Asset Managers – Page 254
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Pension funds could buy 20% government stake in Schiphol
NETHERLANDS – Government is planning to sell close to a third of its stake in Schiphol airport to institutional investors, according to Dutch finance minister Gerrit Zalm.
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HDI’s Stoeckl moves to UNED
GERMANY – UNED AG, a specialist in developing financial products for insurers, banks and fund companies, has recruited Michaela Stoeckl from corporate pensions adviser HDI Pensionsmanagement.
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GE Asset Management CEO exits
UK – Gavin Hill, chief executive of GE Asset Management, has quit to join the board of directors as investment director at pensions liability buyout vehicle Synesis Life under CEO Isabel Hudson.
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DeAM names Roemer institutional chief
GERMANY – Peter Roemer has left Crédit Suisse Asset Management to join Deutsche Asset Management as its new head of European institutional business with immediate effect.
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Mercer partner Cowling quits to join JLT arm
UK – Charles Cowling, long-term worldwide partner at Mercer Human Resources Consulting, has quit to join pensions advisory outfit Pension Capital Strategies (PCS) as managing director.
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F&C Netherlands makes hires
EUROPE – Liesbeth Rutgers, fixed income chief at private banking outfit Theodoor Gilissen Bankiers, has been appointed institutional business co-director at F&C Netherlands.
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Fitch to rate managers’ investment process
GLOBAL – Fitch Ratings has launched ratings of asset managers’ investment processes.
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CalPERS JV to target Spanish holiday homes
REAL ESTATE - The California Public Employees' Retirement System (CalPERS) is to invest in Mediterranean holiday homes via a €231m fund set up with private US developer Hines.
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BGI nabs ABN Amro AM’s Thijssen
BENELUX – Roel Thijssen, Middle East and Africa chief for ABN Amro Asset Management, has quit to join Barclays Global Investors as client relationship officer for strategic accounts in the Benelux.
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DeAM names master fund head
GERMANY – Deutsche Asset Management (DeAM) has appointed Marcus Göring to head a new business unit dedicated to so-called ‘master funds’ for institutional investors in Germany.
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Nestlé setting up UK asset manager
UK – Nestlé says it is setting up a UK-based asset manager to provide services for its global pension funds.
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Legg Mason revamps structure, management
GLOBAL – Legg Mason has organized its business into three units and revamped its management structure as it absorbs its acquisition of the Citigroup Asset Management business.
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MN Services, Cordares pool investment expertise
NETHERLANDS - The two largest Dutch pension providers, MN Services and Cordares, have decided to intensify their cooperation by pooling their investment expertise.
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GSAM wins €750m Océ fiduciary deal
NETHERLANDS - Goldman Sachs Asset Management says it has been appointed to as fiduciary manager for €750m in assets at Stichting Pensioenfonds Océ.
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Merrill launches swap indices for pension funds
GLOBAL - Merrill Lynch has launched a new swap index series to help cater for the trend towards liability-driven investing by pension funds.
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London pension fund to review arms investing
UK – The roughly £3.3bn (€4.8bn) London Pension Fund Authority will review its investment in arms manufacturing companies at a public board meeting next week.
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Belgian funds ‘forced into SRI investing’
BELGIUM – Public authorities in Brussels must invest “at least” 10% of their pension schemes in socially responsible investment under new orders approved by government.
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ING IM names new institutional clients MD
NETHERLANDS – Arthur van der Wal, current head of relationship management for institutional clients at ING Investment Management, has been named managing director institutional clients with effect from July 1.
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MN Services, Robeco at odds over fund mergers
NETHERLANDS – Forced mergers between smaller pension funds are undesirable because they’ll become dependent on big banks, says MN Services.
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Lane Clark parent gets private equity approach
UK – Alexander Forbes, the South African-based parent company of UK actuaries Lane Clark & Peacock, is in talks with private equity investors about a sale of the entire group.
