Asset management roundup: Natixis to buy 25% stake in US manager WCM

first_imgPaul Black, co-CEO of WCM, said: “After a lot of thought and collective input, we concluded the smartest way to enhance our stability, and to guard our investment temperament, was to partner with a world-class global distribution platform.“For some time now we’ve known that diversifying the product mix within the firm – by raising the profile of our global strategy, our emerging markets strategy, and various other investment strategies – is the key to making this happen.”BMO drops F&C brandBMO Global Asset Management is to remove the F&C brand from all its products four years after its acquisition of the UK-based asset manager, it announcd today.All open-ended funds and corporate entities in Europe will adopt the BMO name, as will the direct-to-consumer channel, the Canadian investment group said.BMO GAM bought F&C Asset Management in 2014 and it has been expanding across Europe since then. It has opened seven offices in six countries, including France, Germany, Italy, Sweden, Spain and Switzerland.David Logan, head of distribution at BMO Global Asset Management, said: “Having more of our global and local capabilities under a single brand helps us to deliver on that as well as further simplifying the way we communicate with clients across all of our regions.”New signatories to UK gender diversity pushFranklin Templeton Investments, Intermediate Capital Group and Investec Asset Management are among 67 additional signatories to the UK government’s Women in Finance charter, according to an update published today. They signed up in the second quarter of the year, taking the total number of signatories to 272.Those signed up to the charter – an iniative of the UK treasury department – commit to four actions “to prepare their female talent for leadership positions”, according to the government.The four actions are:to have one member of the senior executive team responsible and accountable for gender diversity and inclusion;to set internal targets for gender diversity in senior management;to publish progress annually against the targets in reports on their websites; andto “have an intention” to ensure pay of the senior executive team is linked to delivery against the internal targets on gender diversity.The treasury is to update the signatory list with links to their targets in September. Natixis Investment Managers is to acquire a minority stake in $29bn (€25bn) WCM Investment Management and become its exclusive third-party distributor.Under the terms of the agreement, Natixis will acquire a 24.9% in WCM, which is based in Laguna Beach, California.The distribution arrangement means WCM will be added to Natixis’ global multi-affiliate platform, giving clients of the French asset manager access to a “high-conviction, high-active share investment manager with a distinctive investment culture and process”, according to a statement.WCM is employee-owned and runs concentrated equity portfolios covering global, emerging and small cap markets.last_img read more

Lambert: Saints can’t ease off

first_img But 31-year-old Lambert knows Saints need to maintain their form if they are to mix it with the big boys at the business end of the campaign. “A good start is important to any team in any season, but just because we’ve done well doesn’t necessarily mean we can lay off a little bit,” he said. “We’ll be trying to improve because we know the teams around us in the league are going to pick up points so it’s going to get harder to stay where we are, but we’re confident we can do it. “It’s very nice [to be fourth], so let’s try to stay there now. It’s early doors, so we’ve got to take our start into the rest of the season and push on so we can stay there.” The goals came in the opening four minutes of the second half as club-record signing Osvaldo finally opened his account for the club and Lambert then curled home a superb free-kick. Lambert believes it will do the former Roma forward the world of good to break his duck. “Dani did terrifically for his goal,” he said. “He’s hit it, got it on target and it’s gone in the back of the net. That’s what happens when you take your chances, and that’ll obviously give him the confidence he needs – and it gave the team confidence to go on and get another goal.” Rickie Lambert has hailed Southampton’s fine start to the new season but has stressed that they must continue to improve if they are to finish anywhere near their current fourth-place spot. Press Associationcenter_img The England international scored the hosts’ second goal in a routine 2-0 win over Crystal Palace at St Mary’s on Saturday, just two minutes after strike partner Dani Osvaldo grabbed his first Saints goal. The win lifted Mauricio Pochettino’s side into the Champions League qualification places, leapfrogging the likes of Manchester City, Liverpool and Everton in the process. last_img read more