Asset Managers – Page 246
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News
Capital Group takes 5% of Commerzbank
GERMANY – US fund manager Capital Group has disclosed a 5.03% shareholding in Commerzbank, making it the German bank’s second largest shareholder after Italian insurer Generali, which has 8.6%.
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USS in central Europe real estate move
EUROPE – The £26bn (€38.5bn) Universities Superannuation Scheme, the pension fund for university staff, has made a move to increase it central European real estate holdings.
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Watson Wyatt’s de Maar joins Dutch doctors’ fund
NETHERLANDS – Watson Wyatt’s Stefan de Maar in an unusual move has switched from investment consulting to join the Dutch €11.7bn Doctors Pension Funds Services (DPFS).
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BNP Paribas AM names new CIO
EUROPE – BNP Paribas has named Credit Agricole’s Christian Dargnat as its new chief investment officer.
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Institutional searches picking up – BlackRock
GLOBAL – BlackRock, set to announce a new branding following its merger with Merrill Lynch Investment Management, says institutional search activity is picking up again.
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NPRF invests €44m in property fund
IRELAND – Ireland’s National Pensions Reserve Fund is to invest £30m (€44m) in specialist property fund The Mall as part of its €135m commitment to real estate.
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SWIP wins rare AMF Pension mandate
SWEDEN – The SEK245bn (€26bn) Swedish fund AMF Pension has awarded a European small-cap mandate to Scottish Widows Investment Partnership worth approximately SEK150m.
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ABP quant head Gupta joins UK’s Pearl Group
EUROPE – Pranay Gupta, head of global quantitative strategies - capital markets at ABP Investments, has become the latest figure from the Dutch pension giant to join the Pearl Group.
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Europe’s investors ‘in love’ with finance stocks
EUROPE – European investors have a “love affair with finance stocks” says Merrill Lynch Investment Manager’s David Bowers, following the firm’s September fund manager survey.
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Vervoer to utilise Mcube's AlphaEngine for fiduciary oversight
NETHERLANDS – The Dutch industry wide transport fund Pensioenfonds Vervoer has hired American investment technology firm Mcube to help it “measure, manage and monitor” its fiduciary investments, the fund announced today.
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PGGM may separate asset management and admin
NETHERLANDS – Dutch healthcare pension fund PGGM has confirmed it is discussing separating its asset management and administration from the actual pension fund, and to house both within a cooperative.
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Pension funds pick up more of Exista from Kaupthing
ICELAND – Icelandic pension funds have bought a further stake in financial services group Exista from Kaupthing Bank, the bank announced today.
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Norway fund defends Wal-Mart divestment despite ‘flawed’ screening criticism
The Norwegian Government Pension F – Global today responded robustly to allegations that its equities screening process was arbitrary, opaque and unfair.
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Van Lanschot targets institutions with Kempen bid
NETHERLANDS – Dutch private bank Van Lanschot is looking to increase its institutional reach with a €300m takeover bid for independent Dutch merchant bank Kempen.
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UK: General trend into bonds
UK - Recent years have seen a general trend within the UK pensions industry from equities into bonds, according to Joanne Segars, incoming chief executive at the National Association of Pension Funds (NAPF).
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F&C nabs MSIM exec for new Geneva office
SWITZERLAND - F&C Asset Management has named Christian Zeitler as country head for Switzerland and Austria.
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Dexia AM adds €6.5bn in institutional assets
EUROPE – Dexia Asset Management gained a net €6.5bn in new institutional assets in the second quarter of 2006.
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Global fund management asset growth slows
GLOBAL – Total assets managed by the world’s largest 500 fund managers grew to $53.6trn (€41.8trn) in 2005, consulting firm Watson Wyatt reports.
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ABP Investments names research head
NETHERLANDS – Robeco’s Ronald Wuijsters has been appointed as the new head of research at ABP Investments Pensioenfonds, the fund confirmed today.
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CSAM names European pensions group MD
EUROPE - Credit Suisse Asset Management has appointed Paul Bourdon as managing director of its newly created European Pension Solutions Group.
