26 August 2022

2022 - 8 - 26

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Image courtesy of "Fund Selector Asia"

The FSA Spy market buzz –26 August 2022 - Fund Selector Asia (Fund Selector Asia)

Blue Owl hires, Perpetual wants to merge, Texas goes badass on ESG managers, The Hong Kong Exodus rolls on, Uranium jumps; Active vs Active, Side hustles ...

We live in the era of the ‘side hustle’, what our grandparents used to call ‘moonlighting’. Investors may love an index but the allure of active fund managers “beating the market” still holds appeal to wealth managers and investors. It seems the exodus from Hong Kong is not slowing down. Japan has decided that despite the Fukushima disaster, it has no choice but to continue to invest in nuclear energy. Each team member was employed elsewhere, full time, and collectively they had deceived management that they were “out on the road” selling deals. France, traditionally uses nuclear power and in the dying days of British Prime Minister Boris Johnson’s term in office, he has signed off another nuclear power station in the UK. The State of Texas passed a law last year that, in essence, wants state pensions and school funds to shun asset managers and banks who care about ESG. The data may suggest that few active managers outperform over the long-term, but investors seem perpetually excited to let them have a go over the short-term at least. Expect a lot of back and forth as asset managers and banks defend their active investment in oil to Texas, whilst simultaneously telling the vocal ESG lobby elsewhere that they also care about the world and are promoting green energy. With no oil of its own, being beholden to the global oil price has its drawbacks when you are a major industrial nation. The combined entity will result in a manager with assets under management of more than A$200bn. And boom, just like that, the culture wars arrive in asset management.

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Image courtesy of "ReliefWeb"

Afghanistan: Earthquake Response Situation Report No. 3 (26 ... (ReliefWeb)

Situation Report in English on Afghanistan about Coordination, Education, Earthquake and more; published on 26 Aug 2022 by OCHA.

In total, around 100,000 people (14,000 families) have been identified as in need of humanitarian assistance. This figure reflects the initial estimated number of people living in high intensity impact areas, and a “no regrets” approach taken in the initial phase of the response. To date, around 376,000 people have been reached with at least one form of assistance, including 124,000 with food and agricultural support; 93,000 with emergency shelter and non-food Items (NFIs); 66,000 with protection; and 90,000 with multi-purpose cash assistance (MPCA).

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Image courtesy of "Al Hakam"

Al Hakam - 26 August 2022 - Al Hakam (Al Hakam)

Al Hakam is a weekly English newspaper for members of the Ahmadiyya Muslim Jamaat around the world. Its aim is to provide Ahmadis with content regarding the ...

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WFP Democratic Republic of the Congo June Situation Report #39 ... (ReliefWeb)

WFP Director of Emergencies mission: Between 20 and 21 July, WFP Director of Emergencies, Margot van der Velden, and WFP DRC Country Director, Peter Musoko, ...

The DRC Government is reassessing MONUSCO’s withdrawal plan and intends to accelerate its exit before 2024. On 28 July, the Government of the Democratic Republic of Congo (DRC) issued a statement asking Mathias Gillmann, the spokesman of MONUSCO, to leave the country. They met with internally displaced people’s committees and co-operating partners, and discussed implementation challenges with local government authorities and other humanitarian actors under the coordination of OCHA.

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GIEWS Country Brief: South Africa (26-August-2022) - South Africa (ReliefWeb)

News and Press Release in English on South Africa about Agriculture, Food and Nutrition, Drought, Flood and more; published on 26 Aug 2022 by FAO.

The annual food inflation rate was estimated at 9 percent in July 2022, up from 7 percent in July 2021. Despite the lower total export forecast in 2022/23, the average weekly pace of exports is quicker than the rate in the previous year. Wholesale prices of maize and wheat eased in recent weeks following the record and near-record highs reached in May. However, moderate rainfall deficits since the start of the planting in May in Western Cape, the largest wheat-producing province, may curb yields relative to the current good prospects. Harvesting of the 2022 summer coarse grain crops concluded in July, while winter wheat and barley crops are expected to be harvested from October onwards. Yields declined marginally compared to the average, which in part reflects the adverse effects of excessive rains during the early stages of the cropping season; weather conditions in the subsequent months were generally conducive for crops.

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