Asset Managers – Page 278
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News
Belgium’s KBC hails pension pooling
BELGIUM – KBC, which launched a pension pooling fund for Suez earlier this year, says the technique offers various benefits which reduces costs.
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News
Nammack joins Carnegie as consultant
SWEDEN – Former Skandia Liv and AP3 executive Kristian Nammack has joined Carnegie in a consulting capacity.
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News
UK’s BBC drops DeAM for NewSmith
UK – The BBC says its £6.4bn (€9.4bn) pension scheme has dropped Deutsche Asset Management in favour of NewSmith due to an underperformance on investment targets.
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News
Netherlands' Interpay outsources €265m scheme
NETHERLANDS - Payment processing firm Interpay has outsourced its entire €265m pension fund to SEI Investments, resulting in losses for incumbent managers ABN Amro and ING.
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News
Mellon had talks with State St., Northern – WSJ
GLOBAL – Mellon Financial Corp. has had informal talks about a possible custody combination with State Street and Northern Trust, the Wall Street Journal has reported.
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Features
MAN CEO says investable hedge indices 'wrong'
Investable hedge funds indices were given the thumbs down by a senior industry figure at the recent Funds Forum conference in Monaco. Stanley Fink, chief executive of MAN Group, which has $42bn (€34bn) of hedge fund assets under management, criticised the development of investable hedge funds indices and regarded them ...
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News
Invesco taps UBS’s Salzmann as Swiss head
SWITZERLAND - Invesco has named Marcel Salzmann, a former manager at rival UBS Global Asset Management, as its new head of Switzerland.
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News
TKP Pensioen real estate head retires
NETHERLANDS - TKP Pensioen’s head of real estate investments, Koos Gerlofs, has retired.
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News
Citigroup in German hedge fund move
GERMANY - The German investment arm of Citigroup has teamed up with a German and an Austrian private bank to launch one of Germany’s first single hedge funds.
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News
DWS/DeAM get new Swiss sales head
SWITZERLAND - Tim Koevenig has been named head of sales for Switzerland at Deutsche Bank's retail and institutional asset management arms DWS and DeAM.
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News
ING IM’s Wijstma moves to Robeco
NETHERLANDS – ING Investment Management’s Joost Wijstma has left the firm to become a director of business development at rival Robeco.
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News
AMF Pension names Björkén to fixed income role
SWEDEN – AMF Pension has rejigged its fixed income management, with Bengt Björkén become acting head of fixed income and Lars Aberg taking an ALM role.
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News
Iceland: €2.7bn pension fund merger talks fail
ICELAND – Talks to engineer the merger of two of Iceland’s largest pension funds have proved abortive.
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News
Man Investments CEO Chambers quits
UK - Man Investments’ chief executive Chris Chambers is stepping down at the end of the month after three and a half years at the alternative investments firm.
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News
Irish postal scheme in €1.6bn revamp
IRELAND – The €1.6bn pension scheme of the Irish postal service An Post has restructured its manager roster with the help of consulting firm Mercer.
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News
Fortis keeps mum on fund arm report
EUROPE – Banking and insurance group Fortis has declined to comment on a newspaper report that it is looking for a partner for its Fortis Investments asset management arm.
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News
Molenkamp the latest victim of MN shake-up
NETHERLANDS – MN Services’ account management head, Jan Bertus Molenkamp, is to leave – the latest in a series of departures that sources suggest are related to a restructuring at the pension firm.
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News
Achmea, Interpolis get OK for merger
NETHERLANDS – The Dutch competition authority has approved the previously announced merger between pension management firms Interpolis and Achmea.
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News
AP2, Alecta execs join Handelsbanken committee
SWEDEN – Representatives from Swedish pension bodies AP2 and Alecta have been appointed to a board election committee at banking group Handelsbanken.
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News
Watson Wyatt denies staff exodus
UK - Watson Wyatt has denied that staff are leaving en masse following its acquisition by its US affiliate Watson Wyatt & Co.
