Asset Managers – Page 268
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News
Investec appoints Hau in German sales
GERMANY – Investec Asset Management has appointed former Bank of Ireland Asset Management Europe head Robert Hau as senior salesperson in Germany.
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IMA back office rules to reduce processing costs
UK - New IMA fund processing guidelines have been published to help UK investment management firms reduce risk and cost.
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SVM expands into Europe
UK – SVM Asset Management, the boutique Edinburgh based independent fund management group, is looking to increase its European institutional business following a year of strong performance in European equities.
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ABN Amro appoints EAFE chief
UK – ABN Amro Asset Management has appointed Andrew King as the new head of Europe, Australasia and Far East (EAFE) portfolio management and head of North American equities.
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Harcourt Partners changes name
SWITZERLAND – Harcourt Partners SA, a Geneva-based fund of hedge funds boutique, has changed its name to Peak Partners.
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SAM names chief executive
UK - Syndicate Asset Management (SAM), the £1.3bn (€1.9bn) AIM-quoted fund specialist group, has appointed Michael Campbell-Birkett as group chief executive officer with immediate effect.
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Zurhorst joins SWIP from DrKW
EUROPE – Scottish Widows Investment Partnership (SWIP), the asset management arm of the Lloyds TSB group, has named Peter Zurhorst as head of its business in northern Europe with specific responsibility for expanding institutional business in Germany.
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KAS pockets €9m from exchange appreciations
NETHERLANDS – KAS Bank’s shareholdings in the London Stock Exchange, Euronext and Deutsche Börse appreciated more than €9m in the second half of 2005 to reach €25m at year end.
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Lincolnshire County scheme tenders equities
UK – The £1.1bn (€1.6bn) Lincolnshire County Council Pension Fund has launched a tender process for a global active equity manager, putting incumbent manager Bank of Ireland Asset Management under the spotlight.
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HFR’s Europe chief Godden leaves
EUROPE – John Godden, managing director of Hedge Fund Research’s European asset management arm, has left the company.
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Dutch schemes sue Shell over reserves
NETHERLANDS – Stichting Pensioenfonds ABP, the Dutch civil service fund, is leading a group of 26 funds in a class action lawsuit against Royal Dutch Shell over the oil giant’s reserves scandal.
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UK asset management jobs set to rise - CBI
UK – Bullish expectations mean employment numbers across the fund management industry look set to increase even further in the next quarter, according to the CBI and PricewaterhouseCoopers quarterly Financial Services Survey.
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MN Services names Mutsaers to board
NETHERLANDS – Dutch fiduciary manager MN Services has appointed Walter Mutsaers to its management board from 1 February 2006.
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Nestlé fund axes Capital International
IRELAND – Robusta, the vehicle for Nestlé’s small to medium sized investments, has replaced investment managers Capital International and Dresdner RCM Global Investors Asia with Alliance Capital Management.
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Nobel laureate Merton says LDI “ill-conceived”
GLOBAL – Nobel Prize-winning economist Robert Merton has said immunizing pension obligations through liability driven investment strategies is “ill-conceived”.
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NIB Capital’s Tielman joins Cordares
NETHERLANDS – Jeroen Tielman, the founder of FundPartners and the current director of pension business development at NIBC Bank, is to join pension management firm Cordares in a senior role.
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Managers, strategy under scrutiny at Co-Op
UK – The Co-operative Group’s decision to shut its final salary scheme and create a single £4.7bn (€6.8bn) career-average salary fund will put both investment strategy and fund managers under review if trustees formally approve the change.
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Mellon combines institutional and retail arms
GLOBAL – Mellon Financial Corp. has combined its retail mutual fund arm Dreyfus with its institutional asset management business under vice chairman Ronald O’Hanley.
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Germany’s ZF taps Allianz for DC advice
GERMANY – Auto component maker ZF Friedrichshafen is to take advice on two new defined contribution pension plans from consulting firm Allianz Pension Partners.
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Watson Wyatt & Co. changes name
GLOBAL - Watson Wyatt & Co. Holdings has changed its name to Watson Wyatt Worldwide Inc. to reflect the recent acquisition of its European affiliate.
