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Pete Carvill

  • Eurosif takes aim at ‘vague’ ESG labels

    Eurosif takes aim at ‘vague’ ESG labels

    The European Sustainable Investment Forum (Eurosif) has said it will exclude from its next tally of the continent’s sustainable investing market those asset managers offering hard-to-define strategies around ESG. Speaking to Bloomberg earlier this week, Eurosif said it was revising its methodology, given the size of the market, which previous estimates from the forum have…

  • Do Europe’s banks have a problem – or is the problem them?

    Do Europe’s banks have a problem – or is the problem them?

    The fallout from Credit Suisse’s takeover by UBS is continuing to be felt across Europe. The move, which saw UBS step in to scoop up its former rival following months of speculation over Credit Suisse’s business affairs, has led to regulators in Europe saying they would look to write down the investments of shareholders as…

  • ESG a growing concern among fund selectors – Broadridge

    ESG a growing concern among fund selectors – Broadridge

    Broadridge has released the latest edition of its Fund Brand 50 report, which aims to highlight the “world’s best-performing third-party asset management brands”. The report, said the firm, measures and ranks asset managers’ relative brand attractiveness based on fund selector perceptions, taking into account 10 brand ‘attributes’ to reveal the top US and global brands.…

  • InvestEU gives green light to EBRD projects

    InvestEU gives green light to EBRD projects

    A slew of new projects from the European Bank for Reconstruction and Development (EBRD) have received the go-ahead from the InvestEU Investment Committee. Under the auspices of the various projects, investments totalling €1.1bn will be used to boost green and sustainable projects in the municipal, transport and energy sectors. According to the EBRD: “The InvestEU…

  • The ‘shotgun wedding’ of Credit Suisse and UBS

    The ‘shotgun wedding’ of Credit Suisse and UBS

    The ongoing volatility in the global banking sector has seen UBS take on Credit Suisse – a move likened around Europe to a ‘shotgun wedding’, with the role of the gun-toting parent being assumed by the Swiss government. Under the terms of the deal, the cumulative financial risk the general public is shouldering to save…

  • ESG investors grow uneasy as Net Zero Industry Act criticised

    ESG investors grow uneasy as Net Zero Industry Act criticised

    ESG policies around investing are causing unease for some institutions, a survey from Robeco has suggested. The Robeco Global Climate Survey 2023 highlighted a number of issues in the market that respondents say are causing tension. These include the energy crisis, which – while reinforcing net-zero convictions – has increased short-term exposures; and whether policies…

  • Mercedes signals multi-billion investment in new EV plants

    Mercedes signals multi-billion investment in new EV plants

    Mercedes has signalled its intentions to invest billions in Europe into new plants in Germany and Hungary. According to multiple news sources, the automotive giant has said it will build plants in Rastatt, Germany, and Kecskemet, Hungary. Jörg Burzer, the automaker’s production chief, reportedly told German publisher Automobilwoche the firm would begin building the Rastatt…

  • Silicon Valley Bank collapse ripples across Europe

    Silicon Valley Bank collapse ripples across Europe

    The collapse of Silicon Valley Bank (SVB) in the US has already had a ripple-effect across Europe, even as the long-term impact of the implosion remains murky. Late last week, the US bank – home to deposits for many of the country’s start-up tech firms – revealed it was looking to sell off assets in…

  • US and EU ‘reach common ground’ on clean tech

    US and EU ‘reach common ground’ on clean tech

    The US and the EU have reached common ground on the former’s Inflation Reduction Act and the latter’s European Green Deal, Ursula von der Leyen has revealed. In a speech made available on the EC’s website, the European Commission (EC) president lauds the fact that the “two biggest and most-advanced economies in the world are…

  • Does Europe’s green transition need better investment?

    Does Europe’s green transition need better investment?

    Europe has an ‘unprecedented opportunity’ to move away from imported fossil fuels and become a ‘long-term leader in clean energy’, according to a report from law firm Dentons. The 72-page report, Investing in Renewable Energy Projects in Europe, states that global investment in renewable energy has soared in recent years, reaching $495bn (€467) in 2022…

  • Number of ESG funds jumps 89% in a year

    Number of ESG funds jumps 89% in a year

    But costs are creeping up as more existing funds reposition their offering

  • La Française appoints Guillaume Cadiou as CEO

    La Française appoints Guillaume Cadiou as CEO

    Tasked with driving forward its multi-boutique asset management business plans