Asset Managers – Page 216
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News
Market dropout sparks Hungarian consolidation
[15:45 CET 25-02] HUNGARY – Austrian insurance group UNIQA has sold its Hungarian pension asset management to Dutch financial group AEGON because it felt the pressure of consolidation.
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German blue-chip invests in insurer’s cover fund
[15:15 CET 25-02] GERMANY – The Pensionsfonds of Europe’s third largest truck maker, Man AG will has invested €220m of its assets in German insurer Allianz Leben’s cover fund.
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SAM powered by global warming to eco funds
[11:00 CET 25-02] SWITZERLAND – Sustainable Asset Managment (SAM) saw its assets under management double over the last year as interest in eco-related investments increased.
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Allianz launches German 'fiduciary' service
[16:10 CET 20-02] GERMANY – Allianz Global Investors Deutschland and its life insurance cousin, Allianz Lebensversicherungs AG, have founded a joint subsidiary Allianz Treuhand, to serve its corporate pension clients as trustee.
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Lewisham allocates £20m to fund of hedge funds
[16:45 CET 19-02] UK – The London Borough of Lewisham Pension Fund is seeking a hedge fund of fund manager and a global equity manager following a restructure of the pension scheme.
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Credit Suisse suspends traders after debt 'mismarking'
[16:15 CET 19-02] SWITZERLAND – Credit Cuisse Group has suspended traders responsible for some of its structured credit facility after the firm discovered positions were overpriced to the tune of $2.85bn (€1.93bn).
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Pension funds cautious about GTAA
[15:45 CET 18-02] GLOBAL – Adding a global tactical asset allocation (GTAA) mandate to a portfolio is still a question of money, belief and regulation, according to pension funds.
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Germans depart from equities and bonds in 2007
[13:30 CET 18-02] GERMANY – The German association of investment and asset management said Germany’s investment management businesses grew by €60bn to €1.7trn in 2007, despite outflows from equity and bond funds.
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NewsQuant strategies helped "intensify" financial crisis
[12:00 CET 15-02] UK/GLOBAL – Quantitative strategies are "partly guilty" of market distortion as "sudden de-levering" helped intensify equity market corrections, Barclays Capital has revealed.
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NewsBelgian minister creates confusion over 'pan-European' pension for Nestlé
[17:00 CET 14-02] BELGIUM/SWITZERLAND – The Belgian finance ministry has created confusion about the status of Nestlé's pension funds after announcing the firm is transferring its pensions assets to a pan-European OFP.
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NewsWheel and tyre scheme selects Mn Services
[14:30 CET 14-02] NETHERLANDS - The €150m pension fund for the wheel and tyre industry has chosen pension provider MN Services as fiduciary manager for its assets.
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News
Midas and Iimia MitonOptimal in £100m merger
[11:30 CET 13-02] UK – Midas Capital Partners and iimia MitonOptimal have agreed terms for a merger, which would create a multi-asset fund management company with more than £2.9bn (€3.9bn) assets under management.
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Absolute returns needs lower fees - Watson Wyatt
[11:00 CET 13-02] EUROPE – Pension funds and asset owners who want to generate alpha from absolute return investments need to toughen up their "procurement skills" and push asset managers to cut costs, according to consultancy Watson Wyatt.
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News
Bavaria chooses "Fed" for pension fund
[16:00 CET 12-02] GERMANY – The German Federal Bank “Bundesbank” will manage the assets of the now established pension fund for Bavarian civil servants.
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‘Stop internal rivalry’ – Holland Financial Centre
[12:00 CET 12-02] NETHERLANDS – Holland Financial Centre (HFC) is set to publish a business plan pleading for a departure from "internal competition" in the Dutch pension sector.
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News
Estonia mulls raising equity cap to 70%
ESTONIA – The Estonian ministry of finance is looking at drafting new legislation to allow pension funds to increase their equity investments from 50% to 70%, IPE has learnt.
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Physios to double hedge fund exposure
[16:00 CET 11-02] NETHERLANDS – The €1.8bn occupational pension funds for physiotherapists, SPF, is looking to nearly double its investments in hedge fund investments to 15%, IPE has learnt.
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News
Lærernes fund replaces PFA Pension
[15:00 CEt 11-02] DENMARK – The DKK25.8bn (€3.5bn) Danish teachers' pension and life fund, Lærernes Pension, has replaced PFA Pension, which managed DKK13.3bn (€1.8bn) worth of bond mandates, with Nordea Investment Management.
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News
Exotic beta is the new alpha
[13:00 CET 11-02] GLOBAL – The quest for alpha is increasingly being replaced by a search for exotic beta as pension funds are losing faith in managers' abilities to really outperform markets.
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News
PGGM taps Mercer for ESG emerging markets managers
[15:30 CET 08-02] NETHERLANDS – PGGM, the newly separated manager of the €88bn pension fund Zorg en Welzijn, has hired Mercer to find emerging markets asset managers who incorporate environmental, social and governance (ESG) issues in their investments.
