The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Legal & General Investment Management
In response to growing interest from investors,
Legal & General Investment Management (LGIM), a European
asset manager and global investor, has just launched a Short-Term
Alternative Finance Fund which will sit on a newly-launched
European Reserved Alternative Investment Fund (RAIF) platform.
The Luxembourg-based fund will invest in a portfolio of sub
1-year private credit assets, offering investors a strategic
alternative to cash and other short-dated credit alternatives.
The strategy will target attractive yields and low volatility,
with an average investment grade rating, the firm said in a
statement.
Types of short-dated alternative finance the fund could invest in
include capital call facilities, supply chain finance, trade
receivables and asset-backed financing. The fund will target a
range of institutional investors, notably insurance companies,
pension schemes, endowments and family offices, the firm
continued.
Launched in 2021, LGIM’s first Short-Term Alternative Finance
strategy, now manages over £1 billion ($1.26 billion) across
short-dated strategies on behalf of a range of clients and allows
third-party investors to invest alongside the Legal & General
Group.
All transactions for the fund are underwritten by LGIM’s
alternative debt investment team, led by Matthew Taylor, with Sam
Jones acting as joint fund manager.
“We believe short-dated alternative finance can provide an
attractive solution for enhanced returns in comparison to
liquidity funds or holding cash. It achieves this with low
duration and volatility helping investors to maintain sufficient
liquidity with potentially reduced risk when compared to other
alternatives,” Taylor, head of alternative debt at LGIM, said.
Söderberg & Partners Asset Management
Nordic wealth manager
Söderberg & Partners Asset Management has launched a new
discretionary fund management (DFM) business which it believes
will support advisors in meeting their obligations to provide
value for clients under Consumer Duty rules.
There are three product ranges: Core, Sustainable Core, and
Active Core, across four risk grades, the firm said in a
statement. The three versions offer options for investors
choosing between active and low cost, or a focus on
sustainability. Each of these three core ranges has four
different risk-graded model portfolios: Adventurous, Growth,
Balanced and Cautious. The portfolios comprise active
mutual funds and passive index tracking funds from leading asset
managers, the firm continued.
The portfolios are available on Söderberg & Partners’ own advisor
platform, as well as on selected platforms such as Aviva,
Transact and Quilter.
Söderberg & Partners, which manages about £70 billion ($88
billion) of assets under management, announced its entry into the
UK financial services marketplace last year, aiming to create
investment solutions supported by next generation
technology.
