Asset Managers – Page 227
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Fonchim plans a guaranteed return fund
[11:00 CEST 05-09] ITALY – The E1.7bn Italian Fonchim scheme, the closed fund for chemical and pharmaceutical workers, is planning to launch a guaranteed return fund early next year.
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SLI increases assets by 20% in six months
[16:30 CEST 04-09] UK – Standard Life Investments (SLI) has increased its assets under management by a fifth in the first half of this year to over £46bn, according to the life insurer group’s latest figures.
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Spanish bank to float investment unit
[15:00 CEST 04-09] SPAIN - Barcelona-based savings bank La Caixa is to float 20% of its investment arm, Criteria Caixa Corp, in October.
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Fonchim taps Schroders for TFR
[16:45 CEST 03-09] ITALY – The Italian €1.7bn Fonchim scheme, the closed fund for chemical and pharmaceutical workers, has appointed Schroders to manage its Trattamente di Fine Rapporto (TFR) assets.
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Analysts "cautious" about Storebrand's Swedish push
[16:30 CEST 03-09] NORDICS – Norwegian life insurer Storebrand is to buy Swedish Handelsbanken's occupational pension branch SPP for SEK18bn (€1.9bn).
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Greater Manchester fund tenders property valuation
[16:30 CEST 03-09] UK – The £9.5bn (€14bn) Greater Manchester Pension Fund is reviewing Colliers CRE as the independent valuer for its property portfolio.
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Austrian funds defend performance
[16:15 CEST 03-09] AUSTRIA – Pensionskassen should have put more money into equities last year in order to get better results, consulting firm Mercer has suggested.
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2007 is a good year for Dexia so far
[16:55 CEST 31-08] BELGIUM – Belgian-French financial services group Dexia reported assets under management reached €111.1bn to June 30, up by 2.5% in the second quarter of 2007.
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SNS agrees securities bank takeover
[16:00 CEST 31-08] NETHERLANDS – SNS Bank’s securities business has reached an agreement to buy specialist securities firm and institutional investment manager FBS Bankiers for an undisclosed amount.
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SLI’s private equity goes LLP
[16:00 CEST 30-08] UK- Standard Life Investments has followed suit with the rest of the fund industry and altered the legal status of its private equity operation in a bid to retain key members of the investment team.
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F&C eyes passive growth of diversified portfolios
[17:00 CEST 29-08] UK – F&C Asset Management is taking a new approach to the delivery of balanced portfolios and diversified growth funds for pension funds by launching an offering designed to be largely passive in nature.
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Funds still dread alternatives
[16:20 CEST 24/08] GLOBAL – Underfunding, a lack of transparency and high fees keep the majority of pension funds away from investing in alternatives, according to a new white paper by Northern Trust.
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Aviva posts steady 1H07 fund management profits
[15:40 CEST 24-08] EUROPE – The Aviva group’s European fund management business reported operating profits of £29m (€43m) for the first half of 2007, slightly down from the £30m reported for the same period last year.
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Balfour exits on Aberdeen's GIM win
[15:00 CEST 23-08] UK – Mike Balfour, chief executive officer of Glasgow Investment Managers, will leave the group following its £8.95m (€13.23m) acquisition by Aberdeen Asset Management.
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AGI to sell majority stake in German fund administrator
[12:30 CEST 23-08] GERMANY – Allianz Global Investors (AGI) has agreed to sell a 51% stake in fund administration arm Fonds Depotbank to UK securities clearer Xchanging, for an undisclosed sum.
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Welsh council scouts global equity manager
[16:30 EST 22-08] UK – The Welsh £1.26bn (€1.86bn) Rhondda Cynon Taf local authority pension scheme is scouting global equity investment managers for a £215m mandate.
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Balfour challenges Aberdeen with MBO bid
[17:10 CEST 21-08] UK – Aberdeen Asset Management’s reported £7m bid for Glasgow Investment Managers (GIM) has been challenged by a separate buyout proposal from GIM’s management.
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EM pension funds mature earlier - DB
[16:45 CEST 21-08] GLOBAL – Pension funds in emerging markets countries are growing rapidly but are restricted in growth compared with their counterparts in developed markets because they have smaller equity markets, Deutsche Bank has found.
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Pioneer's new signing signals moves into Nordic space
[11:11 CEST 21-08] NORDIC – Dublin-based asset manager Pioneer Investments is expanding into the Nordic region and has made a key institutional appointment to head its Swedish office.
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Staffordshire tenders currency
[13:00 CEST 20-08] UK – The £2.3bn (€3.4bn) Staffordshire county council pension fund is looking to appoint a manager for an active currency portfolio sized between £500m and £1bn.
