The Morning Briefing: Advice plan for boxers and the Cop27 interests you?

Hello and welcome to your Morning Briefing on Wednesday, November 9, 2022. To receive it each morning in your inbox, click here.

Advice diet for boxers

Evelyn Partners has unveiled a new financial education program for boxing professionals in partnership with 258 MGT – the management company created by world champion boxer Anthony Joshua.

Senior experts from Evelyn Partners, Adam Osper and Ben Gibson – who specialize in advising sportspeople, musicians and entertainment professionals on their finances – recently presented an inaugural presentation on their financial planning initiative tailored to the needs of boxers at the 258 mgt.

Are you interested in Cop27?

The 27th Conference of the Parties to the United Nations Framework Convention on Climate Change – COP27 – kicked off in Egypt on Sunday 6 November.

The aim is to “build on the results of COP26” to act on a range of issues essential to tackling the climate emergency.

These range from urgently reducing greenhouse gas emissions, building resilience and adapting to the inevitable impacts of climate change, to meeting commitments to fund climate action in countries. in development.

Does Cop27 count?


In Conversation with… CISI and Nextgen Planners

CISI and NextGen Planners have joined forces to launch a new scholarship program to create a new pathway for new talent entering the financial planning profession. In the latest episode of In Conversation With, Kimberley Dondo is joined by Sally Plant, Financial Planning Manager, CISI and Adam Owen, Content Manager, Nextgen Planners to discuss how the program was set up and where they hope to see it grow.

quote of the day

“America has decided, and as the electorate waits for the final result, it seems increasingly likely that Republicans will take control of the House of Representatives, which could cause a political stalemate in this vast country.

– Susannah Streeter, senior investment and market analyst at Hargreaves Lansdown, says a US debt ceiling looms as a political stalemate is expected after the midterm elections

Stat Attack

The ‘great spin’ towards value investing may be about to reverse as deteriorating economic conditions and persistent negative real rates tip the balance in favor of growth stocks, says Gerrit Smit , manager of the £1.6 billion Stonehage Fleming Global Best Ideas Equity Fund.

“Between 2001 and 2007, real rates were positive and the stock had a relatively longer period of outperformance. Currently, however, real rates are in deep negative territory.

“As inflation goes down that may change, but it will probably take some time before it gets back to high positive levels. the growth.

“During the three most recent recessions, growth stocks have outperformed by about 20%,” he says. “If it happens again – and the odds of a recession increase – growth managers could catch up.”

Source: Stonehage Fleming

Titanbay has appointed Merrick McKay, head of European private equity for abrdn, to its investment advisory board.

The appointment follows the recent closing of Titanbay’s Series A funding round, in which abrdn was a lead investor, alongside investment firm Motive Partners and leading global wealth management platform FNZ. .

McKay has led the European Private Equity team at abrn since 2018, where he is responsible for the firm’s €8bn of Europe-focused assets under management. With over 30 years of experience in the European private equity industry, McKay has significant experience as an LP, GP, corporate financier and service provider.

As a member of Titanbay’s Investment Advisory Board, McKay will play an active role in selecting strategies and funds to bring to the platform, providing investors with access to a curated portfolio of best-in-class private markets funds. .

McKay will be part of a panel of industry experts, including Benjamin Gargui, head of manager selection at EJS Investment Management; Oliver Burgel, former CEO of Barings in the Europe region; Jean François Le Ruyet, partner in the Quilvest Private Equity team; and Przemek Obloj, managing partner and CIO at Blue Horizon.

DWS has expanded its range of ETF Xtrackers where the indices tracked are aligned with the goals of the Paris Climate Agreement.

Specifically, the indices of seven existing Xtracker ETFs have changed, which previously tracked the euro and US dollar corporate bond market with different maturities and focused on environmental and social standards as well as good corporate governance. company (ESG).

These ETFs now track indices that meet EU Paris Aligned Benchmark (PAB) requirements. An ESG-related exclusion criterion will also remain in place. The new indices are characterized by the fact that they aim to reduce carbon emissions.

Specifically, the ETFs track the Bloomberg-MSCI Euro/USD Corporate SRI PAB indices which target a 50% reduction in carbon emissions compared to an equivalent non-ESG benchmark, as well as a continuous reduction in carbon intensity 7% per year. .

The benchmark includes a semi-annual exclusion process based on bond issuer issuances in addition to regular monthly rebalancing. The semi-annual process determines which issuers should be excluded from the benchmark to ensure compliance with the PAB Regulation.

By the way

Bank of Ireland follows AIB by raising its interest income forecast (Reuters)

Republican wave fails to materialize as US midterm results roll in (Financial Times)

Rising asset wealth and falling real wages ‘fuel inequality in Britain’ (The Guardian)

Have you seen?

Like many managers in all industries, I recently recruited to fill vacancies within my team. In this difficult environment, it took time to find people who bring the right experience and who are the right fit.

To attract good candidates, more than ever I had to “sell” the roles and the company because, in a market of job hunters, the people I want to attract are not lacking in opportunities.

Consulting firms are also finding recruiting a challenge in the current landscape, according to Platforum. And even if you’re not hiring right now, chances are people on your team will be approached. So you might think that you are thinking about the same questions as me.

What are the keys to attracting and retaining the right people? What makes a place a good place to work?

Yasmina Siadatan – Director of Sales and Marketing at Dynamic Planner – writes for Money marketing.