Asset Managers – Page 273
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News
Thomas named president of Morgan Stanley IM
GLOBAL – Owen Thomas has been named as president of Morgan Stanley Investment Management, taking over a role vacated by Mitchell Merin in September.
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Germany’s FERI to expand into Switzerland
GERMANY – FERI Institutional Advisors plans to break into the Swiss institutional market sometime in 2006, according to Arnd Thorn, who took over as FIA’s chief executive last August.
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IPE-QUEST: Nordic bank seeks sub advisor
NORDIC – A Nordic bank has tendered an initial $80m sub- advisory mandate via IPE-Quest.
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Goldman Sachs AM gets $8bn inflow in quarter
GLOBAL – Goldman Sachs Asset Management had a net asset inflow of $8bn (€6.7bn) in the fourth quarter of 2005 – taking its total inflows in the year to $63bn.
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Fidelity setting up multi-manager business
UK – Fidelity Investments is setting up a multi-manager business that will eventually offer manager of managers services.
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EFAMA names UK’s Trenchard as director general
EUROPE – European investment fund association EFAMA has named the UK’s Viscount Hugh Trenchard as its new director general.
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Purchase boosts Morningstar investment consulting
US – Investment research firm Morningstar says its $83m (€69.6m) cash acquisition of asset allocation firm Ibbotson will boost its investment consulting business.
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DeAM, Trinkaus in running for Henkel CTA
GERMANY – Industry sources say Deutsche Asset Management and HSBC’s Trinkhaus Capital Management may be in line to advise chemicals firm Henkel on its planned contractual trust arrangement – an external fund to finance more than €1bn in pension liabilities.
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CalSTRS in $3bn emerging market move
GLOBAL – California teaching pension fund CalSTRS has picked five asset managers to run around $3bn (€2.5bn) of emerging markets assets.
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Ilmarinen’s Puhakka to join OKO Pohjola AM
FINLAND – Jari Puhakka, head of securities at Ilmarinen Mutual Pension Insurance Co., has left to join the new OKO-Pohjola Asset Management Co.
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Poland approves Nordea pension purchase
POLAND – The Polish authorities have approved Nordea’s previously announced acquisition of Sampo’s Polish life and pensions businesses.
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Dutch schemes in deal with Altera Vastgoed
NETHERLANDS – The Stork and PNO Media pension funds are to transfer their €90m Dutch real estate portfolio to, and become shareholders in, real estate group Altera Vastgoed.
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FRR to hold private equity informational meeting
FRANCE – The Fonds de Réserve pour les Retraites, the French Pensions Reserve Fund, is to hold a meeting for asset managers later this month about its private equity RFP.
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Janus names consultant relations director
GLOBAL - Janus Capital Group has named Brad Gillman as director of consultant relations at Janus Institutional Asset Management.
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GE’s Dutch scheme secretary Boesveld retires
NETHERLANDS – The €500m Dutch pension scheme of US industrial group General Electric has appointed former scheme director Jan Aerts as the new board secretary from January 1.
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Aegon institutional chief joins board
NETHERLANDS – Aegon management board member Jan Overmeer is due to retire next year – to be replaced by corporate and institutional client chief executive Erik van Houwelingen.
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OECD global pension forum postponed
GLOBAL – A forum on global pensions organized by the OECD and the new International Organisation of Pension Supervisors has been postponed.
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ATP named best European pension fund 2005
EUROPE – Denmark´s ATP has been named overall Best European Pension Fund in 2005 at the annual IPE Awards in Berlin. It was also named Best European Public Pension Fund as well as scooping the top award for Denmark and risk management.
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MEAG targets third-party growth
GERMANY – MEAG, the asset management arm of reinsurance giant Munich Re, plans to expand its third-party business by between 25-30% annually, according to Robert Helm, managing director at MEAG responsible for third-party business.
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Metzler posts 28% rise in institutional assets
GERMANY – A mix of mandates for institutional funds and one for a so-called ‘master fund’ has enabled Metzler Asset Management to lift its institutional assets to above €20bn – an increase of 28% from the end of 2004.
