Hawksmoor 'temporarily' suspends Sustainable World services for new clients in wait for SDR clarity

Extension to portfolio management pending

Cristian Angeloni
clock • 2 min read

Hawksmoor Investment Management has “temporarily” suspended its Sustainable World services to new clients of its model portfolio and discretionary portfolio management services.

In a letter to investors seen by Investment Week, the firm said that the decision was in the "best interests" of clients, following the introduction of the Sustainability Disclosure Requirements and the Financial Conduct Authority's proposals to extend the rules to portfolio managers. Although Hawksmoor noted the move will not impact existing clients, the firm said guidance on the approach to dealing with these clients "will follow in due course". The firm has also reached out to third-party platforms to suspend the availability of the Sustainable World model portfolios "as soon as pr...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Hargreaves Lansdown unveils active Global Equity Income fund

Hargreaves Lansdown unveils active Global Equity Income fund

Partnered with Aegon, Baillie Gifford and JP Morgan

Linus Uhlig
clock 10 October 2024 • 1 min read
Hamilton Lane unveils global private infrastructure fund for wealth market

Hamilton Lane unveils global private infrastructure fund for wealth market

Sits on Evergreen platform

Beth Brearley
clock 08 October 2024 • 1 min read
Savvides takes over £1bn smaller mandate from Whitmore as investors flee funds

Savvides takes over £1bn smaller mandate from Whitmore as investors flee funds

AUM on both funds has dropped sharply

Eve Maddock-Jones
clock 08 October 2024 • 4 min read
Trustpilot