LONDON This November will mark the 20th anniversary of the BRIC acronym that I coined to capture the economic potential of Brazil, Russia, India and China. Many commentators will be revisiting the concept and assessing each country’s performance since 2001, so here are my own thoughts on the matter.
Private markets: Biotech funds point to the future
Healthcare has had a year like no other for at least two reasons. The first is obvious. The second is all about investment.
In April, for example, healthcare ETFs saw their highest level of inflows – $7.3 billion at the global level. And although this amounted to just $0.5 billion in Europe, even that was a regional record. BlackRock, which published the numbers, said the interest in medical device production and in pharmaceutical innovation had offered investors two rationales for investing in the sector.
At Goldman Sachs Asset Management (GSAM), Luke Barrs – a portfolio management leader – said that the pandemic had “supercharged an existing secular trend and pushed healthcare right to the top of governments’ and societies’ priorities”. He was speaking as GSAM launched a healthcare public equity fund.
The world’s top 30 fund managers, collectively holding US$50 trillion in assets, get mixed marks on steering the global economy into alignment with the targets set in the Paris climate agreement, an annual report released yesterday said.
The assessment from London-based think tank InfluenceMap graded investment giants across three criteria: support for climate-related shareholder resolutions, the “greenness” of portfolios and engagement with the companies in those portfolios.
“Given the huge influence these asset managers have over the global economy, it is vital they take action to ensure the world can meet the climate goals of the Paris agreement,” InfluenceMap executive director Dylan
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GUELPH, ON, Jan. 13, 2021 /PRNewswire/ Canadian Solar Inc. ( Canadian Solar ) (NASDAQ: CSIQ) today announced that its wholly-owned subsidiary, Recurrent Energy, completed the sale of the Slate project to Goldman Sachs Renewable Power LLC ( GSRP ). Revenue from the transaction will be recognized in Q1 2021 and commercial operation is anticipated in late 2021.
The Slate project is a 300 MWac solar plus 140.25 MW / 561 MWh storage project located in Kings County, California, and has commenced construction. Canadian Solar s majority-owned energy storage subsidiary, System Solutions and Energy Storage ( SSES ), will provide the battery storage integration solution for the project. Additionally, PNC Bank is providing a tax equity commitment to the project, which demonstrates its pledge to not only manage its own operations in an environmentally sustainable manner, but also to support clients with innovative financing options as the world tran
EnCap Flatrock Midstream Promotes Matthew Melton, Kyle Stelma to Vice President
EnCap Flatrock Midstream recently announced the promotions of Matthew R. Melton and Kyle Stelma, who both joined the San Antonio-based firm in 2017, to vice president.
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EnCap Flatrock Midstream recently announced the promotions of Matthew R. Melton and Kyle Stelma, who both joined the San Antonio-based firm in 2017, to vice president.
Matthew R. Melton
“Since they joined EnCap Flatrock in 2017, Matt and Kyle have each demonstrated a strong work ethic and a deep understanding of our business model and goals,” EnCap Flatrock Midstream Managing Partner and Founder Bill Waldrip said in a statement on Jan. 5. “They are very capable leaders with strong financial skill sets and a proven commitment to helping our portfolio companies succeed. We are excited to watch them continue to grow as they take on increased responsibilit