Asset Managers – Page 179
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NewsMajedie Investments unveils global equity boutique
UK – Majedie Investments has launched an asset management subsidiary, Javelin Capital, backed by launch capital of £4.5m.
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NewsWestLB sells asset manager Banque d'Orsay to France's Oddo & Cie
GLOBAL – German bank WestLB has sold asset manager and private bank Banque d’Orsay to French asset manager Oddo & Cie.
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NewsHorizon21 spin-off Twelve Capital to launch ILS funds
SWITZERLAND – Twelve Capital, an insurance-related investment boutique, has completed its spin-off from alternative investment manager Horizon21.
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NewsÅström, Otterud join forces to found Custor Capital
GLOBAL – Real estate fund-of-funds pioneers Anders Åström and Tomas Otterud have teamed up with former AP1 CIO Bo Ljunglöf to establish an independent investment firm targeting institutional investors.
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NewsUK roundup: F&C, Thames River, Barnett Waddingham, Hargreaves Lansdown
UK – F&C Asset Management has announced it expects to complete its acquisition of Thames River Capital by the beginning of next month, after it was given authorisation by the Financial Services Authority.
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NewsDutch consultants scheme hires BlackRock, APG
NETHERLANDS – The €5bn occupational pension fund for Dutch medical consultants (SPMS) has appointed BlackRock as fiduciary asset manager and APG as pensions provider.
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NewsAP7 hires Amundi, Axa for alpha mandates
SWEDEN – The SEK92.2bn (€9.5bn) AP7 fund, one of the Swedish national buffer funds, has hired Amundi and Axa to manage two of its Alpha portfolios.
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NewsTender roundup: Norfolk, Wandsworth Borough, Deloitte
UK – The £1.5bn (€1.6bn) Norfolk Pension Fund is tendering for investment managers for several global equity mandates worth as much as £400,000.
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NewsAegon awarded £300m mandate by Molins pension fund
UK – Aegon Asset Management has been awarded a £300m (€363m) mandate by the Molins UK Pension Fund, covering the retirement scheme's entire value.
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NewsAIMA: AIFM directive could damage German Spezialfonds
EUROPE – Andrew Baker, chief executive of the Alternative Investment Management Association (AIMA), has warned that the European Union's Alternative Investment Fund Manager (AIFM) directive risks damaging hedge funds and German Spezialfonds if not carefully drafted.
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NewsSurvey shows investors warming to Europe
EUROPE – Growing optimism about the health of European banks has boosted investor confidence in the region, according to the latest BofA Merrill Lynch fund manager survey.
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NewsInvestment management firm completes buyout from Deutsche Asset Management
GLOBAL – QS Investors, formerly part of Deutsche Asset Management (DeAM), was recently launched as an independent investment management and advisory firm following a management buyout.
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NewsUBS unlikely to change mind on possible lawsuit, Actares says
SWITZERLAND – Shareholder lobby group Actares is "not very optimistic" UBS has changed its mind regarding the planned court case against former members of the Swiss bank's board.
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NewsAggressive strategy helps Russian manager outstrip inflation
RUSSIA – Troika Dialog Asset Management has reported returns of 20.87% since the start of 2010, outperforming inflation rates of 4.4%.
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NewsGermany sees launch of biggest fund of fund since Lehman collapse
GERMANY – LGT Capital Partners and Solutio have launched Germany's biggest private equity fund of fund since the collapse of Lehman Brothers.
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NewsWiltshire LGPS drops Baillie Gifford after change in investment strategy
UK – Baillie Gifford has lost control of a £160m (€191m) UK equity brief following a change of strategy at a UK local authority pension scheme.
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NewsLincolnshire scheme invests £74m in Goodhart's Total Return fund
UK – The £1bn Lincolnshire Pension Fund has invested £74m in Goodhart Partners' Target Return fund.
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Managers for Irish pension funds rally in July, return 4.2%
IRELAND – Pension funds in Ireland saw their fortunes improve last month, as the market stabilised and the average managed fund began seeing year-to-date returns of 4.2%.
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NewsLuxembourg Fund Partners to launch high-tech fund for CEE region
EUROPE – Luxembourg Fund Partners is set to launch a fund focusing on high-tech real estate in central and eastern Europe (CEE).
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UCITS inflows swell to €49bn in first quarter: EFAMA
EUROPE – Investment poured back into UCITS funds in the first quarter, surging to more than €49bn against just €1bn in the fourth quarter of 2009, according to the European Fund and Asset Management Association (EFAMA).
