Carne and Russell announce strategic partnership – $32bn AUM sets new benchmark for the industry. Russell Investments appoints Carne Group as third-party management company to 11 Russell umbrella funds, comprising $32.5bn of AUM across 76 active sub-funds, the world’s largest outsourcing to date by AUM. The funds are domiciled in Ireland and distributed globally. …
I joined Carne Luxembourg in December 2019 as a Manager of Investment Risk and recently moved over to Associate Director in Risk Management. I’ve spent my financial investment career to date in Investment Risk Management. I joined Carne from Invesco Asset Management Luxembourg, where my main responsibilities were to assess the investment risks of alternatives…
Introduction The Central Bank of Ireland’s (the Central Bank’s) consultation paper (CP138) on the Cross Industry Guidance on Outsourcing (the Guidance) outlined the Central Bank’s expectations regarding the management of outsourcing risk with a view to promoting higher standards of operational resilience in regulated financial service providers. On 17th December 2021 the Central Bank published…
Carne Group to acquire The Asset Management Exchange (AMX) Dublin, 25 January 2022 – WTW (Willis Towers Watson, NASDAQ: WTW), a leading global advisory, broking and solutions company and Carne Group (Carne), a leading digitally driven platform for the global asset management industry and Europe’s leading third-party fund management company, today announced they have agreed…
The European Commission published its long-awaited proposals for the review of the Alternative Investment Funds Directive (AIFMD). The Commission was satisfied that the Directive has had a mostly positive impact in creating an internal market for AIFs. However, the review highlighted a number of areas where targeted improvements could be made to further enhance the…
The annual PRI Awards took place in October showcasing projects taking a leadership role in responsible investment. The initiative received 120 entries by PRI signatories headquartered in 25 countries, and a panel of independent judges evaluated all projects under specific, weighted criteria. It was fantastic to see clients being recognised for their contributions and we…
COP26 recently took place in Glasgow, bringing together global leaders for twelve days to discuss ways to tackle the climate crisis. Following COP26, we held our first ESG webinar this month to reflect on measurable and achievable progress made during the event and how governments, regulators, and the asset management industry can work together to…
Today, Carne Group announces the acquisition of 100% of the shares in Distributor Due Diligence Ltd (operating as 3D). This establishes Carne as the global market leader in fund distribution due diligence connecting the world’s largest and leading fund managers to over 2,000 fund distributors. Speaking about today’s announcement John Donohoe, Group Chief Executive of…
European Regulators are adopting XBRL as the submission format for the data they collect. This supervisory convergence enables a standardised method for the definition, collection, and validation of regulatory data. The CBI Taxonomy introduces, amongst others, XBRL versions of the PRISM Impact Metrics Data return (‘PIMD’) and FINREP returns currently submitted on to the Central…
On the night of October 15th, people from all over Ireland took part in the annual Shine A Light Night sleep out. Shine A Light Night was launched in 2015 by Focus Ireland, a non-profit organisation that supports homeless and vulnerable people in the country. Every year business leaders and communities sleep out for one night to raise…