Asset Managers – Page 207
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News
Funds plan more exposure to emerging markets
[17:05 CEST 16-10] EUROPE – The majority of Northern European Institutional investors have said they are planning to raise their exposure to emerging market equities over the next three years.
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UBS spins off riskier assets
[16:00 CEST 16-10] SWITZERLAND – Swiss bank UBS has created a standalone fund which allows the firm to rid itself of illiquid assets burning its balance sheet and raise capital through the Swiss central bank.
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APG Group signs cross-border deal with PensPlan
[16:55 CEST 13-10] NETHERLANDS - APG Group has formalised a deal with the €1.6bn Italian pension administrator PensPlan which will initially see APG manage €100m in assets for the Italian provider.
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Mn Services launches UK office
[15:30 CEST 08-10] UK/NETHERLANDS – Mn Services, the Dutch pension provider and fiduciary manager, has launched its new London-based office, headed by former ABN Amro Asset Management director Remco van Eeuwijk.
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Turkish pensions growth to reach two million people
[13:00 CEST 08-10] TURKEY – Turkish private pension funds are close to TRY6bn (€3.29bn) in value while the system is likely to cover two million participants soon, Mehmet Simsek, Turkey’s minister for economy has revealed.
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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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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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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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 ...
