Asset Managers – Page 222
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News
Kaupthing ups ante in SPP takeover
[16:15 CET 29-10] ICELAND – Iceland’s Kaupthing Bank intends to further buy into Storebrand following last week’s shareholders support for the Norwegian life insurers takeover bid of Swedish pension group SPP.
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Morley keeps watch on European diversified launch
[14:00 CET 29-10] UK - Aviva’s asset management arm Morley has launched a multi-asset fund targeted at smaller UK pension funds but which it hopes to be able to roll out across Europe in due course.
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M&A-hungry Threadneedle pushes into Italy
[16:30 CEST 26-10] EUROPE – UK-based asset manager Threadneedle Investments is looking to open an Italian office, while actively pursuing mergers and acquisitions (M&A) elsewhere in Europe.
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Lærernes to review PFA and Bankinvest
[16:30 CEST 26-10] DENMARK - The DKK24.5bn (€3.3bn) Danish Teachers' Pension and Life (Lærernes Pension) will be reviewing its Danish equity managers.
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More institutions target fewer managers – study
[16:25 CEST 26-10] EUROPE – Institutional assets under management (AuM) throughout Europe increased by 14% in 2006, but only few manager consistently win business, according to a study by consultancy firm McKinsey & Company.
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Resolution dumps Friends for marriage with new suitors
[16:00 CEST 26-10] UK – Financial services group Resolution plc has dropped plans to merge with UK life assurance group Friends Provident and has agreed selling the company to Standard Life, but rival Pearl has also come back at the 11th hour with a fresh takeover bid topping Standard’s offer.
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AP3 signs enhanced managers
[15:00 CEST 25-10] SWEDEN – The SEK227.7bn (€25bn) third Swedish buffer fund AP3 has selected 13 managers for enhanced indexing briefs.
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Academics find ESG helps performance
[12:30 CEST 25-10] GLOBAL – Applying environmental, social and corporate governance (ESG) to your portfolio has a positive impact on performance, the United Nations and Mercer has found.
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Swedish firm eyes fiduciary trail
[14:30 CEST 24-10] NETHERLANDS – The €400m Dutch scheme of the Swedish hygiene goods and paper multinational Svenska Cellulosa Aktiebolaget (SCA) is contemplating fiduciary management, IPE has learned.
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UBS expands in France
[13:00 CEST 24-10] GERMANY/SWITZERLAND – Swiss bank UBS is set to buy German Commerzbank's French asset management arm Caisse Centrale de Réescompte (CCR) for €435m.
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AP1 reviews Pacific mandates
[14:00 CEST 23-10] SWEDEN – The SEK221bn (€24bn) buffer fund AP1 is tendering a $680m (€478m) Pacific ex-Japan equities mandate.
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Kier Group refutes buyout rumours
[15:30 CEST 22-10] UK – The Bedfordshire-based construction company Kier group has confirmed it is not thinking of selling its £540m (€774m) pension fund to a specialist buyer.
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T-Charter labelled as 'too weak'
[15:00 CEST 22-10] GLOBAL – Standards set by the newly-launched charter for best practice in transition management should be raised, State Street, Barclays Global Investors (BGI) and Russell Investments have demanded.
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Growth will become scarce - Merrill Lynch
[17:00 CEST 19-10] GLOBAL – Investors expect growth will become increasingly scarce, according to the latest Merrill Lynch fund manager survey.
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State Street reports merger costs of $141m
[17:10 CEST 18-10] US – The acquisition of Boston-based Investors Financial Services cost global custodian State Street $141m (€99.5m) the company revealed in its Q3 report.
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Quarter of UK corporate schemes manage longevity risk
[16:50 CEST 17-10] UK – Around 25% of UK corporate sponsors have implemented measures to control the longevity risks in their pension scheme, according to a new study by Watson Wyatt.
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FRR tenders €2bn in commodities mandates
[16:40 CEST 16-10] FRANCE – The €33.4bn Fonds de Reserve pour les Retraites (FRR) is looking for commodity managers.
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Bpf Meubel appoints ABN AMRO Mellon
[15:00 CEST 12-10] NETHERLANDS - Bpf Meubel, the €1.5bn pension fund for the furnishings industry, has appointed ABN AMRO Mellon Global Securities Services as global custodian of its assets.
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AP4 signs internal currency manager
[15:00 CEST 12-10] SWEDEN – The SEK214bn (€23.5bn) buffer fund AP4 has hired Per Berglund as new currency and fixed income portfolio manager.
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Mn Services eyes more fiduciary growth
NETHERLANDS – Global financial heavyweights operating in the Dutch fiduciary market are no threat to local pension providers, asset manager Mn Services has argued.
