FUNDS

H2O AM acquires stake in Poincaré

H2O Asset Management, an affiliate of the Natixis Global Asset Management Group, has announced its acquisition of a strategic stake in Poincaré Capital Management, a Hong-Kong-based asset manager focusing on global equities driven by Asian growth. This move followed H2O’s recent communication on the limited management capacity left in its high-risk global macro products. After launching a global emerging debt, then a global aggregate fund, H2O created its Barry brand in 2016, which is dedicated to thematic investments linked to the lack of liquidity in the market place.

Cautious BOE stokes medium-term risks

The Bank of England may find itself behind the curve on inflation, says Mark Nash, head of fixed income at Old Mutual Global Investors, after the first UK interest-rate increase in a decade.
 
'The pace of growth in the UK economy has been supported for years by the increase in labour supply into the country. With fewer people now coming to the UK from the EU, and unemployment rates on the floor, it’s left to productivity to take up the slack for the UK to grow.
 

FTSE350 pension deficits fall by only £1bn despite gain

Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies decreased slightly from £68bn at the end of September to £67bn on 31 October 2017. At 31 October 2017, liability values increased by £7bn to £832bn compared to £825bn at the end of September driven by a modest increase in market expectations of inflation. Asset values were £765bn (an increase of £8bn compared to the corresponding figure of £757bn at the end of September 2017).

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