Asset Managers – Page 229
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HSBC bank scheme names new managers
[17:01 CEST 29-06] UK – The £10.5bn (€15.6bn) HSBC Bank UK pension scheme has appointed Ashmore and AXA Investment Management in a portfolio revamp.
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Pension fund investment needs “not being met” - Create
[17:02 CEST 28-06] EUROPE - Asset management houses are failing to deliver the type of investment offerings pension funds actually want, according to an investment think-tank.
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AP4 seeks Asian equities managers
[17:01 CEST 28-06] SWEDEN – The fourth buffer fund Fjärde AP-fonden is tendering for management of €1.5bn in Japanese and Pacific equities.
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SBZ mandates ABN and Russell
NETHERLANDS - The €2.5bn industry-wide pension fund for care insurers, SBZ has placed its asset management with ABN Amro Asset Management (AAAM) and Russell Investment Group.
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Carnegie looks beyond Nordics
DENMARK - Carnegie Asset Management is looking beyond the Nordic region to double assets in its Worldwide Fund from €8bn to €16bn.
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Architects and teachers to join forces
DENMARK – Three pension funds for professionals are planning an alliance that would oversee DKK63bn (€8.46bn) for 70,000 members.
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Oyak opens to overseas investment
[16:25 CEST 25-06] TURKEY - Oyak, the Turkish Army Pension Fund, is selling its subsidiary Oyak Bank to the Dutch ING Group for $2.67bn (€1.98bn) and opening its investment strategy to energy and foreign assets.
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Pension fund alternatives reach €445bn
[16:21 CEST 25-06] GLOBAL - Almost $600bn (€445bn) of global ‘alternative’ assets are invested by pension funds through the world’s top 99 alternative asset managers, a study by Watson Wyatt Investment Consulting has concluded.
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UBS stake in Julius Baer sold
[16:20 CEST 25-06] SWITZERLAND – Swiss private bank Julius Baer has bought back 5.47% of its shares held by Swiss banking group UBS, while the remaining stake has been sold on the stock market.
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FRR reviews currency mandate
[11:02 CEST 25-06] FRANCE – The €32bn Fonds de Réserve pour les Retraites (FRR) is reviewing its overlay manager State Street Global Advisors and has awarded three equity mandates.
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IPE-QUEST: $50m hedge fund strategy mandate
[11:00 CEST 25-06] EUROPE – A continental European pension fund is looking for an active global equity market neutral manager, using IPE Quest.
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American asset managers win over Europe
[16:24 CEST 22-06] EUROPE - US-based asset managers saw their business in Europe rise by 18% in 2006 – substantially higher than the wider European market – according to figures compiled for IPE’s Top 400 Asset Managers report.
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Finnish church goes SRI
[16:24 CEST 22-06] FINLAND – The Evangelical Lutheran Church of Finland’s €746m pension fund is looking for one or more active European equity SRI managers, following its new guidelines for responsible investing.
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Eurizon Capital gets new CEO
[16:23 CEST 22-06] ITALY – Francis Candylaftis is to become the new chief executive at Eurizon Capital, one of the largest Italian asset management houses.
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France opens way for bonds stripping
[11:00 CEST 22-06] FRANCE – European pension funds can now invest in French inflation-linked government bonds and reduce exposure to interest rate volatility thanks to the introduction of bond stripping.
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UN warns of "destabilizing" effect of pension funds
[17:11 CEST 21-06] GLOBAL – The United Nations (UN) has voiced concern about the impact growing activity of institutional investors, such as pension funds, might have on economies.
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Foundations pool to create multi-manager Fondaco
[17:00 CEST 20-06] ITALY - Three Italian foundations are joining forces to set up a Luxembourg-based pooled investment vehicle, in a bid to win economies of scale.
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More schemes to join Unilever’s FCP fund
[16:58 CEST 20-06] GLOBAL – Anglo-Dutch household goods giant Unilever says more of its global pension funds will join its FCP fund, including its first defined contribution (DC) plan at the end of June.
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Delta Lloyd buys Dutch asset manager
[16:56 CEST 20-06] NETHERLANDS – Delta Lloyd, the Dutch subsidiary of Aviva, is acquiring Cyrte Investments.
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BVI warns CGT may hurt German competitiveness
[13:02 CEST 20-06] GERMANY – Fund industry association BVI has warned the competitiveness of Germany as a financial centre may suffer unless the government amends a planned capital gains tax (CGT) on funds.
