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Muzinich targets short duration IG credit with first Swiss domiciled fund

PMG Fonds Management is the fund management company.

BNY Mellon IM broadens fixed income beta fund range

Trio of Dublin-domiciled strategies are designed to capitalise on inefficiencies in the bond market.

Silex launches fund with ex-Oddo convertibles head

The newly launched fun will be managed by Xavier Hoche.

Fidelity bolsters platform with Cavendish Online acquisition

They will see no immediate changes to their costs, as Fidelity pledged to retain their current platform charges for at least 12 months from the transaction date.

The Hartford to sell Navigators’ European business

Premia said it is focused on acquiring and reinsuring legacy portfolios.

Risk of debt shortage seen shaking German bonds out of slumber

Uncertainty over the November US election and a resurgence of the coronavirus should spur haven buying of bunds, adding downward pressure on yields, according to Citi.

Monte Paschi’s Shareholders Approve Its Sale of Soured Debt

The bank’s total legal risk of about 10 billion euros is a major hurdle to the sale of the 68% stake owned by Rome.

Proparco backs Kenyan bank with $100m

Proparco, a French Development Finance Institution, has granted $100m loan to Equity Group Holdings, which will allow the Kenyan bank to grow and continue its support to the private sector.

Aberdeen seeks new steam age with innovation fund launch

The company said the mandate would invest outside the obvious candidates of tech.

Goldman Sachs launches 'supercharged' healthcare equity fund

Goldman Sachs Asset Management has launched a fund that aims to identify companies at the forefront of healthcare innovation.

The £342m of UK investments that will help fund Chinese debt as Communist Party bonds are upgraded by the London Stock Exchange

UK funds have already invested £3billion in Chinese sovereign bonds

South Africans setting up a business in the UK

Setting up an entirely new business in the UK is not impossible to do.

Credit Agricole wants Banco BPM tie-up to scale up Italian business - sources

Credit Agricole, which operates in Italy through its Cariparma unit, holds consumer credit agreements with Banco BPM and wants a deeper tie-up to access the bank's client network in the northern region of Lombardy, the sources said.

CEO of Norway’s Wealth Fund Has Too Much Cash for Banks

In Norway, “there is a limited number of banks with a sufficient rating and solvency that are relevant candidates for holding personal bank deposits of the scale involved

PIMCO targets labelled and unlabelled green bonds with new fund launch

The fund seeks optimal risk-adjusted returns and provides investors with a globally diversified, multi-sector bond portfolio that supports climate change solutions, while seeking to minimise exposure to climate-related risk.

Royal London talks off the table as investor hones in on LV

According to LV, it was paid a total £1.08bn for its general insurance arm.

CIP secures €4bn investment for greenfield renewables fund

Expected to be one of the largest ever funds of its kind, CIP IV was launched five months ago with a target between €5 billion and €5.7 billion, and will focus on greenfield investment in energy infrastructure around the world.

Close Brothers Business Finance successfully facilitates MBO using CBILS

The deal was brokered by PMD Business Finance, a successful brokerage based out of Oldham, and who played a key role in the successful outcome of the MBO.

MassMutual and GIC take additional 36% stake in Rothesay Life as Blackstone exits

This is a strong expression of confidence in the company and provides the business with exceptional long-term support from two of the world's leading institutional investors.

Credit sentiment recuperates as dovish policy prevails

The longer-term economic outlook has improved lately due to the massive monetary and fiscal stimuli.

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