Asset Managers – Page 263
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News
Aon Consulting names new UK CEO
UK – Ron Amy has stepped down as chief executive of Aon Consulting’s UK operations, though he will stay on as chairman.
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Citibank loses €13bn F&C pooled assets brief
NETHERLANDS – Citibank has lost out on a €13bn pooled assets mandate with F&C Netherlands – the mandate was awarded to ABN Amro Mellon following a market survey by the asset manager.
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Van den Brink likens PME to Harvard and Yale
NETHERLANDS - Roland van den Brink, chief investment officer at the €19bn Dutch metals industry fund PME, has likened his fund to the US university endowments Yale and Harvard.
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AXA Investment Managers gets new CEO
EUROPE – Dominique Carrel-Billiard is to take over from Nicolas Moreau as chief executive of AXA Investment Managers.
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DC schemes get low scores from Watson Wyatt
GLOBAL – Watson Wyatt has awarded the current investment sophistication of defined contribution schemes very low grades.
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Legg Mason names Hirschmann as president
GLOBAL - James Hirschmann, chief executive of Legg Mason’s Western Asset Management arm, has been named president of Legg Mason itself.
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OECD wants derivatives rules for pension funds
GLOBAL – The Organisation for Economic Cooperation and Development has called for strict limits, if not outright prohibition, on pension funds’ use of derivatives with the potential for unlimited commitments.
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Germany’s MAN awards pension custody brief
GERMANY – MAN has hired BNP Paribas as the global custodian for its contractual trust arrangement (CTA) – an external fund the engineering group set up last summer to finance pension liabilities.
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Allianz’s Faber critical of investment banks
GLOBAL – Joachim Faber, chief executive of Allianz Global Investors, has hit out at investment banks targeting pension fund trustees.
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Irish regulator pulls plug on hedge fund
IRELAND – The Irish financial watchdog has ordered Dublin-domiciled hedge fund group Broadstone Fund Management to cease due to “serious regulatory issues”.
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Ex-Robeco CIO Vriezen to run C&A assets
NETHERLANDS - The former chief investment officer of Robeco, Marnix Vriezen, has taken over the management of the €1bn assets of the pension fund of C&A Nederland, the Dutch arm of the international clothes retailer.
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De Eendragt scheme becomes life insurer
NETHERLANDS – Dutch corporate pension fund Stichting Pensioenfonds De Eendragt has changed to a life insurance company called De Eendragt Pensioen NV with more than €950m in total assets under management.
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MEPs reject UCITS for pension directive
EUROPE – Members of the European Parliament’s economic and monetary affairs committee have voted against proposals to bring UCITS investment funds within the scope of the directive on occupational pension funds.
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IPE-QUEST: Three new searches on system
GLOBAL – There are three new searches - for large-cap core equities, developed markets large or all-cap equities and EAFE large-cap or all-cap value – on IPE-Quest.
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PGGM puts €500m into de Mol TMT fund
NETHERLANDS – Dutch healthcare pension fund PGGM has invested €500m in a technology, media and telecoms fund linked with Big Brother TV magnate John de Mol.
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Robeco nabs Achmea’s van den Broek
NETHERLANDS – Robeco Asset Management has appointed Achmea’s Reinoud van den Broek as institutional sales chief from May 1.
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OECD to unveil pension management principles
GLOBAL – The Organisation for Economic Cooperation and Development is set to unveil a five-point guideline for pension fund asset management tomorrow (March 21).
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Mellon names analytical solutions global director
GLOBAL – Mellon Financial Corp. has named Bruce Feibel as global director of Mellon Analytical Solutions, the former Russell/Mellon joint venture.
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Dutch metals fund PMT in real estate purchase
NETHERLANDS – MN Services has bought 29 apartments in Rotterdam on behalf of its owner, the €20bn metalworkers’ scheme Pensioenfonds Metaal en Techniek.
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German boutique Lupus opens Vienna office
AUSTRIA – Lupus alpha, a Frankfurt-based asset management boutique, has opened a new sales office in Vienna as part of a push into the Austrian institutional market.
