Amplify Issue 5: Selector D&I pledge – Our data can help

by | Jul 11, 2022 | Newsletters

Find out how Citywire is helping in a diversity drive led by some of the US's biggest gatekeepers, while we also look at a fund manager on the brink of her first Citywire rating and meet the latest recruit to Royal London's sustainability team.

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Amplify has highlighted firms improving fund manager gender balance. Now, two fund-buying giants have pledged to include diversity quotas in their selection processes. Citywire is offering its unique data, used to power the annual Alpha Female report, to any fund selection team that signs up to the pledge.

One female manager making a name for herself is Lan Wu, who is on the verge of her first Citywire rating. We’ll highlight more like her in future.

Higher up the ratings ladder is our featured elite equity manager, Felise Agranoff. She tells us about the moment she gained conviction in Tesla. By contrast, our feature with a more junior sustainability manager reveals why Elon Musk’s company has no place in his portfolios.

Turning to less-erratic CEOs, we think, is Citywire’s ESG debate with nine fund chiefs. If you want a rare insight into what the top tier is thinking (perhaps your own boss), look no further.

Will your pay increase with inflation this year? Some 63% said no, but a lucky (or optimistic) 21% said yes!

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ALPHA FEMALE
Fresh pressure to act as world’s biggest selectors sign up to D&I ‘Rooney Rule’

Major US gatekeepers have pledged to include ethnic-minority and female management teams in fund searches. Citywire is making its data on gender diversity available to fund selection teams that commit to the pledge.

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EQUITIES ELITE
How one elite growth manager dodged the blow-ups

JP Morgan contributes more managers to our elite list than any other asset manager. Felise Agranoff is one of them, running $32bn. The growth manager relied on a mixture of differentiation, pruning and knowing when to build positions to deliver consistency and avoid the worst of the value rotation.

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ASSET MANAGEMENT CEOs
ASSET MANAGEMENT CEOs
ESG ‘category inflation’ proves headache for fund groups

Frustration with the media, regulation and even fellow asset managers was evident when nine CEOs gathered at Citywire’s studio to debate ESG investing. 

The candid discussion revealed materially different approaches to sustainable investing when it came to what, if any, product changes it entailed. Playing master of ceremonies was Citywire chair Lawrence Lever.

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SUSTAINABILITY MANAGER
‘Bad companies that might turn good in 20 years? No, thanks’

George Crowdy, the newest member of Mike Fox’s sustainable fund team, reveals how he got the gig. He also tells us how he works with other managers on Royal London Asset Management’s sustainable equity range, and why he doesn’t buy polluting companies promising to deliver a global transition.

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ALMOST RATED
ALMOST RATED
LGIM’s fixed income partnership poised to pay off for Wu

Some managers are well known for climbing up, falling out or returning to our rankings of + to AAA. But even the stalwarts had to start somewhere. Now you can discover managers on the verge of their first rating. First up is LGIM’s Lan Wu.

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COMMENT
Jupiter: Fix or be taken over

As the incoming CEO of UK asset manager Jupiter, Matthew Beesley faces multiple issues at the firm, not least a share price down more than 40% this year. A sale may beckon unless he can stoke up organic growth.

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Editor’s pick: Here are three top reads from Citywire, as chosen by Amplify editor Will Robins.

‘Computers don’t go to drinks parties’: Man CEO’s quant quest

Luke Ellis has tripled the group’s assets base. Here’s what he intends to focus on in the near future.

Revealed: The 10 favourite shares of the world’s best fund managers

Some epic number-crunching reveals the 10 shares most popular with the world’s best fund managers.

Dos and don’ts for fund managers in pitch meetings

Global head of investment research until 2021, Deb Clarke knows the good, bad and downright notorious.

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