Asset management

The development of SRI hampered by the lack of harmonization of methods

In France, conviction-based SRI drives the socially responsible investment market. The lack of harmonization of environmental, social and governance (ESG) criteria would be the main obstacle to the engagement of investors and companies in this area. This is one of the conclusions of the East and Partners study, commissioned by HSBC, on the sustainable development […]

Asset management

“The consolidation of the sector remains a fundamental trend”

Xavier Parain, Deputy Secretary General of the AMF, welcomes the ability of Place de Paris to incubate and approve young management companies. How is asset management doing in France? The French asset management business model is working well. Place de Paris is able to incubate and approve young management companies that are starting out. There […]

Asset management

C-Quadrat sets up in France

The group headed by Carlo Michienzi has taken a majority stake in Advenis IM. ITS NEWS Carlo Michienzi, member of the executive committee of C-Quadrat, an independent asset management company already established in London and Vienna, will take over the management of the group’s new office in Paris. This opening follows the acquisition in August […]

Asset management

Tikehau acquires Sofidy and crosses the 20 billion mark in assets under management

Exclusive: An acquisition at 220 million euros. Sofidy was created in 1987 by the father of Antoine Flamarion, co-founder of Tikehau. Tikehau has just entered into exclusive negotiations to acquire 90% of the capital of Sofidy, the leading independent player in the SCPI market with 4.8 billion euros under management. The operation will allow Tikehau […]

Asset management

Daniel Fighiera finds an entrepreneurial environment

The former Deputy CEO of Tocqueville Finance joins Auris Gestion as Director of Equity Management and member of the Executive Committee. HIS NEWS Daniel Fighiera, previously Deputy CEO of Tocqueville Finance, was recruited as Director of Equity Management and member of the Executive Committee of Auris Gestion, “An independent and entrepreneurial structure, with which I […]

Asset management

The AMF on the verge of becoming the policeman of the carbon footprint

An amendment to article 23 of the Pacte law provides for giving the AMF the responsibility of evaluating and proposing uniform climate-related methodologies. The Autorité des marchés financiers could soon be given a new mission. An amendment to article 23 of the Pacte law (the action plan for the growth and transformation of businesses will […]

Asset management

Assets under management in France reached a record level at the end of 2017

630 management companies were authorized in France at the end of 2017 for a total of assets under management of over 3.800 billion euros. The Autorité des marchés financiers is publishing its overview of management companies for the year 2017 on Tuesday. Here is what we can learn from it. Six hundred and thirty management […]

Asset management

Ostrum Asset Management announces a major austerity cure

The management company wants to reduce its costs by 25% in two years and is considering 50 voluntary departures within its Parisian teams. Ostrum Asset Management (formerly Natixis AM) is continuing its reorganization. Its managing director, Matthieu Duncan announced to employees on Tuesday that he wanted to reduce costs by 25% by the end of […]

Asset management

Regulators fear another liquidity crisis in Europe

The flight of investors at the start of the crisis put European funds, particularly corporate debt and real estate funds, under pressure. Regulators want to ensure that a new wave of withdrawals does not jeopardize the stability of the financial industry. The wind of panic that shook the financial markets in March had a major […]

Asset management

How money market funds averted disaster

Essential links in short-term financing, money market funds found themselves caught between investors’ need for liquidity and the freezing of bond markets. Only the intervention of the ECB made it possible to avoid the debacle. Monetary funds narrowly avoided the industrial accident in mid-March. At the height of the financial crisis, these essential links in […]