Asset Managers – Page 251
-
News
Asset management M&A hits record – report
GLOBAL – The sale of asset management businesses worldwide in the first half of 2006 hit the highest level ever, according to a new report.
-
News
West Midlands tenders currency mandates
UK – The £6.6bn (€9.7bn) West Midlands Metropolitan Authorities Pension Fund is tendering two new briefs – one currency alpha mandate and an active specialist currency overlay mandate.
-
News
US banks report Q2 AUM, custody figures
US – Some of the largest US banking groups have released their latest assets under management and custody figures today with their second-quarter earnings reports.
-
News
Bank of Ireland AM re-jigs investment structure
IRELAND – The Bank of Ireland Asset Management today announced a new investment business structure with the appointment of three managing directors – including former ABN Amro research head Chris Johns - to take over from outgoing chief investment officer Chris Reilly, who will retire next year.
-
News
MLIM nabs SSGA’s O’Carroll
UK – Eilín O’Carroll, European product management head at State Street Global Advisors, has left to join Merrill Lynch Investment Managers’ product development team.
-
News
SSGA sets up absolute returns trust company
GLOBAL – State Street Global Advisors says it is boosting its offering in the absolute return area with a new limited purpose trust company, various hires and a new licensing agreement.
-
News
MLIM slows BlackRock momentum amid outflows
GLOBAL – BlackRock says its planned merger with Merrill Lynch Investment Managers has resulted in a “temporary” slowdown in its momentum.
-
News
GSAM to get a third of PPF levy funds
UK – The Pension Protection Fund, the government’s pensions lifeboat, will assign roughly a third of its £140m (€205m) in initial levy funds to Goldman Sachs Asset Management, according to the PPF’s Business Plan 2006/2007.
-
News
Lincolnshire scheme silent on BETonSPORTS
GLOBAL – At least one UK pension fund - Lincolnshire - may have lost out in the decline in share prices of online gaming companies following the detention of BETonSPORTS chief executive David Carruthers.
-
News
DekaBank keeps mum over revenue, staff reports
GERMANY – DekaBank, the asset manager tied to Germany’s state-owned savings banks (Sparkassen), has declined comment on press reports that 21 managing directors have been demoted and that it will miss its revenue and profit targets for this year.
-
News
UK national ‘multi-manager’ pension scheme seen
UK – The proposed National Pensions Savings Scheme could in effect be a giant ‘multi-manager’ fund, the Investment Management Association says.
-
News
DB schemes amplify market volatility – BOE study
UK – Defined benefit pension funds amplify shocks to companies’ shares and affect stock market volatility, according to a Bank of England study.
-
News
Strathclyde the latest to go unconstrained
UK – The £8.8bn (€12.8bn) Strathclyde Pension Fund has become the latest UK local authority pension fund to “go unconstrained” – seeking investment managers to run assets not benchmarked to an index.
-
News
Blue Sky appoints commercial chief
NETHERLANDS - Blue Sky Group, the Dutch pension fund manager which runs the KLM pension fund, has appointed Francis van Bergenhenegouwen as head of commercial affairs.
-
News
Italian postal fund tenders €100m
ITALY - Fondoposte, the complementary pension fund for Italian postal workers, is looking for managers to manage €100m of assets.
-
News
Northern Trust names European outsourcing chief
EUROPE – David Copley, former Mellon UK investment operations outsourcing and fund accounting chief, has joined Northern Trust as head of investment operations outsourcing for Europe.
-
News
Dutch insurance premiums dwarf pension premiums
NETHERLANDS - Premiums paid to Dutch insurance companies were three times as high as premiums paid to Dutch pension funds at the beginning of 2006 (Corrects figures in 2nd paragraph).
-
News
Italian hedge fund industry lacks special skills – AIMA
ITALY – The absence of specialist on-shore knowledge in Italy’s hedge fund industry has dampened down the market for competition, according to a report by global hedge fund trade association AIMA and international law firm Simmons and Simmons.
-
News
DeAM names equity and bond chiefs
GERMANY – Deutsche Asset Management has appointed Klaus Kaldemorgen and Heinz Fesser to the new positions of global head of equities and fixed income, respectively.
-
News
Old Mutual Asset Managers appoints CIO
UK – Old Mutual Asset Managers (OMAM) has appointed Eoin Murray, its current head of quantitative strategies, as chief investment officer.
