Asset Managers – Page 176
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News
Hedge funds outperform S&P 500 over three years
EUROPE – The majority of hedge funds delivered better returns than the S&P 500 index over a three-year period, according to latest figures by EDHEC Business School.
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NewsNordic funds top chart in Swedish premium pension system for 2010
SWEDEN – Nordic fund managers took all five top spots in the performance chart of best performing funds within the premium pension system in Sweden, with assets of SEK408bn (€45bn).
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German roundup: Master KAGs, Telos, BVI, second pillar
GERMANY – The business for Master KAGs in Germany is growing, but the market is already saturated, according to research and rating company Telos.
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News'Misled' investors file class action against Fortis
GLOBAL – A new foundation, Investor Claims against Fortis, has started legal proceedings in the Netherlands against the former bancassurer Fortis for "misleading investors", which it claims led to combined losses of €2bn.
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News
AGI warns on German Bunds
EUROPE – Allianz Global Investors (AGI) has cautioned against exposure to German Bunds, arguing that the European Union’s bailout package means the country will further lose its status as a investment safe haven.
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NewsUK DB funds will post 13% returns for 2010, says State Street
UK – Defined benefit schemes returned around 13% in 2010, with the equity market largely contributing to this recovery, according to State Street.
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News
Mn Services wins £450m fiduciary management mandate in UK
UK – The €69bn asset manager Mn Services has been awarded a fiduciary management mandate in the UK, worth £450m (€523m).
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News
Two-thirds of ETF assets held in top 100 vehicles, says BlackRock as US breaks $1trn
GLOBAL – Almost two-thirds of all assets in exchange-traded funds (ETFs) are held in the 100 biggest vehicles, new data by BlackRock has revealed.
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NewsNEST to tender SRI mandate, confirms ethical investment option
UK – The National Employment Savings Trust (NEST) is tendering for a global equity socially-responsible investment (SRI) manager after confirming members will be offered an SRI fund as one of several investment options.
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NewsUK PPF appoints LaSalle, CB Richard Ellis to global real estate mandates
UK – The UK Pension Protection Fund (PPF) has appointed La Salle Investment Management and CBRE Investors to develop its global real estate strategy.
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NewsPGGM appointed by Dutch culture fund, buys former provider
NETHERLANDS – The €400m pension fund for workers in the arts and culture sector, Pensioenfonds Cultuur, has appointed PGGM as its pension provider.
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NewsGartmore in speculation on Henderson bid
UK – The share price of investment manager Gartmore this morning slumped 9.3% from its Friday close following speculation that Henderson Global Investors would bid 95p per share to acquire the beleaguered manager before the end of the year.
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NewsF&C chairman criticises Sherborne attempt to oust him
UK – F&C Investments is facing a shareholder revolt to oust its chairman and one of its non-executive directors, according to reports.
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News
Pimco allows equity investments in shake up of Total Return bond fund
GLOBAL – Pimco’s US$ 250bn (€160bn) Total Return fund, the world’s largest bond fund, has expanded its investment remit to include up to 10% of its total assets in preferred stock, convertible securities and other equity-related securities.
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NewsMn Services to sue RBS in UK over sub-prime losses
EUROPE – The €69bn Dutch asset manager and pensions provider Mn Services says it will file a lawsuit against the Royal Bank of Scotland (RBS) for damages in wake of the sub-prime montage crash.
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NewsEuropean investors looking to raise absolute return allocation
GLOBAL – Almost 90% of European investors are looking to increase their allocation to absolute return strategies over the next three years, according to a survey by Aviva Investors.
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NewsUK roundup: Barclays UK Retirement Fund, CBI, Ofgem, Babcock, Aon Hewitt
UK – The £18.2bn (€21.6bn) Barclays UK Retirement Fund's internal investment team has been renamed Oak Pensions Asset Management (OPAM) to give them more flexibility to execute investment decisions.
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NewsEDHEC survey shows modest but growing use of ETFs by pension funds
EUROPE – European pension funds remain modest users of ETFs, but their participation is growing.
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News
ABN AMRO wins IPE's top European pension fund award
IPE AWARDS – The Netherlands' ABN AMRO Pension Fund was the big winner at the tenth annual IPE Awards in Monaco, scooping up the gold prize for Best European Pension Fund and the silver prize for Best Corporate Pension Fund.
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NewsRothschild's Hengster to 'bring equities back' to German portfolios
GERMANY – Rupert Hengster, head of the new German branch of Edmond de Rothschild Asset Management, wants to bring equities back into the portfolios of occupational pension providers.
