Asset Managers – Page 232
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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.
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Parliament seeks trustee advice
[16:09 CEST 19-06] UK – Trustees of the £280m (€414m) Parliamentary Contributory Pension Fund of the House of Commons are looking for investment advice.
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Active managers hindered by fund size - research
[16:55 CEST 18-06] GLOBAL – Most investment funds are too big to provide active managers with the flexibility needed to outperform the benchmark significantly, new research confirmed.
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Outgoing Schroders head to join Fortis
[11:07 CEST 18-06] GERMANY – Martin Theisinger, currently German head for Schroders Investment Management, will join Belgian manager Fortis Investments in September as its new head of client relationship management for Germany, Austria and CEE.
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SNS to expand securities presence with FBS takeover
[17:01 CEST 15-06] NETHERLANDS – SNS Bank’s securities business is in talks to buy specialist securities firm and institutional investment manager FBS Bankiers for an undisclosed amount.
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Straatman warns of volatility risk
[16:59 CEST 15-06] EUROPE - Pension funds should now be looking to decrease their investment risk rather than introduce more because volatility risk is likely to rise, according to a former Dutch pension fund executive.
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German managers "at disadvantage" in commodities and LDI - Fitch
[13:17 CEST 13-06] GERMANY – Asset managers in Germany are at a competitive disadvantage to interloping foreign houses in the commodities and liability-driven investments (LDI) markets, Fitch Ratings has claimed.
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Spanish reserve fund set to move into equities
[16:55 CEST 12-06] SPAIN - The Spanish government has paved the way for the country’s pensions reserve fund to start investing some of its €40bn of assets in equities.
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“We don’t believe in LDI” – Munsters
[16:55 CEST 08/06] NETHERLANDS – The €212bn Dutch pension fund ABP says it does not believe Liability Driven Investments should be included in its new strategic investment plan.
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Flurry of alternatives services emerge
[16:53 CEST 07/06] GLOBAL - Asset management houses are rushing to cater to European pension fund demand for alternative investments, with the launch of several new funds and services.
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Credit Suisse to diversify LDI into euros
[10:55 CEST 06/06] EUROPE - Credit Suisse is expanding its liability driven investment offering into the European pensions sector with the launch of a Euro Diversified Growth LDI fund later this summer.
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Co-operative fund on diversification streak
[16:28 CEST 05/06] UK - The new £5.5bn career average Co-operative Group Pension Scheme is adjusting its equity/bond split in favour of diversification into currency, commodities and infrastructure.
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Russia models new welfare fund on Norway
[10:46 CEST 04/06] RUSSIA – Up to €8bn of the soon-to -be-created Russian National Welfare Fund will be invested in the stock market, finance minister Alexei Kudrin has announced.
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Glicenstein to head new BNP Paribas AM umbrella
16:32 CEST 31/05] GLOBAL – Gilles Glicenstein, currently head of BNP Paribas Asset Management, has been named as head of the new umbrella brand the French bank has created.
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Population decline could hit office space demand
[13:15 CEST 31/05] EUROPE – Pension fund investors will need to be more selective about the property investments they make in the future as a decreasing European labour market is likely to slow the growth of demand for office space, according to the University of Maastricht.
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FRR seeks help in active/passive decision
[17:06 CEST 29/05] FRANCE – The €32bn Fonds de réserves pour les retraites (FRR) is looking for a database to help it decide on the right style for a mandate.
