Asset Managers – Page 226
-
News
Iceland’s Kaupthing buys sub-prime victim NIBC
[16:30 CEST 15-08] NETHERLANDS/ICELAND – Iceland’s Kaupthing Bank has agreed to buy NIBC for €3bn, less than a week after the Dutch merchant bank announced massive losses in its sub-prime portfolio.
-
News
Royal life insurers say no to merger
[16:00 CEST 15-08] UK – Mutual life insurance firms Royal London and Royal Liver have called off talks designed to look at the possibility of the merging the companies.
-
News
IPE-QUEST: $60m specialist equity mandate
[13:30 CEST 15-08] DENMARK – Investment consultant Kirstein Finance is looking for a manager for $50m to $70m (>€37m) a global technology equities manager on behalf of a Danish asset manager using IPE-Quest.
-
News
Barclays appoints Russell for pension plan
[16:30 CEST 14-08] UK – The £16.8bn (€24.9bn) Barclays Bank UK Retirement Fund has awarded a £2bn multi-manager high alpha equity brief to Russell Investments.
-
News
Bulgarian Doverie confirms investment trend
[16:30 CEST 13-08] BULGARIA – Pension funds are looking for alternatives both in the bonds and equities sectors as government bonds are becoming less attractive.
-
News
Laerernes taps Wellington for hard currency
[16:15 CEST 13-08] DENMARK – Laerernes, the DKK24bn (€3.8bn) industry-wide fund for teachers, has appointed Wellington Management for a hard currency emerging market debt mandate.
-
News
DWS keeps ABS fund open as US sub-prime crisis ebbs
[16:00 CEST 13-08] EUROPE – Deutsche Bank’s DWS has bucked the trend and kept an asset-backed securities (ABS) fund open as shockwaves from the US sub-prime loan crisis began to die down in Europe on Monday and central bank intervention soothed financial market woes.
-
News
Belfast Assembly seeks fund manager
[16:30 CEST 10-08] UK – The Northern Ireland Assembly Members’ Pension Scheme (AMPS) is looking for a fund manager to take on the scheme’s assets.
-
News
NIBC drops IPO plans
[15:30 CEST 09-08] NETHERLANDS – Dutch merchant bank NIBC has seen profits evaporate because of massive losses on asset-backed securities related to the US subprime mortgage market, despite nearly doubling its institutional assets under management earlier this year.
-
News
State Street steps up private equity servicing
[14:00 CEST 09-08] GLOBAL – State Street has bought the New Jersey private equity specialist Palmeri Fund Administrators (PFA), for an undisclosed sum.
-
News
European investors sought money safety in Q1
[15:50 CEST 08-08] GLOBAL – Assets held by investment funds grew to over €17trn in the first quarter of this year but figures presented by European trade association EFAMA suggest European investors may have played safe when shifting assets from equities in the March downturn.
-
News
S&P takes indexing to a new frontier
[16:30 CEST 08-08] GLOBAL – Standard & Poor’s, the ratings agency, is attempting to plug a gap in the extreme emerging markets index space with the launch of a benchmark covering “frontier market” companies based in countries such as Zimbabwe and Kazakhstan.
-
News
Pension surplus under threat from equities - LCP
[14:00 CEST 08-08] UK – Companies whose pension schemes remain heavily invested in equities should reconsider they are in a vulnerable position, argues Bob Scott, partner at Lane Clark & Peacock (LCP).
-
News
Robeco beats F&C to 130/30 Europe
[11:00 CEST 07-08] NETHERLANDS - Robeco is launching a ‘short-extension’ European equities fund which promises a “high return” by making extended use of derivatives.
-
News
F&C stems net outflows to £1.6bn
[15:30 CEST 06-08] EUROPE – A 24% rise in inflows helped F&C Asset Management reduce a £3.3bn (€4.9bn) outflow of institutional money in the first six months to £1.6bn.
-
News
Fortis steps closer to annex ABN’s asset management
[15:00 CEST 06-08] BELGIUM/THE NETHERLANDS – Belgian-Dutch financial services group Fortis has won initial shareholder support today for its part of a three-bank bid to buy the beleaguered Dutch bank ABN AMRO.
-
News
Cardiff seeks transition managers
[16:00 CEST 03-08] UK – The £899m (€1.34bn) Cardiff and Vale of Glamorgan Pension Fund is looking for a ‘panel’ of transition managers, IPE has learnt.
-
News
PGGM to increase concentrated risk investments
[12:00 CEST 03-08] NETHERLANDS – The €86bn Dutch pension fund PGGM, the second largest in the Netherlands, will double its concentrated risk investments in 2007, IPE has learnt.
-
News
IPE-QUEST: Equity mandates for the Middle East
[13:00 CEST 02-08] UK – Investors in the Middle East are looking for pan-European, global, US and emerging market equity managers using IPE-Quest.
-
News
Active managers see 'fee cake' crumble - IMA
[16:00 CEST 01-08] UK – The continuing trend among pension funds towards separating index tracking from absolute returns is a challenge for some active managers the UK's Investment Management Association (IMA) found.
