Asset Managers – Page 196
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NewsIndependence is the future of asset management - Barclays
[17:00 CEST 12-06] GLOBAL – The independence of asset management firms will become increasingly important and will drive further consolidation over the long-term, according to Barclays’ senior executives.
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NewsBGI purchase makes BlackRock No.1
[10:50 CEST 12-06] GLOBAL – BlackRock has today secured the deal to buy Barclays Global Investors and its exchange-traded fund business iShares, making BlackRock the biggest asset manager in the world with over $2.7trn (€1.93trn) in assets under management.
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Northern Trust expands into pensions 'advisory'
[17:05 CEST 09-06] GLOBAL – Northern Trust has unveiled an additional service for pension funds and other clients which effectively sees it offer consultancy services to existing clients on asset, risk and regulatory management, but minus the manager selection element.
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BGI may be the exception in sale potential – M&A expert
[16:45 CEST 08-06] GLOBAL – The potential takeover of Barclays Global Investors (BGI) by rival passive management firm BlackRock has been hailed as one of the few asset management deals with the potential and value to be completed in the current economic climate, a merger and acquisitions specialist has suggested.
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APG Group appoints acting-CIO
[14:25 CEST 08-06] NETHERLANDS - Paul Spijkers, current chief investment officer at APG Asset Management, has been appointed in the interim to step into the CIO role left at the asset management group by Roderick Munsters.
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Pension assets may be used to back local gov’t fund
[16:55 CEST 05-06] UK - A mutual fund backed by UK local authority pension funds could exist in embryonic form by early next year which will invest in public works such as the latter stages of private finance initiatives (PFI) and public-private partnership (PPP) projects.
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NewsRobeco to move its PE team
[13:00 CEST 03-06] EUROPE - The €410m clean tech and sustainable private equity team at Robeco – the Dutch asset management division of Rabobank Group – is about to move from Rotterdam to Zurich, where it will join its fully-owned investment manager SAM.
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APG makes first IMQubator investment
[16:30 CEST 02-06] NETHERLANDS – IMQubator, an innovation project backed by asset manager APG, has selected its first investment target with an allocation of €25m, and bought into a start-up fund combining an absolute return strategy with a new take on sustainability.
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Danish fund looks east for pension gains
[17:05 CEST 01-06] IPE-QUEST - A Danish pension fund is looking to invest in actively-managed Asian equities via IPE-Quest.
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Madoff fraud cost Dutch pensions €166m
[15:00 CEST 29-05] NETHERLANDS - Dutch pension funds have lost €166m to the Ponzi scheme run by Bernard Madoff, Wouter Bos, the Dutch finance minister has claimed.
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NewsCzech funds return 1.59% in Q1
CZECH REPUBLIC – Six out of ten Czech pension funds generated a return of more than 1% in the first quarter of 2009, according to the most recent data published by the Czech pension fund association APF.
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BNP Paribas takes over ETFs joint venture
[16:00 CEST 28-05] GLOBAL - AXA Investment Managers has transferred the operational management of the remaining 22 ETFs in the EasyETF range to BNP Paribas Asset Management.
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Mn farms a fresh fiduciary contract
[16:45 CEST 27-05] NETHERLANDS – Mn Services has been appointed to act as the fiduciary asset manager and strategic adviser to Pensioenfonds Productschappen, the €365m pension fund for the Dutch commodity boards.
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FRR seeks real estate and transition managers
[17:00 CEST 27-05] FRANCE – The Fonds de Réserve pour les Retraites (FRR), the French pension reserve fund, has launched a search for four investment managers to run transition and real estate portfolios for the €26bn fund.
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NewsAustrian pensions system 'riskiest' by comparison
[16:35 CEST 26-05] AUSTRIA – A study of defined contributions pensions regimes in Europe suggests beneficiaries of the Austrian second pillar alone bear almost the full risk of the capital market, according to pension expert Gerald Klec.
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Investment ‘bleeding’ has stopped, claims EFAMA
EUROPE - Ucits collective investment schemes saw net inflows of €22bn for the opening three months of 2009, in marked contrast to net outflows recorded for the previous six quarters since the credit crisis began.
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AP6 acquires bankrupt iron foundry
[17:00 CEST 21-05] SWEDEN – Sjätte AP-fonden (AP6) has confirmed it has acquired Arvika Gjuteri, an iron foundry, after the firm was declared bankrupt last week.
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NewsIMA wants effective shareholder engagement
[16:55 CEST 21-05] UK – The number of fund managers making their voting records public increased from just two in 2003 to 24 five years later, so the UK's Investment Management Association (IMA) has revealed amid calls for more effective engagement.
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Pressures to force active manager reforms - WW
[16:20 CEST 18-05] GLOBAL – Increasing pressure on profitability and the drive by investors for improved fee terms will force active management fund houses to rethink their structures, fund ranges and company sizes to stay afloat, claims Watson Wyatt.
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PPF diversifies investment portfolio
[17:25 CEST 11-05] UK – The Pension Protection Fund (PPF) is diversifying its investment strategy to include three new portfolios including global tactical asset allocation (GTAA).
