Asset Managers – Page 286
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EU says fund proposals to aid pension crisis
EUROPE – The European Commission says new investment fund proposals released today will help tackle the continent’s pensions crisis.
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Irish reserve fund commits €3bn to private equity
IRELAND – The €13.5bn Irish National Pensions Reserve Fund says it plans to commit around €3bn to private equity in the next five years or so.
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JP Morgan unveils performance measurement system
GLOBAL – JP Morgan has launched a new performance measurement system for clients such as pension funds, asset managers and insurers.
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Achmea under scrutiny at Dutch metals fund PME
NETHERLANDS – Common pension management firm PVF Achmea is under scrutiny at €16bn Dutch metals industry pension scheme PME, Bedrijfstakpensioenfonds Metalektro, which is looking at costs and service standards.
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Germany implements pension fund directive
GERMANY - Germany has implemented the EU directive on occupational pension funds more than two months before the September 23 deadline following a parliamentary vote on Friday.
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Dutch rail scheme joins broker research group
NETHERLANDS – SPF Beheer, which manages €10bn for the Dutch railways pension fund, has joined the Enhanced Analytics Initiative – which seeks to improve brokerage research.
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Lehman names European asset management head
EUROPE – Investment banking group Lehman Brothers has hired former Credit Agricole executive Thierry Sciard as head of investment management for Europe, a new role.
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Dutch textiles and clothing schemes to merge
NETHERLANDS - The industry-wide pension funds for the textile and ready-made clothing sectors plan to merger, the schemes said in a statement.
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Analysts welcome Deutsche Asset Management exit
UK - Deutsche Bank watchers have welcomed this morning’s announcement that virtually all of Deutsche Asset Management in the UK will be sold to rival Aberdeen, noting that the move gives Deutsche an elegant exit from the business.
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Bank of NY and BHF in German custody venture
GERMANY – The Bank of New York and German private bank BHF-Bank have established a joint venture in Germany to provide securities custody and settlement services for asset managers and institutional investors.
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Fidelity names Benelux institutional head
BENELUX – Fidelity has appointed Vanguard’s Theo van der Meer as head of institutional business in Benelux.
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FUND FORUM: Germany piles into derivatives
MONACO - German investors have moved huge volumes of assets into the derivatives and certificates area, says Martin Theisinger, managing director for Germany and Austria at Schroders Investment Management.
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FUND FORUM: Horlick on Deutsche Asset Management
MONACO – Nicola Horlick, the high profile former Deutsche Asset Management UK fund manager, has spoken about her recent reported attempted to buy the firm.
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Capacity an issue for ‘unconstrained’ mandates
EUROPE – Hewitt Associates, an advocate of so-called ‘unconstrained’ mandates, has acknowledged difficulties n finding managers to run assets that are not benchmarked to an index.
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Petercam enters Dutch institutional market
NETHERLANDS – Belgium’s Petercam Bank has hired two staff from the Ahold pension scheme to help it enter the Dutch institutional asset management market.
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WestAM names Westen as asset allocation chief
GERMANY - Institutional fund provider WestAM KAG has hired Gunther Westen from HSBC Trinkhaus Capital Management for the new role of director of asset allocation and fund management.
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Schroders pulls JP Morgan outsourcing deal
UK – Schroders is to receive £20m (€29.5m) from JP Morgan following the failure of its five-year UK custody and fund accounting outsourcing project with the US bank.
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SWIP reviewing State Street outsourcing deal
UK – Scottish Widows Investment Partnership says it is reviewing its five-year outsourcing contract with State Street.
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Dutch schemes in $175m US real estate deal
NETHERLANDS – Pensions management company MN Services says it has entered into a real estate joint venture with US company Fairfield Residential on behalf of two Dutch pension funds.
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DeAM Germany chief Behrens quits to join Deka
GERMANY – Oliver Behrens, head of Deutsche Asset Management in Germany, is to join the management board of fund provider DekaBank.
