Latest news about investment products, financial products and other services for wealth advisors and their clients.
Legal and general investment management
In response to growing interest from investors, European asset manager and global investor Legal & General Investment Management (LGIM) has announced the launch of the newly launched European Reserved Alternative Investment Fund (RAIF). We have just launched a short-term alternative finance fund that will be incorporated into. ) platform.
The Luxembourg-based fund invests in a portfolio of private credit assets that are less than one year old, offering investors a strategic alternative to cash and other short-term credit alternatives. The company said in a statement that the strategy targets attractive yields and low volatility, and aims for an average investment-grade rating.
The types of short-term alternative finance in which the Fund can invest include capital call facilities, supply chain finance, accounts receivable and asset-backed finance. The fund targets a wide range of institutional investors, particularly insurance companies, pension plans, endowments and family offices, the company continued.
Launched in 2021, LGIM’s first short-term alternative finance strategy currently manages more than £1 billion ($1.26 billion) across short-term strategies on behalf of a variety of clients, with third-party investors is now available for investment alongside Legal & General Group.
All transactions in the fund are underwritten by LGIM’s alternative debt investment team, led by Matthew Taylor, with Sam Jones serving as co-fund manager.
“We believe that short-term alternative finance can provide an attractive solution to enhance returns compared to liquid funds and cash holdings. We achieve this with lower duration and volatility, which allows investors to compare LGIM’s head of alternative debt, Taylor, said.
Söderberg & Partners Asset Management
Nordic asset manager Söderberg & Partners Asset Management has launched a new discretionary fund management (DFM) business that it believes will support advisers in meeting their obligations under consumer tax rules to deliver value to clients. I launched it.
The company said in a statement that the product range is divided into four risk grades: Core, Sustainable Core and Active Core. The three versions offer investors the option of choosing between active costs, low costs, or a focus on sustainability. Each of these three core ranges has four different risk grade model portfolios: Adventurous, Growth, Balanced, and Cautious. The portfolio is comprised of active mutual funds and passive index tracking funds from leading asset managers, the company continued.
Portfolios are available on Söderberg & Partners’ own advisor platform as well as on select platforms such as Aviva, Transact and Quilter.
Söderberg & Partners, which manages around 70 billion pounds ($88 billion) of assets under management, last year announced its entry into the UK financial services market with the aim of building investment solutions powered by next-generation technology.
