Northern Trust’s assets under custody from UK pension fund client increased by more than $72bn (£56bn) in 2019.

It said that the growth in 2019 was driven by both new client wins and asset inflows across 20 marquee clients – including both corporate and local government defined benefit pension schemes and defined contribution master trusts.

Royal London Asset Management (RLAM) has launched its Global Sustainable Equity Fund and appointed George Crowdy who will co-manage the fund with RLAM head of sustainable investments, Mike Fox.

Crowdy joins RLAM following 10 years at Janus Henderson, where he was a member of its Global Sustainable Equity team. The new fund builds on RLAM’s existing sustainable fund range and will consist of a concentrated and active portfolio of 30 to 50 stocks. It will be measured against the MSCI ACWI Investable Market Index.

SimCorp has announced a partnership with New York based firm Alkmi to launch a new machine learning initiative.

Its arrival comes as institutional investors raise several data concerns, including the ability to quickly extract insights from unstructured data, for faster, more informed decision-making. Many investment firms are currently buckling under a number of operational constraints, including the burden of processing unstructured data or outsourcing it.

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