Asset Managers – Page 221
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2008 centre-stages alternatives, real returns and funding
[16:55 CET 22-01] EUROPE – Allocation to alternative assets will increase in 2008 and Dutch pension funds will continue to seek real returns as German corporates’ appetite for funding grows, investment bank Lehman Brothers has suggested.
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Right issue too costly, says UBS
[16:45 CET 22-01] SWITZERLAND – Swiss bank UBS has angered smaller shareholders by planning an exclusive capital increase with the help of two Asian institutional investors.
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Watson Wyatt 'nervous' over 130/30 funds
[14:00 CET 22-01] UK - Watson Wyatt has cautioned pension funds against quantitative managers following the "strong tailwind" the sector has experienced over the past five years.
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IPE Quest: Scandinavian fund seeks alpha
[13:00 CET 22-01] EUROPE – A Scandinavian pension fund has put out a search for a global alpha asset manager, investing in a €100m concentrated core global portfolio.
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Old Lady extends Northern Rock finance to March
[16:55 CET 21-01] UK – HM Treasury and the Bank of England is to extend the lending facilities to Northern Rock until 17 March under proposals for a new financing structure.
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SNS plans Swiss Life Belgium sale
[16:00 CET 21-01] NETHERLANDS - Even before the acquisition of Swiss Life Belgium has been completed, new owner SNS Reaal has agreed to sell the company to Delta Lloyd Group.
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PGGM disinvests on PetroChina because of human rights
[15:50 CET 18-01] NETHERLANDS - The €88bn health care pension fund PGGM is withdrawing its €37m investments in oil company PetroChina, because of the firm’s human rights violations in Sudan.
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Nestlé's German fund mulls return from Dublin (Update)
[13:10 CET 18-01] GERMANY/IRELAND – Peter Hadasch, member of the board of the Nestlé's €1.2bn German Pensionskasse is considering swapping Dublin for Germany as the domicile for his fund's assets.(updated with new quotes from Hadasch)
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Norway to review PFG's ethical guidelines
[16:45 CET 16-01] NORWAY – The Norwegian Government is re-evaluating the ethical guidelines currently in place for the Norwegian Pension Fund Global to ensure "they function as intended".
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Merrill Lynch aid spotlights sovereign funds
[16:00 CET 16-01] GLOBAL – Investment giant Merrill Lynch is the latest firm to have turned to sovereign wealth funds (SWFs) for financial support and has signed a deal with seven financial institutions in total to sell convertible preference shares worth $6.6bn (€5bn).
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Luxembourg turns heads
[14:30 CET 16-01] EUROPE – Luxembourg, which in 2007 was the number one fund domicile in Europe, will continue to attract the most investments also in 2008, says Walter Koop of KPMG.
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Paternoster starts year with four new buyouts
[16:40 CET 15-01] UK – UK pension buyout firm Paternoster added another four pension schemes to its business in the first weeks of the year, bringing its total number of schemes to 33, IPE has learnt.
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Allianz bundles German pension divisions
[16:50 CET 15-01] GERMANY – Allianz Global Investors Kapitalanlagegesellschaft, the German investment arm of insurance giant Allianz, today said it has combined its pension advisory and product design operations in a new business.
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Robeco finds multimanager in PME’s Van Gent
[15:45 CET 14-01] EUROPE – Dutch financial group Robeco has ventured into multi-management with the launch of Switzerland-based Corestone Investment Managers, set up by former Altis man Martin Mlynár.
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Pioneer Austria loses €600m in institutional assets
[15:45 CET 11-01] AUSTRIA – Over the last year 2007 Pioneer Investments Austria (PIA) saw outflows of €600m in its institutional business.
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Kas Bank in merger talks with UK institution
[15:30 CET 11-01] NETHERLANDS – Laurens Vis, managing director of the London branch of Dutch securities custody bank Kas Bank, has said the company is in ‘serious talks’ with a UK based institution over a possible joint venture.
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2007 sees Partners’ AuM grow by 41%
[15:45 CET 10-01] SWITZERLAND – Partners Group, the Swiss alternative assets manager, has reported a 41% increase in assets under management (AuM) at the end of 2007.
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SWIP forays into FoFs
[16:55 CET 07-01] UK – Scottish Widows Investment Partnership (SWIP) has launched two absolute return funds, making its first foray into the UK fund-of-funds market.
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Randstad goes fiduciary with Kempen
[16:00 CET 21-12] THE NETHERLANDS – The Dutch temping agency company Randstad has appointed the Dutch asset manager Kempen Capital Management (KCM) to manage its €390m pension fund.
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'Rebalancing' nations will prevent global recession - Principal
[11:00 CET 21-12] GLOBAL – Though a global recession is unlikely, developed nations may experience a rebalancing of financial power, a US economist has suggested.
