Asset Managers – Page 249
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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.
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Henderson buys infrastructure firm Laing
UK – Henderson has had a £886.9m (€1.3bn) offer to buy infrastructure and construction firm John Laing accepted.
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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.
