(Bloomberg) -- Many of the world’s biggest asset managers say they’re increasingly struggling with some of the rules guiding the $35 trillion market for environmental, social and governance investing.Much of the confusion revolves around defining the “S” in ESG.The guideposts are generally seen as confusing and this is “going to become a bigger issue going forward,” according to Rick Redding, chief executive of the New York-based Index Industry Association.He points to a survey by the IIA, which
Asset manager Schroders, the second biggest shareholder at John Laing, has backed private equity firm KKR's 2 billion pound ($2.84 billion) bid for the British infrastructure firm, calling it a "fair deal". "As a major shareholder in John Laing we believe management have secured a fair deal for all stakeholders," a Schroders spokesperson said in an email statement late on Thursday.
FirstGroup's second-biggest shareholder, Schroders, said on Thursday it planned to vote against the company's $4.6 billion sale of its North American bus businesses to private equity firm EQT, joining top investor Coast Capital in opposing the deal. The move comes after activist hedge fund Coast Capital asked other FirstGroup investors to vote against the proposed sale of the "crown jewel assets" unless the offer was improved.