Asset Managers – Page 244
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Deutsche fund arms best for pensions - survey
GERMANY – Institutional fund manager Deutsche Asset Management and its retail sister DWS are best positioned to win pensions business in Germany, according to a new survey of 43 asset managers in that market.
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Cornwall awards currency brief to Mellon
UK - Cornwall County Council’s Cornwall Pension Fund has awarded a £175m (€258m) currency mandate to Mellon Capital.
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ING IM names Germany head
GERMANY - ING Investment Management has named Pioneer Investments' Matthias Schellenberg as head of Germany.
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Islington refutes allegations of bad investment
UK – The £635.6m (€936m) Borough of Islington pension fund has denied union claims that its £131m deficit was caused by bad investment decisions.
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Dutch painters tap MLIM for swaps
NETHERLANDS – A&O Services, which runs the €3.2bn Dutch painters pension fund BPF Schilders, has chosen Merrill Lynch Investment Managers to implement a €1.4bn swap and swaptions overlay programme.
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Hermes in clear; Clements runs hedge fund
GLOBAL - It’s emerged that Robert Clements, the former Hermes manager at the centre of the firm’s now resolved stock manipulation allegations in Korea, is now running an Israel-based hedge fund.
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Former ABP chief Frijns to chair Kempen
NETHERLANDS - Merchant bank Kempen & Co. has appointed Jean Frijns, the former head of investments at ABP, as chairman of the supervisory board.
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France’s Caisse names pensions director
FRANCE – The Caisse des Dépôts, France’s state-owned public-interest financial institution, has named Gilles Seigle as director of pensions.
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State Street wins Norway SRI mandate
NORWAY – State Street Global Advisors won a NOK570m (€69.3m) SRI mandate with the Bærum municipality in Norway.
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Pensions driving tenfold rise in swaps – Barclays
UK – Pension fund demand is behind a tenfold increase in inflation-linked swaps activity at Barclays Capital, executives say.
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GSAM-backed pension academy launches
UK – The Westminster Business School’s Pension Investment Academy today with backing from Goldman Sachs Asset Management.
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Principal Global Investors names European CEO
EUROPE - Principal Global Investors has named Nick Lyster as chief executive of its London-based European operations.
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Bedford tenders £100m in passive UK equities
UK - The £773m (€1.1bn) Bedfordshire Pension Fund is seeking a passive (index-tracking) investment manager for £100m in UK equities.
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Ex-Nestlé pension head McKeand joins AEGON
UK – Innes McKeand, the former head of investments at Nestlé UK Pension Trust, is to join AEGON Asset Management in the new role of head of equities from November, the firm announced today.
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Hermes Pensions Management names new CIO
UK – Hermes Pension Management, the asset manager owned by BT Pension Scheme, has named Roger Gray to succeed Nick Mustoe as chief investment officer.
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DeAM names global consultant relations head
GLOBAL – Susan Small has been appointed as new global head of consultant relations at Deutsche Asset Management (DeAM), the global investment bank announced today.
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TIAA-CREF puts $100m into microfinance
GLOBAL – US educational retirement savings group TIAA-CREF has earmarked $100m (€78.8m) to invest in so-called microfinance initiatives.
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Morgan Stanley asset management earnings slump
GLOBAL – Third-quarter profits at Morgan Stanley’s asset management division fell by 23% although assets under management rose 5%.
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Dutch union eyes pension fund for self-employed
NETHERLANDS - The largest Dutch trade union FNV has stated it wants to set up a new defined contribution pension fund for self-employed people and small businesses.
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Dutch institutions enter hedge fund debate
NETHERLANDS – Dutch institutional investor organisation Eumedion, representing some €800bn of assets, has demanded that Stork’s majority shareholders and activist hedge funds Centaurus and Paulson take a clear position on the Dutch industrial group.
