackRock Asset Management Deutschland AG Baillie Gifford Overseas Ltd BlackRock Asset Management Ireland Ltd Banca Finnat Euramerica SpA BlackRock Asset Management UK Ltd Banca Profilo SpA BlackRock Fund Advisors Bank J Safra Sarasin AG BlackRock Investment Management LLC Banor Capital Ltd BlackRock Investment Management UK Ltd Banque Pictet & Cie SA BlackRock Luxembourg SA Bantleon AG BlackRock Netherlands BV Barings Asset Management Ltd BLI - Banque de Luxembourg Investments SA Bastions Partners Office SA BlueBay Asset Management LLP BCC Risparmio&Previdenza SGR SpA BlueBay Funds Management Co SA BDL Capital Management BMO Asset Management Ltd BEA Union Investment Management BMO Investments II Ireland PLC Belgrave Capital Management Lt BNP Paribas Asset Management France Bernheim Dreyfus & Co SAS BNP Paribas Asset Management Luxembourg SA Bestinver Gestion SGIIC SA BNP Paribas SA BG Fund Management Luxembourg BNP Paribas Securities Services SCA BI Asset Management Fondsmaegl BNY Mellon Absolute Insight Funds Inc BlackRock Advisors UK Ltd BNY Mellon Fund Management Luxembourg SA BlackRock Asset Management BNY Mellon Fund Managers Ltd BlackRock Financial Management Boston Partners Global Investors Inc BlackRock Fund Advisors Boussard & Gavaudan Asset Management LP Blackrock Global Funds Brandes Investment Partners Europe Ltd BlackRock Investment Management Brookfield Public Securities Group LLC BlackRock Luxembourg SA Brown Advisory Funds plc BlackRock Netherlands BV Brown Advisory LLC BLI - Banque de Luxembourg Inv Butler Investment Managers Ltd BlueBay Asset Management LLP CA Indosuez Wealth Asset Management BMO Asset Management Ltd CACEIS Fund Administration SA BN Securities AB CAIAC Fund Management AG BNP Paribas Asset Management Caixabank Asset Management Luxembourg SA BNP Paribas Securities Service Calamos Advisors LLC BNY Mellon Investment Management Calamos Advisors LLC/Hedge Funds BNY Mellon Investment Services Candriam Belgium SA Boston Partners Global Investor Candriam France SAS Boussard & Gavaudan Gestion SA Candriam Luxembourg Brandes Investment Partners Eu Cane Creek Water & Sewer District Brevan Howard Investment Capital Four Invest - European Loan & Bond Fund Brookfield Public Securities G Capital International Management Co Sarl Brown Advisory LLC Capital Strategy Funds Sicav plc Burren Capital Advisors Ltd Carmignac Gestion Luxembourg CA Indosuez Wealth Asset Management Carmignac Gestion SA CAAM Carne Global Fund Managers Ireland Ltd CACEIS Bank SA Carne Global Fund Managers Luxembourg SA CaixaBank Asset Management SGI Casa4Funds SA Calamos Advisors LLC Catella Fondfoervaltning AB Candriam Belgium SA Cbre Clarion Securities Pty Ltd Candriam France SAS Charities Investment Managers Ltd Candriam Luxembourg/NL Cheyne Capital International LP Capital Advisory Partners Ltd Cheyne Capital Management UK LLP Capital International Inc CIFC Asset Management LLC Capital Research and Management City of London Investment Management Co Ltd Carmignac Gestion Luxembourg Cohen & Steers Ireland Ltd Carmignac Gestion SA Colchester Global Investors Ltd Carthesio SA Comgest Asset Management International Ltd Catella Fondfoervaltning AB Consultinvest Asset Management SGR SpA Catella Kapitalforvaltning AB Controlfida Management Co Ltd CB Asset Management AB Correl Invest Central Bank CPR Asset Management SA Cheyne Capital International L Credit Mutuel Asset Management Cheyne Capital Management UK L Credit Suisse Asset Management Investments Ltd China Asset Management Hong Kong Credit Suisse Custom Markets SICAV China Post Global UK Ltd Credit Suisse Fund Management SA Citigroup Global Markets Ltd Credit Suisse Fund Services Luxembourg SA City of London Investment Management Credit Suisse Funds AG ClariVest Asset Management LLC Credit Suisse Gestion SGIIC SA Cohen & Steers UK Ltd Crestbridge Management Co SA Colchester Global Investors Lt Custom Markets plc Columbia Management Investment Danske Invest Management A/S Comgest Asset Management International Davy Global Fund Management Ltd Compass Asset Management SA Davy Global Fund Management Luxembourg SA Compass Group LLC DB ETC plc Consultinvest Asset Management DCI Umbrella Fund PLC Controlfida Suisse Sa Degroof Petercam Asset Management SA Cowen Investment Advisors LLC Degroof Petercam Asset Services SA CPR Asset Management SA Deka International SA Crabel Capital Management LLC Deka Investment GmbH Credem International Lux SA Deutsche Bank AG Credit Suisse AG Deutsche Boerse Commodities GmbH Credit Suisse Asset Management Deutsche International Corporate Services Ltd Credit Suisse Fund Services Dimensional Fund Advisors Ltd Credit Suisse Funds AG DNB Asset Management SA Credit Suisse International Dnca Finance Luxembourg SA Credit Suisse Investment Partn DNCA Finance SCS Crescent Capital Group LP Dodge & Cox Worldwide Funds plc CSOP Asset Management Ltd Dorval Asset Management SA Dalton Strategic Partnership L Doubleline Capital LP Danske Bank A/S Duff & Phelps Investment Management Co DB ETC Index PLC DWS Invest SICAV DCI LLC DWS Investment GmbH De Pury Pictet Turrettini & CI DWS Investment SA Decalia Asset Management SA Dynasty AM SA Degroof Petercam Asset Management East Capital Asset Management SA Degroof Petercam Asset Service Eastspring Investments Luxembourg SA Delff Management Ltd Eaton Vance Advisers Ireland Ltd Deloitte & Touche SpA Eaton Vance Management Deloitte Bedrijfsrevisoren SCI Edmond de Rothschild Asset Management France
Recommended publications
  • EUROHEDGE MEETS… PHILIPPE JABRE by WILL WAINEWRIGHT Capital Opportunities,” Says Jabre
    12 COVER FEATURE JABRE CAPITAL PARTNERS EUROHEDGE MEETS… PHILIPPE JABRE BY WILL WAINEWRIGHT capital opportunities,” says Jabre. “We are taking a long-term view, looking The founder of Jabre Capital Partners reveals a new bet on forward to bringing a seasoned ap- blockchain and gives his thoughts on the industry return of proach to investing in this relatively new field.” former recruit Greg Coffey Jabre is far from the only hedge fund veteran eyeing the impact of the new am midway through my alert for the next big trade, the Fran- technology. Brevan Howard co-found- interview with Philippe co-Lebanese manager has set his gaze er Alan Howard has made personal I Jabre when one of his in- firmly on blockchain technology and investments in cryptocurrencies and vestment staff knocks ur- its potential to disrupt established in- related businesses, while Adam Fish- gently on the door. An investment has dustries. er, a macro manager at Soros Fund hit the target share price set by Jabre “Blockchain is quite revolutionary,” Management, has internal approval to and the employee asks for advice. Ja- he says. “The market cap of all these make cryptocurrency trades, according bre – or “PJ” as he is known in the office tokens three years ago was around to Bloomberg. – flicks from interview to trading mode $5bn. It reached a high of $800bn ear- US manager Morgan Creek Capital in an instant and gives instructions. lier this year, which was extraordinary. Management bought Full Tilt, a North The moment is a brief insight into That said, I don’t think the value of the Carolina-based firm seeding crypto- Jabre’s passion for markets, which tokens is important – more the tech- currency businesses, earlier this year.
    [Show full text]
  • China's 2020 Vision for Global Fund Managers
    Markets and Securities Services | China’s 2020 vision for global fund managers 1 CHINA’S 2020 VISION FOR GLOBAL FUND MANAGERS Around 25 years ago, the authorities in China began to develop their capital markets ambitions. Stock exchanges were opened in Shanghai and Shenzhen. Members of the general public were allowed to buy stocks and shares on the market, albeit their choices at the time were limited to mainly (former) State-Owned Enterprises (SOEs). Talks also began for allowing the creation of mutual funds and the setting-up of fund management companies. Few would have believed, at the time, that by In July 2019, it was announced that the date for 2019 China’s stock markets in aggregate would 100% foreign ownership of fund management become one of the top-three largest in the companies would be brought forward to world by size and the largest by trading volume. sometime in 2020, and in October 2019 it was The aggregate scale of the assets managed in confirmed this would apply from April 2020. mutual funds, wealth management products and These announcements confirmed that non- other schemes made available to citizens now Chinese firms could own 100% of a Mainland exceeds approximately USD20 trillion. Chinese fund management company, allowing unrestricted access to offer investment services There’s a fantastic success story to be told. Yet and products to the retail market. for the most part, many of the top prizes to date have been reserved for domestic businesses in During the last three years, Chinese regulators China. Foreign firms, i.e.
    [Show full text]
  • An Open Letter from LGIM and Other Global Investors to the Oil and Gas Industry Oil and Gas Groups Must Do More to Support Climate Accord
    2018 An open letter from LGIM and other global investors to the oil and gas industry Oil and gas groups must do more to support climate accord. For the Paris climate agreement to succeed, the oil and gas industry must be more transparent and take responsibility for all its emissions. Over the next few weeks some of the world’s largest oil and gas companies will hold their annual shareholder meetings. How these companies are positioning themselves for a low-carbon future will be an important topic for discussion. As long-term investors, representing more than $10.4tn in Regardless of the result at the Shell AGM, we strongly assets, the case for action on climate change is clear. We encourage all companies in this sector to clarify how they are keenly aware of the importance of moving to a low- see their future in a low-carbon world. This should involve carbon future for the sustainability of the global economy making concrete commitments to substantially reduce and prosperity of our clients. Additionally, regulation to carbon emissions, assessing the impact of emissions keep global warming below 2C and in line with the Paris from the use of their products and explaining how the agreement will create additional costs for carbon-intensive investments they make are compatible with a pathway industries and risk stranding assets. towards the Paris goal. The Carbon Disclosure Project estimates that the oil and gas Investors also urge policymakers to take clearer and industry and its products account for 50 per cent of global more collective action on implementing regulation that carbon emissions.
    [Show full text]
  • IMAS Directory 2015 212Pp R6.Indd
    Members 2015 Directory THE INVESTMENT MANAGEMENT ASSOCIATION OF SINGAPORE Members Directory 2015 Contents Aberdeen Asset Management Asia Limited 7 Acadian Asset Management (S) Pte Ltd 9 Aditya Birla Sun Life Asset Management Company Pte. Ltd 10 Aegis Portfolio Managers Pte Ltd 12 AGF Asset Management Asia Ltd 14 AIA Singapore Private Limited 16 AllianceBernstein (Singapore) Ltd 17 Allianz Global Investors Singapore Limited 19 Alpha Investment Partners Limited 21 Amansa Capital Pte Ltd 23 Amundi Singapore Limited 25 APS Asset Management Pte Ltd 27 Aquarius Investment Advisors Pte Ltd 29 Aris PrimePartners Asset Management Pte Ltd 30 Arisaig Partners (Asia) Pte Ltd 32 Ashmore Investment Management (Singapore) 34 Atlas Asset Management Pte. Ltd. 36 Aviva Investors Asia Pte Limited 38 AXA Investment Managers Asia (Singapore) Ltd 39 Baker & McKenzie.Wong & Leow 40 BlackRock (Singapore) Limited 42 BNP Paribas Investment Partners Singapore Limited 44 BNY Mellon Investment Management Singapore Pte Limited 46 Brandes Investment Partners (Asia) Pte Ltd 48 Capital Group 49 CFA Singapore 51 Chan & Goh LLP 53 Chartered Asset Management Pte Ltd 55 CIMB-Principal Asset Management (S) Pte Ltd 57 Citicorp Trustee (Singapore) Limited 59 City of London Investment Management (Singapore) Pte Ltd 61 Clifford Chance Pte Ltd 62 Daiwa Asset Management (Singapore) Ltd. 64 Daiwa SB Investments (Singapore) Ltd. 65 Deutsche Asset Management (Asia) Limited 66 Duxton Asset Management Pte Ltd 68 Eastspring Investments (Singapore) Limited 70 Ernst & Young 72 FIL Investment
    [Show full text]
  • Parker Review
    Ethnic Diversity Enriching Business Leadership An update report from The Parker Review Sir John Parker The Parker Review Committee 5 February 2020 Principal Sponsor Members of the Steering Committee Chair: Sir John Parker GBE, FREng Co-Chair: David Tyler Contents Members: Dr Doyin Atewologun Sanjay Bhandari Helen Mahy CBE Foreword by Sir John Parker 2 Sir Kenneth Olisa OBE Foreword by the Secretary of State 6 Trevor Phillips OBE Message from EY 8 Tom Shropshire Vision and Mission Statement 10 Yvonne Thompson CBE Professor Susan Vinnicombe CBE Current Profile of FTSE 350 Boards 14 Matthew Percival FRC/Cranfield Research on Ethnic Diversity Reporting 36 Arun Batra OBE Parker Review Recommendations 58 Bilal Raja Kirstie Wright Company Success Stories 62 Closing Word from Sir Jon Thompson 65 Observers Biographies 66 Sanu de Lima, Itiola Durojaiye, Katie Leinweber Appendix — The Directors’ Resource Toolkit 72 Department for Business, Energy & Industrial Strategy Thanks to our contributors during the year and to this report Oliver Cover Alex Diggins Neil Golborne Orla Pettigrew Sonam Patel Zaheer Ahmad MBE Rachel Sadka Simon Feeke Key advisors and contributors to this report: Simon Manterfield Dr Manjari Prashar Dr Fatima Tresh Latika Shah ® At the heart of our success lies the performance 2. Recognising the changes and growing talent of our many great companies, many of them listed pool of ethnically diverse candidates in our in the FTSE 100 and FTSE 250. There is no doubt home and overseas markets which will influence that one reason we have been able to punch recruitment patterns for years to come above our weight as a medium-sized country is the talent and inventiveness of our business leaders Whilst we have made great strides in bringing and our skilled people.
    [Show full text]
  • Global Responsible Investment and Stewardship Policy and Principles
    Global Responsible Investment and Stewardship Policy and Principles A 1.0 Introduction 1.1 Our purpose and beliefs As a firm, we hold the following beliefs on Environmental, Social and Governance (ESG) issues: First Sentier Investors (FSI, known as First – ESG issues are sources of long-term risk and return therefore State Investments outside of Australia) is a considering ESG issues leads to better analyses and global fund manager with experience across investment decisions. a range of asset classes and specialist – The execution of ownership rights can increase performance investment sectors. We are stewards of and lower risk over time, assets with well-managed ESG assets managed on behalf of institutional factors will produce higher risk-adjusted returns over the long term. investors, pension funds, wholesale – Integrating ESG in all mandates enhances the quality of our distributors, investment platforms, financial investment processes as ESG issues, when poorly managed, advisers and their clients worldwide. will create long-term material impacts for society and the environment. Our purpose is to deliver sustainable investment success for the benefit of our clients, employees, society and our Sustainability in investing is broader than only considering ESG shareholder and our vision is to be a provider of world-leading factors. This document sets out the group-wide requirements investment expertise and client solutions, led by our that all of our investment professionals are expected to meet responsible investment principles and based on our core and recognises that responsible investment practices continue values: Care, Openness, Collaboration and Dedication. to evolve and that appropriate approaches to responsible investment and stewardship will differ between asset classes, We recognise that as allocators of capital, stewards of our industries, and individual investments.
    [Show full text]
  • Equity Research
    Equity Research INDIA February 5, 2021 BSE Sensex: 50614 UTI Asset Management Company BUY ICICI Securities Limited is the author and Valuations trailing business recovery distributor of this report Rs563 UTI Asset Management Company’s (UTI AMC) predecessor Unit Trust of India (UTI) is a pioneer and one of the oldest brands in India’s mutual fund industry Initiating coverage with a heritage of >55 years. Currently, with a 5.6% share of total AUM in India in 9MFY21, it ranks eighth in the mutual fund industry. UTI AMC has lost equity AUM Financial Services market share from 8.7% in FY15 to 4.6% in 9MFY21 and its debt AUM market share from 7.7% to 4% in the same timeframe. This has resulted in its AAUM Target price Rs700 remaining stagnant at ~Rs1.5-1.6trn as at Dec’20, but overall revenue yield declining from 57bps in FY18 to 47bps in FY20. However, UTI AMC has chartered a business recovery on the basis of cost control and increased distribution tieups Shareholding pattern (which includes CitiBank, State Bank, ICICI Bank, HDFC Bank etc). We believe Sep Dec that this should help UTI to charter 7.4% EBITDA CAGR over FY20-23E with 13% '20 '20 Promoters 0.0 0.0 RoE. Institutional Recommend BUY with a target price of Rs700 based on 25x core FY23E EPS investors 68.2 89.1 MFs and others 7.9 13.7 of Rs18 and add cash and investments of Rs255/share. UTI valuation discount Banks / FIs 35.2 35.3 to peers (currently trading at 26x FY20 EPS compared to 51/49 for HDFC Insurance 10.0 10.0 AMC/Nippon AMC) is driven by history of market share loss and higher cost FIIs 15.1 30.1 Others 31.8 10.9 structure.
    [Show full text]
  • Modif 1 Au Pro Mars 2021 EN
    dated April 22, 2021 to the Simplified Prospectus dated March 31, 2021 RESPECTING THE UNITS OF THE FOLLOWING FUNDS: INCOME FUNDS Desjardins Short-Term Income Fund1 Desjardins Canadian Bond Fund1 GLOBAL AND INTERNATIONAL EQUITY FUNDS Desjardins Global Dividend Fund2 1 A-, I-, C-, F- and D-Class Units 2 A-, T-, I-, C-, R-, F-, S-, D- and W-Class Units (the “Funds”) AMENDMENT NO. 1 DATED APRIL 22, 2021 TO THE SIMPLIFIED PROSPECTUS DATED MARCH 31, 2021 The Simplified Prospectus dated March 31, 2021 is hereby amended in respect of the Funds as indicated below. All of the defined terms have the meaning given in the Simplified Prospectus unless they are specifically defined in this Amendment No. 1. GENERAL SUMMARY OF AMENDMENT The amendment described in this document reflects the following changes made to the Funds. 1. Changes of Portfolios Sub-Managers On or about May 25, 2021, the Manager will replace the portfolio sub-manager of the Desjardins Global Dividend Fund, Epoch Investment Partners, Inc., by Mondrian Investment Partners Limited. 2. Change to Investment Strategies On or about May 25, 2021, the Manager will amend the investment strategies of the Desjardins Global Dividend Fund in order to reflect the investment philosophy of the new sub-manager. 3. Creation of W-Class Units for the Desjardins Short-Term Income Fund and the Desjardins Canadian Bond Fund The Manager intends to implement the above change on or about May 10, 2021. The Manager reserves the right to delay implementing all or part of the changes described in this Amendment or to refrain from implementing these changes at all.
    [Show full text]
  • Hotels – the New Asset Stars They Are Popular All Over the World Since Tourism and Properties Are Booming
    No. 1 | 2017 places spaces The Real Estate Magazine of Union Investment Secondary Cities Where investors see opportunities in the US office market Digitalisation How PropTechs and the real estate industry are getting together Portfolio strategy What property professionals expect from the extended market cycle Hotels – the new asset stars They are popular all over the world since tourism and properties are booming. The hotel concepts that hold the greatest promise places spaces No. 2 | 2016 The Real Estate Magazine of Union Investment No. 1 | 2016 Risk management Real estate funds respond to the glut of liquidity Office worlds spaces New spaces for creative thinkers places Mexico CONTENTS The Real Estate Magazine of Union Investment An attractive place for investors Observe Why real estate experts aren’t expecting a market downturn yet Evaluate Why investors in Poland COVER STORY are interested in more than just Warsaw Meet How hotels surprise their guests with new worlds 4 Hotel properties Hotels are the new asset stars. Investors are of experience also discovering the creative niches 11 Interview Andreas Löcher, Head of Investment Management Dynamic Structures Digitalisation is changing how spaces are used Hospitality at Union Investment Real Estate GmbH, on hotel Investors view innovative retail as a good opportunity investments in the United States Urban Universe Investors are also fascinated by buildings that combine many urban uses under one roof PORTFOLIO 12 Indexes The indicators and key data that enhance real estate Dear readers,
    [Show full text]
  • Finn-Ancial Times Finncap Financials & Insurance Quarterly Sector Note
    finn-ancial Times finnCap Financials & Insurance quarterly sector note Q3 2020 | Issue 9 Highlights this quarter: Elevated uncertainty and volatility have been hallmarks of the last 18 months, with Brexit, the UK General Election and more recently COVID-19 all contributing to the challenges that face investors wishing to carve out solid and stable returns amid these ‘unprecedented’ times. With this is mind, and simulating finnCap’s proven Slide Rule methodology, we found the highest quality and lowest value stocks across the financials space, assessing how the make-up of these lists changed over the period January 2019 to July 2020, tracking indexed share price performance over the period as well as movements in P/E and EV/EBIT valuations. The top quartile list of Quality companies outperformed both the Value list and the FTSE All Share by rising +2.5% over the period versus -5.4% for the All Share and -14.3% for Value stocks. Furthermore, the Quality list had protection on the downside in the market crash between February and March 2020, and accelerated faster amid the market rally between late March and July 2020. From high to low (January to March), Quality moved -36.3% against the Value list at -45.5%, while a move off the lows to July was +37.4% for Quality and +34.0% for Value. There was some crossover between the Quality and Value lists, with 7 companies of the top quartile (16 companies in total) appearing in both the Quality and Value lists. This meant that a) investors could capture what we call ‘Quality at Value’ (i.e.
    [Show full text]
  • China's Asset Management Companies As State Spatial
    This is the version of the article accepted for publication in China Quarterly published by Cambridge University Press: DOI: https://doi.org/10.1017/S0305741019000018 Accepted version downloaded from SOAS Research Online: http://eprints.soas.ac.uk/25921 China’s Asset Management Companies as State Spatial–Temporal Strategy Sarah Ho1 2 Thomas Marois Abstract Chinese authorities created four new asset management companies (AMCs) in 1999, which have since undergone profound transformations that have been influential in China’s contemporary integration into the world market. Conventional interpretations see these powerful AMCs in largely technical and asocial terms. By contrast, we employ a critical geographical analytical framework to understand the transformation of the AMCs as an expression of state spatial–temporal strategy, which involved attempts to create conditions of political economic stability now by displacing the conditions of financial instability and crisis into the future. This strategy does not come without unintended and destabilizing consequences, nor is it without class-based social and political implications. 中国政府在 1999 年设立了四家资产管理公司,它们经历了重大变化,并对中国近年融入国际 市场的过程影响深重。对这些庞大的资产管理公司的解读,一般都从技术性及非社会性的层面 出发。相比之下,我们利用批判性的地理分析框架,把资产管理公司经历的变革理解为国家时 空管理策略的表现。该策略企图把现存的金融不稳定及危机推延至未来,以制造现时的政治经 济稳定。这策略的执行不仅藏有未遇见和不稳定的后果,亦为社会和政治上的阶级斗争带来启 示。 Keywords China, Finance, Asset Management Company, Political Economy, Spatial Strategy, Development, Transformation, Institutions 中国,金融,资产管理公司,政治经济,空间策略,发展,转型,机构 Sarah Ho is a qualified solicitor in Hong Kong and has completed her MSc Development Studies at SOAS University of London. Thomas Marois is a Senior Lecturer of Development Studies, SOAS University of London. He is author of the 2012 book, States, Banks and Crisis: Emerging Finance Capitalism in Mexico and Turkey (Edward Elgar). 1 The financial transformations experienced by the big emerging capitalisms like Brazil, Mexico, Turkey, India, South Africa, and China have been subject to increased study in their own right.
    [Show full text]
  • Tail Risk Hedging, Anyone? 36 South Capital Advisors Acorn Derivatives Management Corp
    February 2012 Newsletter Event Details The goal of the Global Volatility Summit (“GVS”) is to educate investors Date. March 6, 2012 about investing in volatility. With the approach of the third annual GVS, we felt it was appropriate to launch a newsletter continuing this mission. Details. A one day summit to educate Leading up to GVS, we have asked industry experts to discuss their thoughts investors on the universe of volatility funds and opinions on the volatility universe. This past year we have seen an and tail hedging managers and discuss the uptick in interest in various strategies available in the volatility space, market environment. namely in relative value and tail risk, and we are keen to ensure investors are kept abreast of the most recent developments in all relevant strategies. Location. Skylight Studio in Soho in New York We believe there is a volatility strategy that can be a suitable component of City. every investor's portfolio. That said, a concerted effort from the volatility community is required to continue to educate investors so they are aware Event Update of the pitfalls and benefits of various strategies available to them. Keynote speakers. We are excited to report We asked Sandy Rattray and Campbell R. Harvey from Man Group to share that General Stanley McChrystal and The their outlook for tail hedging in 2012. Honorable Rahm Emanuel (Mayor of Chicago) will be speaking at the event. Cheers, Global Volatility Summit Managers. The following managers will be speaking at the event. Tail risk hedging, anyone? 36 South Capital Advisors Acorn Derivatives Management Corp.
    [Show full text]