Asset Managers – Page 209
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NewsLehman Bros overhauls firm after $3.9bn loss
[16:55 CEST 10-09] GLOBAL – Investment banking giant Lehman Bros is separating its commercial real estate business as a new listed entity and selling a majority stake in its investment management division after yet more writedowns generated a third-quarter net loss of $3.9bn (€2.76bn).
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News€9.8bn PGB extends SRI portfolio
[14:15 CEST 10-09] NETHERLANDS – The €9.8bn pension fund for the printing and publishing industry Pensioenfonds Grafische Bedrijven (PGB) has awarded a €60m social responsible investment (SRI) mandate to asset manager Threadneedle.
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Irish Bill to stop pensions investment in cluster bombs
[13:00 CEST 09-09] IRELAND – The Irish government has drafted a new Bill on investment in munitions such as cluster bombs that will specifically change the investment policy of the National Pension Reserve Fund (NPRF).
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NewsMn Services and Syntrus Achmea set aside differences
[11:45 CEST 09-09] NETHERLANDS – Pension providers Mn Services and Syntrus Achmea intend to reach an agreement on merging the two companies within eight weeks, setting aside earlier shareholder issues.
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Brinkman foresees Optas agreement
[11:00 CEST 09-09] NETHERLANDS – Elco Brinkman, the exiting chairman of the Dutch teachers and civil servants pension fund ABP, will continue his mediation in the Optas case and may deliver his a conclusion within the next four weeks.
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NewsUCITS III 'heading for mid-life crisis'
GLOBAL – The investment industry is calling for next generation UCITS IV structures as the credit crunch is hindering the short-term growth of Undertakings in Collective Investments and Securities (UCITS) funds, suggests a survey by Create-Research.
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NewsAP1 pursues US small caps managers
[14:45 CEST 08-09] SWEDEN - Första AP-fonden (AP1), the first Swedish national pension fund, is seeking both passive and active US small cap equity managers for a total portfolio valued at $500m (€351.7m).
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Polish payout bills get first reading
POLAND – Two bills intended to complete Poland's pension reform had their first reading in the Polish Parliament on Friday and will now be passed to the parliamentary social insurance committee.
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NewsSiemens to create single manager selection platform
[15:45 CEST 05-09] GLOBAL – The German electronics giant Siemens is working towards organising a single platform from its base in Munich for the asset manager selection of its various pension funds globally.
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Resolution rebranding to spark wider pensions push
[17:05 CEST 04-09] EUROPE – Resolution Asset Management is rebranding as Ignis Asset Management and has plans to widen its appeal to European pension funds by harnessing the talents of its former Dutch pension fund experts at sister company Axial Investment Management.
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Swiss investor to award €70m equity mandate
[16:50 CEST 04-09] SWITZERLAND - A Swiss institutional investor is looking for managers for a $100m (€70m) Canadian equity all-cap value mandate, using IPE Quest.
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AP4 splits passive global equity mandate into three
[17:00 CEST 03-09] SWEDEN - Fjärde AP-fonden (AP4), the fourth Swedish national pension fund, has split its passive global equity mandate between three managers.
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Aegon’s cross-border arm to cooperate with €2.4bn APK
[17:00 CEST 02-09] NETHERLANDS/AUSTRIA – The €2.5bn Austrian pension fund APK-Pensionskasse and Dutch insurer Aegon have signed a letter of intent that will allow both organisations to further expand internationally.
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AGI to become Germany's largest manager
[16:40 CEST 02-09] GERMANY – Allianz today said the integration of Commerzbank’s €57bn asset management arm Cominvest will make its asset management offering, Allianz Global Investors (AGI), the largest asset manager in Germany.
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All-German deal to shrivel Dresdner Kleinwort
[16:50 CEST 01-09] GERMANY – German Commerzbank’s acquisition of Dresdner Bank will see the newly-combined group’s investment banking activities reduced, but introduce a refocus on German companies.
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APG and Cordares: the marriage is 'formal'
[16:15 CEST 01-09] NETHERLANDS – APG Investments - the wholly-owned asset management company of the giant Dutch pension fund ABP - and Cordares Holding have today formally merged.
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Aegon taps new Spanish wealth
[16:45 CEST 29-08] SPAIN – Aegon, the Netherlands-headquartered insurer and asset manager, has taken a 50% stake in the life and pensions arm of north-eastern Spanish savings bank Caixa Terrassa for €190m, in a bid to expand the take-up of its life and pensions offering.
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Norfolk awards active currency mandates
[16:45 CEST 26-08] UK – Norfolk County Council has awarded active currency mandates to Goldman Sachs Asset Management and Auriel Capital Management.
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Dutch SCA funds go fiduciary
[14:30 CEST 18-08] NETHERLANDS – Two Dutch corporate pension funds of global consumer goods and paper company SCA with combineds assets of €360m have chosen asset manager Mn Services as its fiduciary manager.
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Private equity caught in 'transition' in H2
[16:00 CEST 14-08] EUROPE – In the second half of this year the buyout market will be caught in a transition period and the private debt sector will see a correction, Swiss alternative asset manager Partners Group has predicted.
