Asset Managers – Page 205
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News
Watson Wyatt recommends funds stop lending
[16:20 CET 27-11] UK – The Lehman Brothers' collapse and the subsequent turbulence has shown the risk/reward trade-off around securities lending may no longer be worthwhile for pension funds, Watson Wyatt has warned.
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Investor seeks corporate debt manager
[17:10 CET 26-11] EUROPE – A continental European investment company is looking for a manager to manage a global developed markets corporate debt mandate worth $50m (€38.6m), using IPE Quest.
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Track record 'meaningless' as half of bets go sour
[16:50 CET 26-11] GLOBAL – The concept of following a fund manager’s track record as a measure of performance is meaningless, as fund managers typically get only half of their decisions right, research suggests.
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SSGA beefs up European equity team
[17:00 CET 24-11] EUROPE - State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, has poached two fund managers from rivals BGI and Axa Rosenberg in a bid to boost its European equities team.
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NewsOutperforming active managers 'difficult to find'
[11:40 CET 21-11] EUROPE – Selecting active managers who outperform on a constant basis has proven difficult for pension funds, a panel of pension experts has argued at a seminar of the annual IPE Awards.
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NewsComplex products need transparency to survive
[11:35 CET 21-11] EUROPE - The credit crisis will not signal the end of complex products but there will be a reversion by some investors to "dull and boring products", delegates at the IPE awards have been told.
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NewsCall for pension sea change
[11:30 CET 21-11] EUROPE - Pension funds, asset managers and consultants need to completely change the way they are working together to ensure the future of pension provision but not through new outside regulation, Amin Rajan, CEO of Create-Research, told delegates at the IPE seminar in Barcelona yesterday.
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NewsManagers urge funds 'ask questions'
[16:10 CET 20-11] IPE SEMINAR – Asset managers say pension funds should ask a lot of questions on managers’ approaches and general market assumptions in times of crisis, in order to make the right investment decision.
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NewsING IM snaps up Altis (amended)
[15:30 CET 20-11] SWITZERLAND/ NETHERLANDS – Altis Investment Management, the Swiss-based multi-manager affiliated to Cardano, has been bought by ING Investment Management.
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News
Lehman alternative beta team goes it alone
[16:00 CET 19-11] FRANCE – The team responsible for Lehman Brothers’ Asset Managment’s anti-benchmarking methodology for pension funds today said it would continue as an independent organisation after a full management buyout (MBO).
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News
Waltham Forest seeks permanent investment adviser
[16:55 CET 18-11] UK – The London Borough of Waltham Forest is seeking an investment adviser to help develop a strategy for its £444.1m (€528.2m) pension fund.
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PGGM mulls third pillar fund
[16:55 CET 18-11] NETHERLANDS – PGGM, the newly-separated pension provider of Dutch pension fund PFZW, is considering launching a new investment fund for its members.
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News
401(k) model could up pensions by 30%
[16:25 CET 18-11] UK - The Pension Policy Institute (PPI) has claimed introducing early access to pension savings on a ‘loans and withdrawals’ model similar to the US 401(k) could increase the aggregate size of pension funds by 30% by 2050.
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News
Putnam to fix 'leaky' equities bucket
[16:10 CET 18-11] GLOBAL – Boston-based fund manager Putnam Investments wants to fix its weak spot of continued outflows with a broad fund shake-up under new chief executive Robert Reynolds.
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News
Capital International rethinks strategy
[16:25 CET 17-11] UK - Capital International, the UK arm of reclusive US-based asset manager Capital Group, says it is rethinking its strategy as its traditional defined benefit pension fund business reaches maturity.
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News
HSBC asset mgmt executive 'facing murder charge'
[16:00 CET 17-11] UK - Neil Ellerbeck, chief investment officer for liquidity at HSBC Asset Management, was due in court today accused of murdering his wife, according to press reports.
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Dufas launches fiduciary management principles
[15:45 CET 17-11] NETHERLANDS – Dufas, the Dutch Fund and Asset Management Association (Dufas), has published a check list for good practice in fiduciary management of pension funds.
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News
TBLI Conference: governance failure to blame
[15:40 CET 17-11] GLOBAL – A failure of governance is to blame for the current credit crisis, delegates at this year’s Triple Bottom Line Investing (TBLI) conference in Amsterdam heard
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News
Scandinavian fund seeks equity manager
[16:45 CET 14-11] SCANDINAVIA – A Scandinavian industry-wide pension fund is seeking a manager for a $100m (€79m) Japanese equity mandate, using IPE Quest.
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NewsAPG to sponsor asset management start-ups
[16:00 CET 13-11] NETHERLANDS – APG, the newly separated asset manager of giant Dutch pension fund ABP, has said it is considering putting cash into a new fund for start-up asset managers.
