Asset Managers – Page 236
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Wednesday people roundup
[13:10 CEST 16/05] GLOBAL – Hewitt, Watson Wyatt, UBS, SWIP, Aegon, Barnett Waddingham, F&C, PIC, Nevsky, Welllington, Deutsche Bank.
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Replace SRI with sustainable approach - Watson Wyatt
[16:45 CEST 15/05] UK – Pension fund managers may be able to meet their fiduciary duty and engage with companies on environmental, social and corporate governance (ESG) issues if they opt for sustainable investment strategies, suggests Watson Wyatt.
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First ETF to track FTSE All-Share
[13:00 CEST 15/05] UK – London is set to become one of the largest ETF trading places in Europe, according to Lyxor Asset Management.
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Strathclyde seeks property valuer
[17:06 CEST 11/05] UK – The £9.6bn (€14.1bn) The Strathclyde pension fund for Glasgow County Council is looking for a new independent property portfolio valuer.
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Warwickshire makes foray into alternatives
[17:03 CEST 11/05] UK – Warwickshire County Council pension fund has awarded three mandates which allow the £1bn (€1.4bn) fund to invest in the alternatives market.
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DekaBank opens Vienna office
[17:02 CEST 11/05] AUSTRIA – German asset manager DekaBank is opening an office in Vienna targeting pension funds in Austria and Eastern Europe.
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Unions demand pension funds unite on investment
[17:10 CEST] NETHERLANDS - Top-level talks between the pensions sector, insurers and banks are necessary to consolidate the Dutch position on asset management, suggests the largest union FNV.
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NTGA arrival to challenge consultants (amended)
GLOBAL – Asset management houses and consultants are not doing enough to ensure they meet pension funds’ individual investment needs, according to a new head at Northern Trust Global Advisors who intends to take on the firms’ services.
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Edinburgh re-appoints State Street
UK – Edinburgh Council has renewed State Street Global Advisors' contract for a £113m (€180m) Scottish Homes pension fund mandate.
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AP7 in major portfolio overhaul
SWEDEN – In a major revamp of its portfolio the SEK80bn (€8.8bn) Swedish buffer fund AP7, Sjunde AP-fonden, shows more appetite for risk but not for hedge funds.
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Funds select managers past their peak – WM Services
UK – Trustees are often selecting managers at the top of their performance cycle, according to WM Performance Services.
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UK mutual insurers talk merger
UK - Life insurance groups Royal London and Royal Liver Assurance have today announced they are in early talks about a possible merger.
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ABN Amro frees up private equity arm
NETHERLANDS - ABN Amro, the Dutch bank subject to a bidding war from rivals, will transfer the management of most of its private equity business to an affiliate.
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Germany revamps investment law
GERMANY – The government has approved a host of reforms of Germany’s investment law, including easing investment restrictions on open-ended real estate funds and institutional funds and cutting approval periods for new funds.
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Ciba axes BlackRock
UK – The UK pension fund of Swiss pharmaceuticals giant Ciba Speciality Chemicals has axed BlackRock in favour of Insight Investments.
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Union Investment agrees Chinese joint venture
GLOBAL – German asset manager Union Investment has teamed up with Hong Kong-based Bank of East Asia (BEA) to launch a new fund venture for the Chinese market. Financial terms were not disclosed.
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Sal. Oppenheim buys French asset boutique
EUROPE – German private bank Sal. Oppenheim has fully acquired Financière Atlas, a French asset management boutique, in a move which it says will give it a bigger share of France’s institutional market.
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Swedbank grows AUM by €18.5bn
SWEDEN – Swedbank and Folksam have agreed to join their asset management business under the Swedbank trademark which will see SEK170bn (€18.5bn) in pension assets flow to Sweden's largest bank.
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Schroders names new chief financial officer
UK – Asset management firm Schroders has promoted Stephen Brooks to replace Jonathan Asquith as chief financial officer.
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BGI staff twice as profitable as ABN Amro AM
GLOBAL – Barclays Global Investors is twice as profitable per employee as ABN Amro Asset Management, according to company figures.
