Asset Managers – Page 280
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News
UPM-Kymmene UK taps Hymans for consultancy
UK – The £84m (€122m) pension scheme of UPM-Kymmene UK has appointed Hymans Robertson as investment consultant.
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CSAM Germany institutional assets up 23%
GERMANY - The German arm of Credit Suisse Asset Management has reported a 23% rise in institutional assets under management during the first half.
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Danica Pension makes 8.5% return in first half
DENMARK – Danica Pension, the pension and life insurance arm of Danske Bank, made an 8.5% return on assets in the first half of 2005.
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Dutch doctors’ scheme’s van Muylder joins F&C
NETHERLANDS - Corporate bond house F&C Asset Management says it has hired three new analysts to its credit team, which operates out of London and Amsterdam – including Els van Muylder of SBA.
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Mercer facing SEC investigation over Putnam links
GLOBAL – Marsh & McLennan is being probed by the Securities and Exchange Commission about business referrals between its Mercer consulting arm and Putnam Investments asset management unit.
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Ex-Petercam exec starts asset mgmt consultancy
NETHERLANDS - Former Petercam Netherlands managing director Edwin Klaver says he has started his own asset management consultancy, aimed at professional investors.
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Heitman promotes ex-ABP real estate exec Spencer
EUROPE - Otis Spencer, the former real estate executive at ABP Investments who joined US real estate firm Heitman LLC recently, has been promoted in a management shake-up.
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Suez’s Electrabel bid follows Calpers’ interest
EUROPE – Today’s €11.2bn offer for Belgium’s Electrabel from Suez SA follows a Calpers-backed request for an enquiry into the firms’ ownership.
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Row looms between German consultants, managers
GERMANY – A row is looming in Germany as investment consultants complain that asset managers are trying to break into their market – a charge that managers deny.
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COMMENT: Interesting times for multi-managers
COMMENTARY - The news that Mercer is getting an excellent response for its new multi-management offering is interesting.
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Coats Pensions chairman Dow steps down
UK – Sam Dow, chairman of board of Coats Pensions Trustee Ltd., has stepped down to be replaced by Laurie Todd of Guinness Peat Group, according to the scheme’s web site.
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State Street ‘could double Ireland workforce’
IRELAND – State Street Corp. could eventually employ up to 2,000 people in Ireland, the Boston-based bank’s chief executive Ron Logue has been quoted as saying.
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Hewitt boosted by international revenues
GLOBAL – Hewitt Associates has reported stronger profit and revenue at its consulting division in the third quarter, driven by growth outside its North American base.
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Essex scheme set to change asset allocation
UK – The more than £2bn (€2.9bn) Essex County Council Pension Fund says it is poised to change its asset allocation as soon as possible.
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Barclays Global Investors gains €47bn of assets
GLOBAL – Barclays Global Investors gained £33bn (€47bn) of net new assets in the first half of 2005, parent Barclays Plc said in its earnings statement.
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Pearson pension scheme manager retires
UK – Pam Jenkins, secretary and manager of the £1bn (€1.5bn) defined benefit group pension of publishing group Pearson, has retired.
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Schroders’ Zerner joins Lazard AM as marketer
UK - Lazard Asset Management has appointed Schroder Investment Management’s Mary Zerner as head of central marketing services.
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Britannic AM makes international hire
GLOBAL - Britannic Asset Management has appointed Michael Borkan, senior vice-president at Sinopia Asset Management, to develop its institutional and retail distribution outside the UK.
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Shake-up at Nestlé’s Irish fund arm Robusta
IRELAND – Three pension executives of Swiss food group Nestlé have joined the board at Irish Stock Exchange-listed Robusta Asset Management Ltd.
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SNS Asset Management rejigs sustainable approach
NETHERLANDS – SNS Asset Management, the institutional arm of the SNS Reaal Group, says it plans to change the way it researches sustainable investing.
