Asset Managers – Page 192
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News
Asset managers must 'kill sacred cows' – McKinsey
[15:00 CET 13-11] EUROPE – Asset managers were saved by institutional inflows during the crisis but in order to survive it they will have to restructure their businesses, management consulting firm McKinsey & Company says.
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NewsAPG calls on EC to temporarily withdraw AIFM
[16:00 CET 12-11] EUROPE – APG has called on the European Commission to temporarily withdraw its proposals on the draft directive on Alternative Investment Fund Managers (AIFM) in light of the large number of expected amendments and to produce a "more balanced proposal by the summer".
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State Street ups fund to fight investor claims
[14:00 CET 09-11] GLOBAL – State Street has increased the battle fund it set aside in November 2007 to cover potential legal claims regarding its fixed income investment strategies, which were alleged to have exposed institutional investors to sub-prime mortgages.
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PIMCO put on watch as PPF's LDI strategy drives return
[17:05 CET 06-11] UK – The UK Pension Protection Fund (PPF) reported a return of 13.4% in the year to March 2009, although this was primarily driven by the success of its swap portfolio overlay.
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Lambeth tenders bulk of pension in strategy overhaul
[16:45 CET 06-11] UK – The London Borough of Lambeth is tendering seven investment mandates for its £700m (€781m) pension fund as it has overhauled its strategy to include new investment classes such as fund of hedge funds and active currency.
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AP7 to launch new products following overhaul
[16:30 CET 04-11] SWEDEN - The Seventh Swedish National Pension Fund (AP7) will take a new shape after May 2010 and management is currently ironing out details for the launch of its new equity and fixed-income funds.
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UK roundup: Environment Agency, Leeds University, City of London
[15:00 CET 04-11] UK – The Environment Agency's £1.4bn (€1.6bn) Active Pension Fund has extended a global equity mandate. The University of Leeds is seeking a property manager for its non-USS pension scheme, and the City of London is searching for investment consultants.
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Robeco performance sparks Rabo pension review
[16:45 CEST 30-10] NETHERLANDS - The €11.4bn Rabobank pension fund has decided to divide its equity portfolio across several managers, following disappointing performance from Robeco.
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NewsING IM announces new CEO
[16:55 CEST 29-10] GLOBAL - Gilbert Van Hassel has been named as global chief executive of ING Investment Management, just days after it was announced the division is to be spun off as a separate company.
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NewsAP6 signals shift in investment strategy
[16:30 CEST 29-10] SWEDEN - Sjätte AP-fonden (AP6), the Sixth Swedish National Pension Fund, has signalled a change of strategy going forward away from investment in "young growth companies".
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UK minister calls on P8 to invest in low carbon services
[14:00 CEST 29-10] UK/GLOBAL – The 'P8 Group' of public pension funds has been urged by the UK government to cooperate with governments and development banks to help finance low carbon infrastructure and technologies.
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News
Tories to push for ethical fund in personal accounts
[12:00 CEST 29-10] UK - Shadow pensions minister Nigel Waterson has called for the creation of an ethical fund as part of the proposed personal accounts pension system.
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NewsUK roundup: Havering, East Sussex, Lincolnshire
[16:30 CEST 28-10] UK – The London Borough of Havering has issued a tender for a multi-asset absolute return bond manager to run around 5% of the fund, alongside a search for a passive equities manager. East Sussex Council is seeking a provider of a corporate governance overlay service for ...
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Mandates and incentives drive climate-conscious investors
[14:00 CEST 27-10] GLOBAL - Investors are currently driven by on-the-ground mandates and incentives when it comes to climate change investments, according to research published by Deutsche Bank’s Asset Management’s (DeAM) division.
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News
ING to divest investment management
[16:15 CET 26-10] NETHERLANDS - ING will split its banking and insurance businesses and divest all of its asset management operation within four years.
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News
CAAM and SocGen AM to become Amundi
[16:00 CEST 23-10] FRANCE - Crédit Agricole and Société Générale today announced Amundi as the name for their soon to be merged asset management arms.
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WW favours PPP over 'high fee' core infrastructure
[16:40 CEST 21-10] UK – Consultancy firm Watson Wyatt has warned high fees on core infrastructure funds are not providing a fair deal for investors and suggested they will be of "little interest" to long-term institutional investors unless they adopt more attractive fee packages.
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AP1-4 target global voting service for joint project
[16:40 CEST 20-10] SWEDEN – The first four Swedish National Pension buffer funds (AP1-4) are seeking a provider of a global voting service to assist its move into voting on more specific stocks.
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News
UNJSPF grows by €2.7bn in Q3
[16:30 CEST 20-10] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) has reported further growth in the third quarter of 2009 as invesments delivered a return of 12.3%.
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News
UK mandates update: Leicestershire seeks active managers
[15:45 CEST 20-10] UK – Leicestershire County Council is looking to hire three investment managers for its £1.9bn (€2.1bn) local government pension scheme (LGPS).
