Asset Managers – Page 288
-
News
MLIM taps Gartmore’s Price as CIO EMEA Pacific
UK – Merrill Lynch Investment Managers (MLIM) has hired Gartmore’s Quintin Price as chief investment officer (CIO) for the Europe, Middle East, Africa and Pacific region (EMEA Pacific).
-
News
Luxembourg to relax substance requirement
LUXEMBOURG - The financial regulator Commission de Surveillance du Secteur Financier (CSSF) is rethinking its rules on substance for funds firms wishing to operate in the duchy and is set to relax its rules.
-
News
Cerberus in ‘take-over talks’ with NIBCapital
NETHERLANDS -The Dutch private merchant bank NIBCapital is reportedly in discussions regarding a take-over from US investment company Cerberus Capital Management.
-
News
West Sussex CC makes State Street sole custodian
UK - The 740 million pounds (Euro 1.08 billion) West Sussex County Council Pension Fund has consolidated custody of its assets under State Street Corporation, one of its existing custodians.
-
News
Three Danish schemes plan €5bn merger
DENMARK – The defined contribution pension schemes B&A Pension, HTS Pension and PKS - which cover nearly half a million workers - are to merge in a single entity worth DKK42bn (€5.7bn).
-
News
Deutsche in €24bn European institutional inflow
EUROPE – Deutsche Bank says its asset management arm had €24bn of net institutional inflows in the first quarter of 2005.
-
News
SSGA names Duncombe as UK managing director
UK – State Street Global Advisors has named foreign exchange head Paul Duncombe as managing director of its UK business, taking the role vacated by Nigel Wightman in March.
-
News
AXA names hedge head
GLOBAL - AXA Investment Managers has Olympia Capital Management's Véronique Courlier as global head of hedge fund activities.
-
News
ABN Amro AM reviewing mandates as profit falls
EUROPE – ABN Amro says it is reviewing the profitability of individual mandates at its asset management business amid a 10% decline in net profit at the division.
-
News
Netherlands: Interpolis to merge with Achmea
NETHERLANDS – Rabobank’s insurance subsidiary Interpolis is to merge with Eureko’s insurance group Achmea in a deal that builds on an existing agreement between the two firms.
-
News
Hedge funds ‘should be part of core portfolio’
SWITZERLAND - Hedge fund investments should be part of the core as well as satellite portfolio – according to a professor at the Edhec French business school.
-
News
SSGA names European consultant liaison director
EUROPE - State Street Global Advisors has named F&C's Valerie Nicholson as director of marketing and consultant liaison, with a Europe-wide brief.
-
News
BGI says it has two-thirds of bond ETF market
GLOBAL – Barclays Global Investors says its exchange traded funds, iShares, have around two thirds of the $9bn (€6.9bn) fixed income ETF market.
-
News
Sainsbury’s scheme doubles hedge fund allocation
UK - The £3bn (€4.4bn) pension fund of retailer J Sainsbury has doubled its exposure to funds of hedge funds - investing new money and resources diverted from passively managed UK equities.
-
News
Norway’s KLP rejects conversion to public status
NORWAY – Members of the NOK140bn (€17bn) mutually owned Norwegian life insurance and asset management firm KLP has rejected its board’s plan to convert into a public limited company.
-
News
Germany’s EnBW to cut managers in €3.8bn revamp
GERMANY - Energie Baden-Württemberg (EnBW), Germany’s third largest energy firm, is planning a sweeping revamp to its €3.8bn in corporate pension assets.
-
News
Dutch consultant Strategeon hires ex-ING exec
NETHERLANDS – Strategeon, the consulting firm run by former Watson Wyatt Dutch investment head Paul van Aalst, has hired a former ING Investment Management marketing executive.
-
News
DeAM declines comment on latest reports
GERMANY - Deutsche Asset Management in the UK has declined comment on a report that the asset management arms of Lloyds TSB, BNP Paribas and Old Mutual have expressed an interest in buying it.
-
News
Corporate governance manual launched
EUROPE – The CFA Institute has launched a 55-page manual on corporate governance for investors.
-
News
Bank of Ireland Asset Management names UK head
UK - Bank of Ireland Asset Management has named Olivier Santamaria as managing director of Bank of Ireland Asset Management (UK) Ltd.
