Asset Managers – Page 257
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SEB hit as asset management CEO quits
SWEDEN – Harry Klagsbrun, chief executive of SEB Asset Management, has quit to join private equity firm EQT Partners as a senior partner.
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Barclays Global Investors’ ETF head Lavine exits
EUROPE – Bruce Lavine, head of Europe at Barclays Global Investors’ iShares exchange-traded funds arm, has left.
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ING IM to re-enter German institutional market
GERMANY – The asset management arm of Dutch bank ING says it is planning to open an office in Germany – most likely Frankfurt – for a renewed assault on the German institutional market.
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Norway global fund set to top €218bn
NORWAY – Norway’s Government Pension Fund – Global, the former Petroleum Fund, is set to grow to about NOK1.7trn (€218.4bn) by the end of this year.
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Dutch insurers oppose mandatory industry schemes
NETHERLANDS - Dutch insurers have voiced their opposition to the mandatory participation of company pension schemes in industry-wide pension funds.
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T. Rowe nabs Insight institutional chief Millar
UK – Stephen Millar, director of institutional business development at Insight Investments, has quit to join T. Rowe Price Global Investment Services as consultant relations chief for Europe.
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Insight, Russell team up to offer LDI
UK – Insight Investments and Russell Investment Group have teamed up to offer customised liability-driven investment solutions to mid-sized UK pension funds.
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Sal. Oppenheim buys into UK hedge funds
GERMANY – Sal. Oppenheim, a German private bank, has acquired sizeable stakes in London-based hedge fund providers Attica Alternative Investments (AAI) and Integrated Asset Management (IAM). Financial details were not disclosed.
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New German asset management consultancy launched
GERMANY – Two former executives at fund administrator BHW Invest have launched a new consulting firm targeted mainly at German asset managers.
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Railpen names head of investment management
UK - Railpen Investments, which runs the £17bn (€24.9bn) industry-wide Railways Pension Scheme, has named the Wellcome Trust's Keith Shepherd to the new role of head of investment management.
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KAS Bank to open German office
EUROPE – KAS Bank is due to open an office in Germany in the second half of this year, according to managing director Laurens Vis.
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Dutch minister: don’t blame me for FTK impact
NETHERLANDS – Dutch social affairs minister Art Jan de Geus says he takes no responsibility for the impact on pension funds’ asset allocation following the new Financial Assessment Framework (nFTK).
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Van Lanschot investment director Kraan dies
EUROPE – Theo Kraan, private investment director of Dutch-based Van Lanschot Bankiers, has died in an accident.
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Hermes CIO Mustoe joins Pictet
UK – Nick Mustoe, chief investment officer of Hermes Pensions Management, will quit at the end of May to become CIO head of equities of Pictet Asset Management (updated).
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F&C names institutional sales head
UK - F&C Asset Management has named John Bills as head of institutional sales in London.
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Schroders wins €617m Countrywide brief
UK - Schroders says it has been awarded a further £421m (€617m) by Countrywide Assured plc in addition to the £400m it already managers.
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Swiss schemes want investment rules relaxed
SWITZERLAND – Swiss occupational pension funds want investment regulations relaxed, according to a survey by Swisscanto Asset Management.
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Dutch SFP fund awards custody to Northern
NETHERLANDS – Northern Trust says it has been awarded an asset servicing mandate by the €330m Stichting Federatief Pensioenfonds.
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Saxony-Anhalt plans civil service pension fund
GERMANY – The eastern German state of Saxony-Anhalt plans to set up a pension fund for its civil servants from 2008, saying the move is necessary to relieve long-term pressure on its budget.
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Hymans sees shift to global equities, bonds
UK – The UK’s 50 largest fund managers saw an increased shift from UK equities to fixed income and global equities in 2005, according to an annual survey by Hymans Robertson.
