Asset Managers – Page 180
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NewsDenmark seeks to allay competition concerns by reining in ATP powers
Proposed legislation allowing pensions giant to run banking, credit and insurance operations will now include restrictions to satisfy competition concerns.
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NewsF&C ousts chairman, replaces him with activist shareholder
Decision to remove MacAndrew was carried with 65% of shareholders, while 70% voted to replace him with Bramson.
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NewsUK asset manager Northern Trust expands into Benelux region
Company to expand business for institutional investors, pending approval from Dutch, UK regulators.
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NewsUniversity hospital workers to drop Dutch giant ABP for PFZW
Approximately 65,000 workers in university hospitals to switch from €237bn civil service scheme ABP to €99.5bn healthcare pension fund PFZW for "practical reasons".
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NewsATP to bring low-cost pension scheme to UK market
Danish provider could launch business by year-end and may handle asset management internally.
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NewsSovereign wealth funds shift from active to passive in wake of crisis, says State Street
Sovereign wealth funds modify investment strategy, opting for passive by default, says the asset manager.
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NewsEmerging markets, growth and income next for PIMCO equities
US fixed income giant to hire team for global growth and global income equities.
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NewsAPG, PGGM to sell AlpInvest to management, Carlyle Group
Dutch asset managers APG and PGGM will sell their joint €32bn private equity vehicle AlpInvest to a joint venture between its management and the €98bn alternatives asset manager Carlyle Group.
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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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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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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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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.
