Asset Managers – Page 181
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NewsPension funds in Henderson legal dispute revealed
UK – The dispute between a group of 30 pension funds and Henderson Global Investors over the management of two of its PFI funds has shifted up a gear as some of the biggest names in the UK pensions industry were named as being party to the case.
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NewsStakes raised in Henderson PFI dispute as legal advisers sacked
UK – The stakes in the legal dispute between Henderson Global Investors and a group of 30 pension funds have been raised on news that Henderson has replaced its legal advisers, CMS Cameron McKenna, with Clifford Chance.
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Henderson faces lawsuit from 30 pension funds
UK – A group of 30 pension funds is threatening to sue Henderson Group, if it fails to pay substantial compensation for losses incurred by an infrastructure fund, which they claim was promoted as a low risk investment.
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NewsAberdeen touts emerging market debt despite lack of research
GLOBAL – Pension funds should not wait for emerging market debt to become more researched and re-valued, but look to invest now that yield spreads are still attractive, according to Aberdeen.
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Cardano's fiduciary management portfolios outperform by 15%
UK – Cardano’s £4bn solvency management portfolios outperformed traditional investment approaches by around 15% over the two years to 30 June, while reducing portfolio risk at the same time, the company said.
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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.
