Asset Managers – Page 255
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Gartmore says no change for clients in MBO
UK – UK asset manager Gartmore says there will be “no change” for clients as a result of its private equity-funded management buyout.
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FIM Asset Management hires two from Nordea
FINLAND – FIM Asset Management has hired two executives from Nordea, with Petri Aho becoming head of international sales and Jouni Salmenkivi head of fixed income.
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IMA creates new role of head of tax
UK – The Investment Management Association has created a new role of head of tax to help it deal with a higher workload in the area.
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€10bn Grafische names investment head
NETHERLANDS – Grafische Bedrijfsfondsen, the umbrella organisation for the graphics industry’s pension funds, says it has appointed Dirk Wieman as director of investments.
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Metzler says German pensions business booming
GERMANY – Metzler Asset Management says its German corporate pensions business is booming, with contributions from the business set to more than double to €250m in 2006 from €105m in 2005.
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Liontrust loses further €392m of pension assets
UK – Specialist UK equities fund manager Liontrust Asset Management says it lost £268m (€392m) of pension fund assets in the year to the end of March.
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Cominvest replaces chief investment officer
GERMANY - Cominvest, the asset management arm of Commerzbank, has replaced its chief investment officer Wolfram Gerdes – less than a year and a half after he joined from Allianz.
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Skandia case’s Bexhed steps down
SWEDEN – Skandia’s Jan-Mikael Bexhed, who steered a prominent pan-European pensions test case through the European Court of Justice, is stepping down as general counsel at the company.
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Norway’s global fund awards five new mandates
NORWAY – The Government Pension Fund - Global assigned capital to five new mandates in the first quarter – one fixed income and four equities.
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Vervoer taps GSAM for €5.4bn fiduciary brief
NETHERLANDS – Dutch industry-wide transport fund Pensioenfonds Vervoer has appointed Goldman Sachs Asset Management to run a €5.4bn fiduciary mandate – resulting in a loss for incumbent F&C.
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Vontobel, Pictet top Swiss 'alpha league'
SWITZERLAND - Vontobel Asset Management and Pictet & Cie have tied for first place in the new "Alpha League Table" from EuroPerformance and French business school Edhec.
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Morley launches real estate trading facility
REAL ESTATE - Morley Fund Management has unveiled a UK “trading facility” for its own unlisted real estate funds. (This article first appeared on www.iperealestate.com)
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Ageing will change investment behaviour - study
NETHERLANDS - The ageing of the population in Europe will probably lead to lower demand for equities and a higher appetite for bonds, says Dutch research institute Iris.
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German Spezialfonds grow by €46bn – BVI
GERMANY – Investor inflows to German institutional funds (Spezialfonds) in the year to March 31 totalled €46bn, helping to bring the total volume of these funds to €635bn, according to German fund industry association BVI.
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Stockholm tenders pensions administration
SWEDEN – The city of Stockholm is tendering a roughly SEK30m (€3.2m) four-year occupational pension administration contract.
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FTSE research director Beckley departs
GLOBAL – FTSE Group’s research and development director Carl Beckley is leaving the index provider after almost eight years to join Record Currency Management.
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UK’s Kent County Council rejigs manager roster
UK - The roughly £2.3bn (€3.4bn) Kent County Council pension scheme has axed Goldman Sachs Asset Management from a roughly £350m UK and overseas equities mandate amidst a strategic asset reshuffle at the scheme.
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CalPERS names 11 new managers
GLOBAL – The California Public Employees' Retirement System, the $210bn (€163.8bn) public pensions giant, has selected 11 active international equity managers to manage portfolios in developed and emerging markets.
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Ex-JP Morgan’s Bourgi joins asset-backed firm
UK – Ramy Bourgi, the former co-head of JP Morgan’s European custody business, has been appointed business development director at Cambridge Place Investment Management.
