#Investment Funds

ESMA to examine funds’ valuation practices

Amid heightened market uncertainty, European securities regulators are launching a review of valuation practices in the asset management industry. The European Securities and Markets Authority (ESMA) announced that, along with the region’s local regulators, it’s undertaking a compliance review to examine adherence to valuation requirements among traditional and alternative investment funds, particularly their approach to valuing illiquid assets.
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WV Bill Bans Using Banks, Investment Cos that Divest Fossil Fuels

Earlier this week West Virginia State Treasurer Riley Moore announced the WV Board of Treasury Investments, which manages the state’s roughly $8 billion operating funds, will no longer use BlackRock Inc. investment funds as part of its banking transactions (see Hooray! WV Fights Back, State Drops Investments with BlackRock Fund). WV is divesting from the divestors. But it’s not stopping there with just the Board of Treasury Investments. A new WV Senate bill is now circulating (gaining rapid support) that requires the entire state, all of the various state agencies and governmental departments, to follow suit and stop doing business with any bank or investment firm that refuses to support coal, oil, and natural gas companies.
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The Bankers Investment Trust PLC (LON:BNKR) Plans GBX 0.55 Dividend

LON BNKR traded down GBX 0.40 ($0.01) on Wednesday, hitting GBX 118.60 ($1.62). The stock had a trading volume of 1,263,350 shares, compared to its average volume of 1,360,034. The business has a fifty day moving average of GBX 121.07. The company has a debt-to-equity ratio of 4.33, a quick ratio of 9.67 and a current ratio of 9.67. The Bankers Investment Trust has a 52-week low of GBX 104 ($1.42) and a 52-week high of GBX 150.60 ($2.05). The company has a market capitalization of £1.56 billion and a PE ratio of 4.61.
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Will Digital Asset Securities Become Mainstream Institutional Investments?

All securities could go digital over the next five to 10 years — creating opportunities and challenges. That’s one finding from a new report from Arca Asset Management. Although Arca, a firm that specializes in investing in digital assets, clearly has an interest in a world of virtual securities, its report was based on a July 2021 survey that compiled responses from over 100 financial service professionals, including those who work at buy-side firms, banks, brokerages, exchanges, and market infrastructure and technology firms. Arca’s survey was designed to gauge sentiment surrounding the adoption of digital asset securities.

Advisors overestimate their RI knowledge

The spectre of greenwashing and a lack of ESG standards may be the two biggest deterrents for many financial advisors when it comes to initiating responsible investment-related conversations with clients. However, advisors may also overestimate of their responsible investment knowledge, a new survey suggests. According to the Responsible Investment Association’s...

EU markets watchdog reviews valuation risks at investment funds

LONDON (Reuters) - The European Union's securities watchdog said on Thursday it was reviewing how mutual funds and alternative investment funds assess the valuations of less liquid assets. "The current economic conditions underline the importance of assessing valuation risks which may pose a potential threat to financial stability and this...

Mayer Brown bolsters investment funds practice

Mayer Brown had added Paul Moloney as a partner in its Corporate & Securities team in Hong Kong. Moloney joined from Eversheds Sutherland, where he was a partner leading the firm’s Asia team of investment funds and asset management. He has extensive experience advising on the establishment of public...

RPC boosts international profile with commercial partner hire in Asia

Peter Kwon will lead the firm's newly formed 'Korea Desk' in Hong Kong. International law firm RPC has hired Peter Kwon as partner to head up its newly formed 'Korea Desk', effective January 4, 2022. Based in RPC’s Hong Kong office, Kwon joins the firm from Ashurst, where he co-headed the Korean practice. He brings extensive experience assisting Korean financial institutions, chaebols (large Korean industrial conglomerates) and investment funds in major cross-border disputes, as well in securities regulatory matters.

CSA issues ESG disclosure guidance for investment funds

To combat the growing threat of “greenwashing” in the investment fund business, the Canadian Securities Administrators (CSA) are issuing new guidance for fund managers on environmental, social and governance (ESG) disclosure. The growth of ESG investing has led to calls for funds to provide investors with proper disclosure...

Mechanism Capital launches $100M Gaming Fund

The firm announced a $100M Gaming Fund to support play to earn games. It previously invested $100M in over 20 projects including in blockchain games like Star Atlas, Ember Sword, Yield Guild Games, and Merit Circle. What is Mechanism Capital. Mechanism Capital is an investment firm mostly focused on DeFi....

Digital Asset Funds Hit by 5th Week of Outflows

Investors pulled money out of cryptocurrency funds for a fifth straight week, reflecting the bearish market mood as bitcoin suffers one of its worst-ever starts to a year. Digital-asset investment products saw $73 million of outflows during the seven days through Jan. 14, according to a report published Monday by the crypto firm CoinShares. The redemptions accumulate to $532 million over the five weeks, cutting industrywide assets under management across all funds to $56.1 billion.

Forget the hype. Invest in technology that makes sense

Rob van der Meij, Partner at Capricorn Partners sat down with Kathryn Sheridan from Sustainability Consult to share his insider perspective from the world of biotech financing. Kathryn: How is the world of biotech finance these days?. Rob: Despite the pandemic, there’s no shortage of money available to invest in...

State Street’s Profit Rises 30% on New Business, Market Gains

Revenue increased 5% to $3.05 billion; Analysts estimated $3 billion. Fee revenue climbed 4% to $2.51 billion. Total spending increased by 2%. Shares of State Street fell $2.76 to $101.01 in early trading on Wednesday. The stock is up nearly 29% in the past year. Servicing fees, which State Street...

Best NPS Fund Managers: NPS Funds you should invest in

The National Pension Scheme (NPS) is a great investment option other than starting a SIP in mutual funds for investors who want to create wealth at a steady pace. NPS can offer you a financially secure future, stable returns, and tax benefits. However, the success of your investment depends a lot on your fund manager. At present, there are eight pensions fund managers in India that you can opt for if you are investing in NPS. In addition to this, there are four types of assets where your money gets invested. These are equity or Class E, government bond or Class G, corporate debt or Class C, and alternative investment funds or Class A.