Asset management roundup: Natixis, Moelis, Chamonix, Aquila

first_imgThe joint venture will be overseen by a board of managers consisting of three representatives appointed by Natixis and three representatives appointed by Moelis, the companies said.The investment committee will be chaired by Martin St. Pierre, who was most recently global chief executive GAPC and previously global head of credit trading at Natixis. Meanwhile, Aquila Capital has joined forces with index provider ECPI to offer sustainable investment products, mainly in the real asset sector.Aquila Capital said it had formed a strategic partnership with ECPI which would allow them to combine their skills to sell a series of co-managed sustainable investment solutions.Paolo Tolla, president of ECPI, said: “It’s important that the financial community recognises the importance of environmental, social and governance criteria as part of their investment choices, not only for the financial rewards connected to them but also for their moral significance.”Roman Rosslenbroich, chief executive of Aquila Capital, said there was growing demand for sustainability-driven real asset investments. French bank Natixis and Moelis Asset Management are setting up a joint investment management venture called Chamonix Partners Capital Management.Chamonix will initially manage Vallee Blanche Fund Alpha, a $1.3bn (€950m) fund, which will buy a portfolio of US dollar and euro-denominated structured product assets from Natixis’ Gestion Active des Portefeuilles Cantonnés (GAPC).Natixis said the transaction would be a true sale by GAPC, with the funds’ limited partners wholly external to Moelis and Natixis. As well as its initial investment portfolio, Chamonix will aim to raise and manage other funds to buy additional assets and enter into financing deals, the joint venture partners said. last_img read more

Inter Milan say Conte to remain coach next season

first_imgRelatedPosts Bayern Munich fans undergo Super Cup coronavirus tests Pirlo not out to copy anyone after Juventus’ comfortable opening win Vidal lands in Milan to complete move from Barca to Inter Antonio Conte will stay on as coach at Italian Serie A club side Inter Milan next season, ending speculation they may part company following last week’s Europa League final defeat.Conte’s occasional angry outbursts saw him clash with the club’s senior executives during his first season in charge, when Inter Milan finished second to Juventus in Serie A. They went on to lose 2-3 to Sevilla in the Europa League final on Friday.“The Club and Antonio Conte had a constructive meeting today (Tuesday), focused on continuity and strategy, in which the two parties laid the foundations to continue working together on the Club’s project,” Inter Milan said in a statement on Tuesday.The 51-year-old ex-Italy coach joined Inter Milan after winning three Serie A titles with Juve and the Premier League with Chelsea.Reuters/NAN.Tags: Antonio ConteEuropa LeagueInter MilanJuventusMilanSerie ASEVILLAlast_img read more

Dr. Fauci, White House COVID-19 task officials testify on Capitol Hill

first_imgdrnadig/iStockBy JOHN PARKINSON and ANNE FLAHERTY, ABC News(WASHINGTON) — As the novel coronavirus continues to spread across the United States, Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, is set to testify on Capitol Hill Friday. His appearance comes amid mounting scrutiny into his strained relationship with President Donald Trump.Fauci, who last testified before Congress on June 30, will be joined during a hybrid in-person/remote hearing by two other leading officials from the White House Coronavirus Task Force: the Centers for Disease Control and Prevention’s director, Dr. Robert Redfield, and the assistant secretary for health at the Department of Health and Human Services, Adm. Brett Giroir.The hearing comes as the number of new COVID-19 cases keep appearing at a worrisome pace. Cases rose above 60,000 on Wednesday — the highest daily tally in more than two months — when more than 1,400 Americans died from the virus.Democrats say they intend to examine the “urgent need for a national comprehensive plan” to address the pandemic, according to a news release sent by the Select Subcommittee on the Coronavirus Crisis, which is chaired by House Majority Whip James Clyburn.With public support for his response to the pandemic sinking, Trump has recently worked to discredit Fauci, insisting he’s “made mistakes” throughout the crisis. Nevertheless, the president insists he gets along fine with Fauci and likes him personally.Following weeks of questions about their relationship, Fauci joined Trump Thursday at the American Red Cross headquarters — the first time they met in person since June 2 — for a roundtable to raise awareness of the importance of donating plasma.“Everybody is doing a good job. Everybody is working very hard,” Trump said.“When we talk about what is going on in this country and the challenge we’re facing, we often say that it is something where we are all in it together, and we all have to pull together,” Fauci said.The hearing will be the first since the CDC released new guidelines on schools. Earlier this month, the White House blocked Redfield from testifying in the House, with a senior administration official telling reporters on condition of anonymity: “We need our doctors focused on the pandemic response.”Since then, the CDC has revised its guidelines on schools, which prioritize the argument that kids should return to the classroom because of mental health needs and the reduced likelihood of getting seriously ill. It’s likely lawmakers will demand to know if Redfield was pressured politically to refocus the guidelines.Research shows kids are significantly less likely to get seriously ill from the novel coronavirus, although the risk isn’t zero and the concern is that they can infect others without ever exhibiting symptoms. And while there is some research that younger children could be less infectious than teens and adults, those findings are typically in countries with lower transmission rates than the U.S.Copyright © 2020, ABC Audio. All rights reserved.last_img read more