Asset Managers – Page 285
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Deutsche hires UBS exec for hedge fund marketing
EUROPE – Deutsche Bank says it has hired a marketing executive from UBS as head of European distribution for its Deutsche Asset Management arm’s absolute return strategies unit.
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Watson Wyatt European chiefs earn more than CEO
EUROPE – Senior figures at Watson Wyatt in Europe such as Roger Urwin and Paul Thornton earn more in combined salary and bonus than the firm’s chief executive John Haley, it has emerged.
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HVB-Unicredit to centralise asset management
EUROPE – The asset management activities of the merged UniCredit and HVB are set to be centralised in Milan under Dario Frigerio (deletes reference to Matteo Perruccio).
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Henderson loses out in North Yorkshire revamp
UK – The £880m (€1.31bn) North Yorkshire Pension Fund has dismissed Henderson Global Investors from a balanced mandate worth 22% of the fund.
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Ex-Robeco investment chief van Duijn retires
NETHERLANDS – Jaap van Duijn, the former chief investment officer at Robeco, the asset management arm of Dutch bank Rabobank, is to retire on October 1 aged 61.
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South Yorkshire scheme loses team member
UK – The South Yorkshire Pensions Authority, which manages £2.7bn (€4bn) of assets, is looking for an investment manager following the departure of one of its six-strong investment team.
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Société Générale UK asset chief Percy steps down
UK - Keith Percy, chairman and chief executive of Société Générale's UK asset management arm, is standing down as CEO.
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Italian lawyers’ scheme backs green initiative
ITALY – The Italian legal pension scheme, Cassa Nazionale di Previdenza Forense, is among institutional backers of new €10m environmental initiative.
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Mercer sees no chance for pan-European DB
EUROPE - Defined benefit pension schemes may never be achieved at a pan-European level, according to consulting firm Mercer (corrects spelling of Stainier).
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JP Morgan’s Reichl joins Bayern-Invest
GERMANY - German institutional fund manager Bayern-Invest has recruited a senior executive from the German arm of JP Morgan for a new seat on its management board.
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Governance group GES sets up engagement forum
EUROPE – Corporate governance consulting firm GES Investment Services has set up an ‘engagement forum’ for pension funds.
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Dutch pension governance group gets new head
NETHERLANDS – A Dutch treasury official is to take over from former Unilever pension executive Jos van Niekerk as director of the Dutch Foundation for Corporate Governance Research for Pension Funds, or SCGOP.
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Cominvest names new institutional chief
GERMANY - Fund manager Cominvest has appointed Volker Kurr as its new head of institutional business, effective immediately.
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Allianz sets up pension advisory, sales firm
GERMANY - Insurance giant Allianz has created a pension sales and advisory firm in a bid to capitalise on an expected boom in German occupational pensions over the next decade.
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Deutsche revamps Swiss asset management
SWITZERLAND - Deutsche Bank has revamped the executive team at its Swiss asset management divisions DWS and Deutsche Asset Management.
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ABP-backed fund buys into Dutch utility
NETHERLANDS – Macquarie Bank’s European infrastructure fund, which is backed by institutional investors such as Dutch pension fund ABP, has agreed to buy a 49% stake in utilities group NRE Holding for around €80m.
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Dutch building fund changes name, seeks clients
NETHERLANDS - The Dutch social fund for the building industry, or SFB, has changed its name and says it will intensify its efforts in finding new clients.
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Germany’s DekaBank in pensions consulting tie
GERMANY – Fund manager DekaBank has formed a joint venture with Neuburger & Partner, a Munich-based actuarial and pensions consultancy, to provide pensions consulting to German institutional clients.
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Pension funds pull €1.6bn from Liontrust
UK – Pension funds pulled £1.1bn (€1.6bn) from equity specialist Liontrust Asset Management in the year to the end of March – hit by a move towards hedge funds.
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European personal pension account proposed
EUROPE – Investment fund association EFAMA has proposed a European personal pensions account to ease cross-border portability of pension rights.
