Asset Managers – Page 229
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News
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.
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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.
