Asset Managers – Page 270
-
News
PGGM consortium buys €1bn real estate portfolio
NETHERLANDS – Dutch health care fund PGGM is part of a consortium that is buying retailer Vendex KBB’s real estate portfolio in a sale-and-lease-back agreement.
-
News
Dutch experts split over pensions body
NETHERLANDS -- Opinion on the need for a specialised Dutch pensions ministry is sharply divided.
-
News
Lloyd’s scheme opts for Northern Trust
UK – The £365m (€534m) Lloyd’s Superannuation Fund has awarded an exclusive global custody and performance measurement brief to Northern Trust.
-
News
Robeco names consultant relations head
NETHERLANDS – Robeco Asset Management, hit by a “disappointing” asset inflow in the first half, has hired a head of consultant relations.
-
News
Petroleum Fund funds seven new mandates
NORWAY – The NOK1.28trn (€161.3bn) Petroleum Fund transferred capital into two fixed income and five equity mandates in the third quarter.
-
News
20% of UK schemes invest in hedge funds - NAPF
UK – Around one in five large UK pension funds have some exposure to hedge funds, the National Association of Pension Funds says.
-
News
Uncertainty over BaFin real estate stress tests
GERMANY – BaFin, the German financial services regulator, has yet to make a decision on whether to include real estate investments in the so-called “stress tests” that it requires German lifer insurers and insurance-tied pension funds to undergo.
-
News
SEI sees 25% European growth
EUROPE – SEI, the US-based multi-manager fund provider, expects to grow its business in Europe by 25% annually, with nearly all of that growth taking place in the UK, its managing director for Europe says.
-
News
Julius Baer facing client attrition – Moody’s
SWITZERLAND – Bank Julius Baer & Co. could be facing client “attrition” as it seeks to absorb the three Swiss banks and the GAM arm it is buying from UBS, Moody’s Investors Service says.
-
News
Hermes’ Watson to join Witan Investment Trust
UK – Tony Watson, outgoing chief executive at Hermes Pensions Management, is to join the £1.4bn (€2bn) Witan Investment Trust as a non-executive director.
-
News
Allianz Global Investors names top execs
EUROPE - Allianz Global Investors has made some senior appointments as it unveils its new European subsidiary.
-
News
Bank of NY names European pensions head
EUROPE - The Bank of New York has named Robert Darmanin as head of European custody and pensions, taking over from Richard Beaven who has left the company.
-
News
DeAM sees German pension market growth
GERMANY – Deutsche Asset Management has predicted that the German market for occupational and private pensions will expand to around €5trn in 2030 – or five times the current volume.
-
News
Demand for Germany’s Riester pensions surges
GERMANY – Demand for the Riester-Rente, a government-subsidised private pension launched in 2002, has increased dramatically this year, the German finance ministry has reported.
-
News
Dutch employers critical of portability plan
NETHERLANDS – Dutch employers organisation VNO-NCW has criticised the European Commission’s proposed directive on pensions portability – saying it could threaten the Dutch pension system.
-
News
Majedie to develop new fund business
UK – Majedie Investments, the backer of the UK equity boutique Majedie Asset Management founded by former Mercury executives, is looking at developing a new fund management business.
-
News
Oslo Sporveier transfers €250m scheme
NORWAY – Oslo’s municipal public transport provider Oslo Sporveier has transferred its NOK2bn (€253.6m) pension scheme to Storebrand.
-
News
Spezialfonds gain €33bn inflow, BVI says
GERMANY – Investor inflows to German institutional funds (Spezialfonds) totalled €33bn in the year to September 30, bringing the total volume of these funds to €613bn, according to German fund industry association BVI.
-
News
Pictet names Northern Europe sales chief
EUROPE – Gerrit Van Gorp, former senior director and head of credit derivatives at Dow Jones Indexes, has been appointed by Pictet Asset Management to be its new head of business development for Northern Europe.
-
News
CalPERS still searching for permanent CIO
US – CalPERS is still looking for a permanent replacement for Mark Anson, the chief investment officer who is leaving to join Hermes as chief executive.
