Asset Managers – Page 185
-
NewsMan Group enters long-only market with GLG acquisition
UK – Hedge fund manager Man Group has acquired GLG Partners in a transaction valued at $1.6bn (€1.3bn) that will give Man Group its first access to the long-only market.
-
News
UWV scheme eyes Allianz GI as co-ordinating manager
NETHERLANDS - The €3.8bn pension fund of the Dutch employment and benefits agency UWV says it intends to conclude a risk and asset management contract with Allianz Global Investors (AGI). The deal falls short of a full fiduciary mandate.
-
NewsEU Parliament postpones AIFM vote
EUROPE – The Economic and Monetary Affairs Committee (ECON) has agreed to postpone a vote on the Alternative Investment Fund Managers (AIFM) Directive for one week to allow time to consider legal opinions.
-
News
GE Pension Trust’s active commodities strategy unlocked
GLOBAL - An actively managed commodities strategy run for the General Electric Pension Trust in the US has been made available to other institutional investors.
-
News
Dutch funds too dependent on individual players – Avida
NETHERLANDS - Pension funds are often too dependent on one dominant adviser or asset manager, whose interests are rarely aligned, according to Avida International.
-
News
JURI votes unanimously in favour of AIFM amendments
EUROPE – The European Parliament’s Legal Affairs Committee, otherwise known as JURI, has voted unanimously in favour of proposed amendments to the EU’s controversial Alternative Investment Fund Managers (AIFM) Directive.
-
News
PGGM to increase direct engagement projects
NETHERLANDS – PGGM, the €90.8bn pension asset manager for the care and welfare sector, intends to increase its direct engagement with companies despite initiating more than 80 direct engagement projects on environmental, social and governance (ESG) factors in 2009.
-
News
Barclays targets EU investors with volatility ETNs
EUROPE – Pension funds and other institutional investors are being targeted by Barclays Bank, with the European launch of 12 exchange traded notes (ETNs) including three based on volatility, of which one specifically uses a European index that could be useful in relation to Solvency II.
-
News
BlackRock figures highlight move to passive strategies
GLOBAL – BlackRock has reported net outflows by institutional investors of $39.6bn (€29.9bn) and inflows of $8.9bn, as the global equity rally and tightening credit spreads have caused investors to reconsider investment strategies and shift from active to passive investments.
-
News
UK roundup: F&C, JP Morgan custody, GKN, DB closures
UK – F&C Asset Management has announced plans to acquire specialist investment firm Thames River Capital, while JP Morgan Worldwide Securities Services has been awarded two custody mandates.
-
News
JURI to vote on AIFM amendments
EUROPE - Further changes to the EU’s Alternative Investment Fund Managers (AIFM) Directive are today being aired in Brussels by the Legal Affairs Committee in the European Parliament.
-
News
Manager search activity surged in 2009
EUROPE – Institutional investors in Europe regained their confidence in 2009, as global investment manager search activity increased by almost a quarter over 2008 levels, according to Mercer.
-
NewsSSgA streamlining offloads Swiss bond business
SWITZERLAND – State Street Global Advisors (SSgA) has signed an agreement transferring its Swiss institutional fixed income business to banking group SYZ & Co as part of its review of its European business operations.
-
NewsRobeco to refocus its energies on pensions
NETHERLANDS - Pure play asset manager Robeco plans to increase its focus on the pensions industry from approximately 50% of current institutional investor business to 60% within the next five years, but will scale back its attention on UK and Italian business.
-
News
Crastes is among senior staff to leave Amundi London
FRANCE/UK – Bruno Crastes, the CEO of Amundi UK, and two other key London managers have resigned their posts at the asset manager created through the merger of Credit Agricole Asset Management and Société Générale.
-
News
SPMS considers APG and BlackRock as new providers
NETHERLANDS - The €5bn pension fund for Dutch medical consultants, SPMS, is planning to swap its present pension provider and asset manager Doctors Pension Funds Services (DPFS) for two larger players.
-
News
LD Invest is upbeat despite €5.2bn LD Pension tender
DENMARK - Henrik Parkhøi, managing director at the DKK67bn (€9bn) Copenhagen-based asset manager LD Invest, remains bullish about his firm’s prospects even though more than 55% of its assets under management are under threat following a call for tenders by LD Pension, its biggest client and majority shareholder.
-
News
Fund managers hope to taste Goldilocks scenario
GLOBAL - Signs of a Goldilocks scenario were promised today for Europe by a monthly survey of fund managers, despite a third of respondents stating they remained underweight the eurozone for the second consecutive month.
-
News
USS assigns managed account ahead of new strategy focus
UK – The £29bn (€32.9bn) Universities Superannuation Scheme (USS) has awarded a hedge fund-related $1bn (€740m) advisory managed account (MAC) mandate to Man Group.
-
News
Hermes GPE private equity arm eyes mid-size pensions
UK – Hermes Fund Managers Limited and Gartmore Investment Management Limited have combined their private equity fund of fund businesses into a new company Hermes GPE LLP, which will have strong focus on responsible investing.
