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T Rowe Price makes unconventional manager choice for first dedicated UK fund Former EMEA co-head Mitchell Todd to lead the charge on US asset manager’s foray into UK equities T Rowe Price has taken an unconventional route appointing the former boss of its European portfolio team to helm its first UK equity fund which faces steep competition in a crowded marketplace despite differentiating itself with a sustainable bent. The $1.4trn (£1trn) asset manager revealed on Monday it was preparing to launch its first dedicated UK strategy, a move which it said has “strengthened its commitment” to the region. Branded the Responsible UK Equity fund, it will apply a socially responsible screen “which aligns with the most common ESG concerns expressed by clients” and exclude companies “involved in an extreme ESG breach” that are not taking steps to address their underlying issues. ....
Investment Week is hosting its Alternatives Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain. During this interactive briefing, we will hear from a number of alternatives managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond. The managers will identify where they are seeing the biggest opportunities and risks at the moment for their portfolios and explain the role their strategies could play in helping diversify client portfolios. Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points. ....