Asset Managers – Page 291
-
News
Commerzbank integrates fund sales and production
GERMANY – Commerzbank says it will integrate investment fund sales and production in a bid to boost return on equity.
-
News
SSGA's UK MD Wightman resigns (Update)
UK – State Street Global Advisors has lost its second senior executive in less than a week, with the resignation of UK managing director Nigel Wightman (updates with more information).
-
News
New NAPF chairman wants Myners rethink
UK – The incoming chairman of the National Association of Pension Funds has called for a rethink of the Myners Principles of institutional investment, saying it was a mis-step.
-
News
Fidelity creates separate US institutional arm
Fidelity Investments is creating a separate institutional arm separate from its retail mutual funds in the US.
-
News
ING Secuties Services’ Cremer leaves
THE NETHERLANDS – Ingrid Cremer, marketing and communication manager for ING Securities Services in The Netherlands, has left the firm.
-
News
UK Treasury to introduce REITs next year
The UK Treasury has committed itself to introducing legislation for a tax-exempt Real Estate Investment Trust (REIT) in 2006.
-
News
UBS asset management arm nearly doubles institutional fund inflows
SWITZERLAND – UBS Global Asset Management said inflows to its institutional business nearly doubled to CHF 23.7bn (€15.3bn) in 2004.
-
News
Riester products 'to make comeback'
GERMANY – The government-subsidised Riester pension products, which were launched in 2001 to encourage pension savings but that have sold poorly, could be “on the brink of a comeback,” according to Allianz Group chairman Michael Diekmann, who declared, for the first time, that his annual pay increased by 3% last ...
-
News
DeAM unveils ambitious multi-manager plans
GERMANY - In a much anticipated move Deutsche Asset Management (DeAM) has unveiled its plans to launch multi-manager funds for the German-speaking institutional market and has ambitious growth targets despite slow sales at rivals.
-
News
Port of London fund to tender DeAM-run brief
UK- Deutsche Asset Management (DeAM), which lost €13bn of institutional assets in the third quarter alone, could lose a further £39m(€56m) equity brief as the Port of London Authority Pension Fund is poised to start a portfolio review in the next 12 months.
-
News
AP7 names central bank’s Ragnartz chief analyst
SWEDEN – The SEK5bn (€550m) seventh Swedish national pension fund, AP7, has appointed fund manager Christian Ragnartz of the Central Bank, Sveriges Riksbank, as chief analyst.
-
News
MLIM appoints Anne Swift and warns on equity overconfidence
Merrill Lynch Investment Managers has appointed Anne Swift as its relationship manager and investment officer in the defined contribution pension team but has also warned that institutional fund managers were more overweight in equities than at any time since 1999.
-
News
SSGA's Brown assigned 200% bonus pot
GLOBAL – Alan Brown, the chief investment officer of State Street Global Advisors, has been assigned a bonus pot worth 200% of his base salary.
-
News
Investors in hedge fund blow-up join forces
GERMANY – Investors in the Phoenix Kapitaldienst GmbH, the funds of hedge funds firm under investigation for accounting irregularities, have pulled together to protect their interests.
-
News
Row erupts over new asset management forum
EUROPE – The European Fund and Asset Management Association says the launch of the rival Forum of European Asset Managers makes “no sense” because it means the industry will have two voices.
-
News
Jobs threat as RWE outsources (Update)
UK – In-house pensions administration staff at a UK arm of German utility RWE have been offered voluntary redundancy amid an outsourcing deal with Capita Hartshead (updates with number of staff).
-
News
Aon expands in Swedish pension market
SWEDEN – Aon Consulting says its entry into the Swedish pension consulting market last year has prompted a lot of interest from customers and potential employees.
-
News
Vernooy to retire from Unilever scheme
NETHERLANDS - Alco Vernooy is to retire as managing director at the €3bn Progress pension fund at Unilever and be replaced by Loek Sibbing from Volker Wessels.
-
News
FRR seeks SRI, private equity consultants
FRANCE – The French reserve fund, the Fonds de Reserve pour les Retraites, is looking to select consultants to help it select asset managers for socially responsible investment and private equity mandates.
-
News
DeAM's Benkner takes charge of fund business
GERMANY - Axel Benkner, chief executive of Deutsche Asset Management in continental Europe, has taken over the additional responsibility as head of DeAM’s global investment fund business.
