Asset Managers – Page 251
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Sal. Oppenheim says it wins €60m hedge brief
GERMANY – Volkswagen Stiftung, a €2.4bn foundation that bears the German car giant’s name, has awarded German asset manager Oppenheim KAG with a €60m fund-of-hedge fund mandate, IPE has confirmed (Updates to name investor).
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Aer Lingus plugs pension deficit before IPO
IRELAND – Irish airline Aer Lingus is to make a “one-off” pension contribution ahead of its planned new €1.2bn initial public offering.
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State Street shareholder activist ‘facing jail’
GLOBAL – A shareholder activist is facing jail after being ejected at State Street Corp.’s annual meeting, according to a filing at the Securities and Exchange Commission.
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Fortis sets up green venture capital fund
NETHERLANDS – Fortis Venturing has set up a new venture capital fund for sustainable so-called ‘technostarters’ in the Netherlands.
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Schroders’ Denmark chief retires
DENMARK - Steen Svendsen has retired as managing director of Schroders Investment Management Denmark to take a role at a private equity group.
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Henderson posts €4.3bn institutional outflow
UK – Henderson Global Investors had a £2.9bn (€4.3bn) outflow of institutional assets in the first half of 2006, the company said in its first-half report.
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Asset chief takes over at Finland’s Evli
FINLAND – First-half losses at Finland’s Evli Bank have been followed by asset management chief Maunu Lehtimäki taking over as group chief executive from Henrik Andersin.
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Bulgarian pension fund Doverie taken over
BULGARIA - The largest Bulgarian pension fund, Doverie, has been taken over by Austrian insurance group Wiener Städtische as part of a complex deal with investment group Kardan.
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SPP wins Österåkers pensions admin
SWEDEN – The Swedish municipality Österåkers has hired SPP Liv Pensionstjänst, the administration arm of the Swedish pension insurance group SPP Livförsäkring AB, for the administration of its pension fund.
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AXA IM names Dutch institutional head
NETHERANDS – AXA Investment Managers has hired Hanneke Ketellapper-Veringa from rival ABN Amro to be head of its Dutch institutional business.
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Germany’s EnBW confirms multi-billion revamp
GERMANY – Energie Baden-Württemberg, Germany’s third largest energy firm, has completed a revamp of the way its pension money is invested, switching to a so-called ‘master-fund’ structure for the assets.
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SEB Asset Management names new head
SWEDEN – Fredrik Boheman has been named as Harry Klagsbrun’s successor as head of SEB Asset Management.
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Citigroup sets up pension solutions team
EUROPE - Citigroup has set up a European insurance and pensions structured solutions group in London under Wiltrud Heiss.
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Changes at Swiss Life AM in the Netherlands
NETHERLANDS – Pension insurer Swiss Life’s asset management arm has promoted Karel Altena to head Dutch investments, director Rob Delfos announced.
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SWIP names Davidson global bond chief
UK – Rod Davidson has been appointed as Scottish Widows Investment Partnership’s new global head of fixed income, the company said today.
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Ex-Schroders hedge CIO Parkin re-surfaces
UK - John Parkin, formerly chief investment officer of the fund of hedge fund team at Schroders, has re-surfaced at hedge fund group Aspect Capital.
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State Street under review at Edinburgh
UK – State Street Global Advisors is facing a review at the £2.1bn (€3.2bn) City of Edinburgh Council Lothian Pension Fund, which is looking to appoint a fund manager for its £125m multi-asset Scottish Homes portfolio.
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UBS, Fidelity under scrutiny at Ealing
UK - UBS Global Asset Management and Fidelity International, currently managing the London Borough of Ealing’s £500m pension fund are under scrutiny.
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Lehman nabs Derbyshire for pension role
UK – Investment bank Lehman Brothers has confirmed it has hired Gareth Derbyshire from Merrill Lynch in a senior pensions role.
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Northern Trust names quantitative CIO
GLOBAL – Northern Trust Global Investments has named Steven Schoenfeld to the new role of chief investment officer of Global Quantitative Management.
