Asset Managers – Page 262
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Irish construction scheme ups real estate
REAL ESTATE - The Construction Federation Operatives Pension Scheme (CFOPS), the Irish builders’ fund, has boosted its real estate allocation by 2% with a move into indirect investment (This story previously appeared on www.iperealestate.com).
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ABN Amro exits Czech asset management
CZECH REPUBLIC – ABN Amro has sold its Czech asset management outfit to two Prague-based firms for an undisclosed amount.
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Directive to boost German Pensionsfonds - Bosch
GERMANY – Bernhard Wiesner, head of corporate pensions at Robert Bosch, says German multinationals will favour Anglo-Saxon-style Pensionsfonds due to the EU directive on occupational pension funds.
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GSAM gets $25bn asset inflow in quarter
GLOBAL – Goldman Sachs’ asset management business gained $25bn (€20.8bn) in net asset inflows in the first quarter.
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Nestor stays at Citigroup amid Legg Mason deal
EUROPE – John Nestor, the European head of Citigroup Asset Management, is not joining the outfit’s new parent Legg Mason.
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Fortis eyes asset management acquisitions
EUROPE - Fortis Investments will look at further "strategic acquisitions", says chief executive Richard Wohanka.
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JP Morgan's Paterson joins NAPF
UK - JP Morgan Asset Management's David Paterson is to take over as head of corporate governance at the National Association of Pension Funds from Geoff Lindey.
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Finland’s Keva invests in Hermes European fund
FINLAND – The €17.1bn Finnish Local Government Pensions Institution, Keva, has invested in Hermes’ European Focus Fund.
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Credit Agricole reports record new inflows (corrected)
FRANCE – Credit Agricole saw record new business inflows of more than €55bn, resulting in a 38% increase in assets under management to €563bn, excluding double counting, according to group results for 2005 (corrected).
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AXA IM posts 25% rise in AUM
GLOBAL – AXA Investment Managers’ assets under management rose 25% to €432bn in 2005, according to the annual results.
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DeAM's Harrison named MPC Investors’ CEO
UK – Peter Harrison, former Deutsche Asset Management global chief investment officer, has been appointed chief executive of MPC Investors and member of the board.
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Be aware of advisor conflicts - IAPF Conference
IRELAND – The Irish Association of Pension Funds was warned today about the potential conflicts of interest that may emerge in the new investment advisor landscape.
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Delegates vote active managers - IAPF Conference
IRELAND – Delegates to the Irish Association of Pension Funds annual investment conference in Dublin today voted narrowly in favour of using active investment managers.
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PGGM’s Noordzij to get €500k severance deal
NETHERLANDS – Karel Noordzij, who unexpectedly quit as chairman at €71bn Dutch health care fund PGGM today, will get a severance package worth more than €500,000.
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Goldman Sachs AM names new Europe head
GLOBAL – Goldman Sachs Asset Management has shuffled its senior management, with European co-head Suzanne Donohoe returning to the US and Stephen Fitzgerald becoming Europe and Asia head.
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AP7 puts hedge funds on watch
SWEDEN – Sjunde AP-fonden, the roughly SEK66bn (€7bn) Seventh Swedish Pension Fund or AP7, has put its only two fund of hedge fund mandates on a watch list due to underperformance and administrative issues.
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MN Services names fiduciary head
NETHERLANDS – MN Services has appointed Philip Jan Looijan as fiduciary management chief of MN Services Investment Management and member of the investment management team from April 1.
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FRR tactical asset head Morel joins Natexis
FRANCE – Christophe Morel, head of strategy and tactical asset allocation at the €26.6bn Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has been appointed tactical asset allocation chief at Natexis Asset Management.
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BGI introduces Sudan divestment strategies
US - Barclays Global Investors has launched index strategies to help US pension funds to comply with new rules requiring them to divest of companies with ties to Sudan.
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Dutch doctors’ fund interim CIO moves on
NETHERLANDS – Ton Groeneveld, interim chief investment officer at Doctors Pension Funds Services, has left following the appointment of permanent CIO Jan Willem Baan.
