Asset Managers – Page 226
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News
Swiss Life chooses Holland for assets base
[16:45 CEST 26-09] NETHERLANDS - Swiss Life Asset Management (SLAM) has moved a sizable chunk of its assets to the Netherlands because it claims the present legal structure for investment funds is considerably cheaper than the Luxembourg framework.
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Dutch insurers claim 18% of second pillar
[15:00 CEST 25-09] NETHERLANDS - Life insurers built up an 18% share of the second pillar pensions market by 2005, the Dutch Centre for Insurance Statistics, or CVS, has claimed.
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Edhec sets up pension fund research chair
[13:00 CEST 24-09] FRANCE – The Nice-based business school Edhec and Axa Investment Managers have created a research chair on regulation and institutional investments.
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Pension funds feel confidence blow on ratings
[16:30 CEST 21-09] GLOBAL - Market developments on the back of the credit crunch have shaken pension funds and institutional investors’ confidence in credit ratings agencies, suggests a study by US consultancy Greenwich Associates.
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Berkshire trades direct property for fund
[11:00 CEST 21-09] UK - The £1.4bn (€2.1bn) Berkshire pension fund has made a £15m investment into BlackRock's UK property fund.
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PZU sells Lithuanian pension fund operations
[15:45 CEST 20-09] LITHUANIA – Polish insurance group PZU is selling its Lithuanian pension fund management operations to investment bank Finasta.
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Credit turmoil fails to dent equities appetite
[11:30 CEST 20-09] GLOBAL – Risk aversion has risen sharply on the back of turmoil in credit markets yet fund managers have failed to radically shift their portfolios, according to Merrill Lynch.
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AP7 reviews quant index fund and manager
[16:45 CEST 19-09] SWEDEN – In a push for diversification, the Swedish AP7 buffer fund has rearranged its quantitative index fund, while reviewing the position of State Street Global Advisors (SSGA) as its investment manager.
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CAAM appoints new CEO
[16:45 CEST 19-09] EUROPE – Crédit Agricole is expected to remain unscathed by subsidiary Calyon's €250m unauthorised trading loss amid the credit market turmoil as new chairman and chief executive officer (CEO) of the CAAM group Yves Perrier prepares to take over the reigns of its asset management arm.
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Commodities bull expected to run further
[12:00 CEST 19-09] GLOBAL – Asset managers are predicting the bullish run in commodities will continue against the backdrop of the subprime crisis.
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Lothian fund to discuss arms divestment
[14:00 CEST 18-09] UK – The Lothian pension fund, the retirement scheme for the city of Edinburgh, will discuss possible divestments from arms companies following a motion put forward by one of its councillors.
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Swansea goes specialist
[14:00 CEST 14-09] UK – The £900m (€1.3bn) City and County of Swansea pension fund is looking for up to 12 specialist managers, including hedge fund and private equity specialists, to manage some of its assets.
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PGGM takes on Citi's emerging market credit risk
[13:30 CEST 14-09] NETHERLANDS/UK – Major Dutch pension fund PGGM said today it has agreed to take on part of the risk of financial group Citi’s portfolio of emerging market credit exposures.
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Mercer to offer diversified growth fund
[13:00 CEST 13-09] EUROPE – Mercer is to launch its diversified alpha fund (DAF), its first fund under the new brand. The group was known as Mercer Global Investments until earlier this week.
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Aviva buys Romanian asset manager
ROMANIA – UK-based life and pension service provider Aviva is set to take over Romanian asset manager Certinvest.
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Mercer takes implemented consulting to Europe
[11:08 CEST 12-09] EUROPE - Mercer intends to expand its implemented consulting activities to win business in Ireland and the UK, as well as in fiduciary management in the Netherlands over the next 3-5 years.
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Resolution and Friends change merger deal
[16:30 CEST 10-09] UK – Resolution and Friends Provident have changed the shareholder agreement required for the merger of the two life insurance groups and this might make it more difficult for rival bidders, analysts say.
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Dutch navy sinks Achmea
[13:30 CEST 10-09] NETHERLANDS – The Dutch €3.4bn Merchant Navy Pension Fund (Bedrijfspensioenfonds voor de Koopvaardij) will end its management agreement with PVF Achmea at the end of this year, IPE has learnt.
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BlackRock co-founder leaves
[16:00 CEST 07-09] GLOBAL – Ralph Schlosstein, president and co-founder of BlackRock has announced he will leave the company to "pursue other entrepreneurial interests”.
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NTGI introduces int'l CIO
[15:00 CEST 06-09] GLOBAL – Wayne Bowers has been promoted to chief investment officer for the EMEA and Asia-Pacific regions at Northern Trust Global Investments (NTGI) Ltd.
