Asset Managers – Page 221
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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.
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ABP and Cordares take first steps to merger (amended)
[15:30 CET 20-12] NETHERLANDS – The Dutch €220bn ABP fund, the industry-wide pension fund for the building industry and the fund for building corporations have effectively announced the first step to a merger by signing a declaration of intent of cooperation.
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Finnish top two take on Nokia
[13:00 CET 20-12] FINLAND – Finnish mobile telephone manufacturer Nokia has today announced it will transfer its €1.2bn statutory pension liabilities to Ilmarinen and Varma in March next year.
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CalPERS pursues infrastructure and private equity
[12:30 CET 19-12] US - The California Public Employees Retirement System (CalPERS) has adopted a new asset allocation mix which will see $29bn shift out of bonds and equities to finance increased investment in private equity, infrastructure and real estate.
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Pearl to share Axial lessons with RAM
[15:30 CET 13-12] UK – Axial Investment Management looks set to share its asset liability investment skills with Resolution Asset Management for the benefit of the institutional market, once the two firms are merged by their parent Pearl Group.
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IPE-QUEST: Pension fund seeks emerging market debt
[16:40 CET 12-12] EUROPE – A European industry-wide pension fund has said it is looking for managers for a $200m (€136m) global emerging market debt mandate.
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Fitch says credit crunch suffered under 'reactive' systems
[16:30 CET 12-12] GLOBAL – Ratings agency Fitch has suggested investment houses with outdated risk management processes saw the worst of recent volatility and pricing uncertainty in the credit markets.
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Citi decides on new chief
[15:30 CET 12-12] GLOBAL – Vikram Pandit, the head of institutional clients at America’s largest bank Citigroup, has been named as the group’s new chief executive, in a bid to restore the company’s profitability and reputation.
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Philips scheme dismantles real estate portfolio
[12:00 CET 11-12] NETHERLANDS – The besieged €14.6bn pension scheme of Dutch electronics major Philips has sold around 15% of its real estate holdings to Dutch real estate investment fund Vesteda.
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Credit crisis delays liability hedging business
[15:30 CET 10-12] UK – Delays in the execution of derivatives-based liability hedging strategies, caused by the credit crunch, hinder pension funds in adopting them more widely, says investment consultant Watson Wyatt.
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Structured products see Blue Sky thinking
[16:15 CET 07-12] UK – A specialist asset management firm has been launched the UK to tap into the growing interest towards structured products.
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Abn unveils ‘clean’ technology fund
[[17:00 CET 06-12] EUROPE - Abn Amro is launching a specialist fund designed to target investment opportunities in climate change and environment-related firms.
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Economies to be hit, but miss recession - OECD
[17:00 CET 06-12] GLOBAL – Economies are likely to see reduced growth as a result of the recent credit crisis and housing slowdowns in the US and Ireland but are expected to avoid a global recession, according to the OECD.
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Legal threat to pensions arms trade decision
[15:30 CET 06-12] UK – Trade union officials have warned Merseyside pension fund could face a legal challenge over a recent decision by local authorities to continue the fund’s investment in companies selling armaments.
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Merseyside looks set to drop BGI mandate
[15:30 CET 05-12] UK – Barclays Global Investors could lose the contract to manage a UK equities mandate for the Merseyside pension fund, following a review of the local government scheme’s asset allocation strategy.
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Aberdeen pushes into Austria
[14:00 CET 05-12] AUSTRIA – Aberdeen Asset Managers is in discussions with a handful of Austrian institutional investors as part of an effort to expand its business to Austria, according to Hartmut Leser, Aberdeen's German head.
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Hermes gets pensions shakeup on CEO’s arrival
[16:55 CET 04-12] UK – Rupert Clarke has been confirmed today as the chief executive of Hermes, the asset manager owned by the BT pension fund, but fresh expansion plans for the group mean a new management team is being created to take responsibility for BT’s pension fund.
