Edinburgh-based investment management fund Aubrey Capital Management has announced that its European Conviction Fund is now available for investors in Italy.

The fund, managed by Aubrey founder and director Sharon Bentley-Hamlyn, invests in securities listed on Western or Emerging European exchanges. This is a high conviction strategy to achieve long-term capital growth with a focus on cash generative growth stocks.

Furthermore, its objective is to generate significant long-term returns by investing in European companies that create a positive impact.

HSBC Asset Management has introduced a circular economy-focused fund that aligns with the UN sustainable development goals.

Called HGIF Global Equity Circular Economy, the fund complies with Article 9 of Europe’s Sustainable Finance Disclosure Regulation (SFDR).

It will invest in around 60 firms that are facilitating transition to a circular economy across the globe.

Firms working in various sectors including recycling, restoring natural systems as well as designing out waste and pollution will also receive investment.

HSBC Asset Management noted that it will not follow fixed allocations norms as well as region, sub-sectors or stages of the company while distributing the fund.

In addition, the new fund will invest in both wholesale and institutional investors. High-net-worth individuals, family offices and private banks will also be targeted.

It will be jointly managed by the firm’s portfolio manager and head of climate equity Benedicte Mougeot and co-portfolio manager Francois Travaille.

Jacobi, a US-based investment technology company, has secured an investment of $10m in its Series A funding round.

The round was led by Queensland Investment Corporation (QIC), which joins Jacobi’s current investors including Silicon Valley venture capital firms, Illuminate Venture Partners, 8VC and Western Technology Investment (WTI).

Following the fundraising, Crystal Russell from QIC and Bill Miller of Makena Capital will join the Jacobi board.

Credit Suisse Group has agreed to a $32.5m preliminary settlement to end a lawsuit that accused the bank of deceiving shareholders over risky investments in collapsed firms like Archegos Capital Management and Greensill Capital, reported Reuters.

The settlement of the planned class action lawsuit was filed with the US District Court in Manhattan and is subject to approval from a judge.

The lawsuit accused the Swiss bank of getting involved in a high-finance game of Russian roulette through hedge funds and other major clients.

Although the bank has promised to manage its risk limits as well as risk error and credit exposure, it allowed its clients to make precarious, multi-billion-dollar bets with its credit, alleged the lawsuit.

It was also alleged that the laissez-faire practice followed by Credit Suisse has resulted in a loss of at least $5.5bn, which comprises figures from the collapses of Archegos and Greensill Capital.

Credit Suisse dismissed the allegation but agreed to settle the case.

The collapse of Archegos caused nearly $10bn of losses at banks and eliminated over $100bn of shareholder value.

The newly agreed settlement covers investors who bought Credit Suisse ADR between 29 October 2020 and 31 March 2021.

Wealth management firm Stanhope Capital Group has made further moves into Switzerland.

The group has hired Laurent Mazens as CEO of Stanhope Capital (Switzerland) SA, managing the side along with Karim Bertoni, managing director and CIO. As a pair, they aim to lead the group’s expansion in Switzerland, where Stanhope has operated for 15 years.

Mazens was formerly CEO of an independent wealth manager in Geneva. Previously, he held senior roles at Société Générale Private Bank, UBS, and Credit Suisse.