Asset Managers – Page 205
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News
Beware of negative hedging impact – ex-AFM director
[17:10 CEST 07-10] NETHERLANDS – Risk managers are not sufficiently aware that hedging strategies could increase the overall risk of pension funds in current market conditions, the former director of the Netherlands Authority of the Financial Markets (AFM) has warned.
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Isle of Wight overhauls fund management
[16:40 CEST 07-10] UK – The £258m (€332m) Isle of Wight pension fund is seeking five new investment managers for a range of contracts including property, bonds and equities.
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Danish fund to invest in inflation-linked bonds
[16:)) CEST 06-10] DENMARK – A Danish pension fund is looking for managers to manage a $200m (€147m) global inflation-linked bonds mandate, using IPE-Quest.
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BNP Paribas takes on Fortis Investments (Update I)
[14:15 CEST 06-10] EUROPE – French bank BNP Paribas has acquired Belgo-Dutch bancassurance group Fortis’ investments business in a deal dubbed a "quantum leap" for the bank's asset management.
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Ballangen municipality seeks pension provider
[17:15 CEST 03-10] NORWAY – Ballangen kommune in Norway is seeking a provider to run the occupational pension scheme for the municipality.
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Camden to consolidate custody services
[17:20 CEST 03-10] UK – Camden County Council is seeking a global custodian for its £730m (€927m) local authority pension fund as part of its restructuring process.
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IAM expands onto the continent
[17:00 CEST 02-10] SWEDEN – International Asset Management (IAM), the fund of hedge fund manager previously owned by ABN Amro Asset Management, has opened a branch in Stockholm – its first office in continental Europe.
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Ping An and Fortis: the deal is off
[15:15 CEST 01-10] NETHERLANDS/ BELGIUM – Partially-nationalised bancassurer Fortis has announced the €2.15bn deal to sell half of its asset management business to Chinese insurer Ping An is unlikely to be completed.
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Fortis' Artemis sees management buyout as 'option'
[13:00 CEST 01-10] UK – London-based investment manager Artemis Asset Management today said a buyout by its management could be an option for the future of the company, after Fortis announced it has increased its equity interest to become the sole shareholder.
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JP Morgan gets third chunk of buyout market (amended)
[16:55 CEST 30-09] UK – Investment bank JP Morgan Chase has today confirmed it has signed a third deal allowing it to buy into the buyout market.
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Dexia denies asset management sale
[16:50 CEST 30-09] BELGIUM – Belgian-French bank Dexia today categorically denied it would sell a part of its asset management business to raise more capital, though admitted expansion plans have been suspended.
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Shake-up changes SGAM head
[15:15 CEST 30-09] FRANCE – Alain Clot is moving into a new role and Jean-Pierre Mustier is to become the head chief executive of Société Genérale Asset Management, in a series of major changes to the group’s senior management.
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Lehman’s asset management sold to private equity
[13:00 CEST 30-09] GLOBAL – The bulk of Lehman Brothers’ asset management business, including the private equity division Neuburger Berman, is being moved into a new independent company carrying the Neuburger name, in a deal won by two private equity firms and its senior management.
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NewsPension funds keep watch over Fortis
[16:55 CEST 29-09] EUROPE – European pension funds will be keeping a watching brief over Fortis Investments in the coming months after today’s developments at its parent company, as a significant number of the firms either have mandates with the asset management arm or have recently held stocks in the ...
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News
Strathclyde and E.On next to suspend stock lending
[16:55 CEST 29-09] UK – The £9bn Strathclyde pension fund, one of the largest local authority pension funds, and the £5bn E.On scheme have suspended stock lending on all shares.
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Investment arm untouched by Fortis rescue
[14:15 CEST 29-09] EUROPE – Fortis Investments is 'unharmed' by the €11.2bn rescue action from the Benelux governments today, though the Belgian-Dutch bankassurer is still waiting for a €2.15bn cash injection from Chinese insurer Ping An.
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News
Dutch institutions shun indirect real estate
[17:15 CEST 26-09] NETHERLANDS – Dutch institutional investments in indirect real estate declined by 17% last year in favour of a growth in direct real estate portfolios, a new report claims.
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NewsGet buyout quotes asap – Vassiliades
[17:00 CEST 26-09] UK – Danny Vassiliades, head of corporate advice at Punter Southall, has warned pension funds who are considering a buyout to de-risk their scheme should get a quote as soon as possible.
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Credit crunch pushes liability hedging, despite Lehman
[17:05 CEST 25-09] UK – UK pension funds are increasingly looking into liability hedging structures, despite the collapse of several banks acting as counterparty, according to Mark Davies, investment director at P-Solve.
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Dutch fund seeks fund of hedge funds
[17:00 CEST 25-09] NETHERLANDS – A Dutch pension fund is looking for manager to manage a €10m global fund of hedge funds mandate, using IPE-Quest.
