Asset Managers

Amundi, Europe’s biggest asset manager, is taking a 26.1 percent stake in Texas-based asset manager Victory Capital. The stake is valued at about 800 million dollars.

Six months after the rollout of Eltif 2.0, the BlackRock private markets team believes this updated wrapper has the potential to become the vehicle of choice for private market investment.

New technologies have the potential to support the integration of capital markets, improve the provision of financial services and make them more efficient for the benefit of companies and citizens. Integrating them into existing business models also requires a cultural change among those who use them.

Luxembourg financial regulator CSSF has confirmed that the 34.49 percent holding in Nvidia by an Amundi fund does not constitute a breach of the 2010 law on undertakings for collective investment, which caps Ucits investments in most individual stocks at 10 percent.

People news from Ostrum Asset Management, Fese and Esma.

Luxembourg fund vehicles are increasingly being used to finance international independent film production.

MFS CEO Mike Roberge and Luxembourg head Michael Derwael see actively managed funds - ETFs and mutual funds - as benefitting from a return to higher interest rates, which would take away market share from passive investments and private markets.

Transcript of the interview with Esma Chair Verena Ross.

Asset managers are expressing concerns over the European Commission’s lack of a clear definition for “value for money,” arguing its subjective nature complicates the assessment of investment service costs amidst new regulatory pressures.

Vanguard Group has announced that Salim Ramji, formerly of BlackRock, will become its new CEO on July 8th. Ramji, who will also join the board of directors, will take over from Tim Buckley.

Until recently, Ramji was responsible for BlackRock’s exchange-traded funds (ETFs) and index investments divisions, where he managed to grow the ETF business from $1 trillion to $2.5 trillion.