Asset Managers – Page 299
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WestAM names new CEO amid institutional push
GERMANY - German institutional fund provider WestAM KAG has appointed a new chief executive and expanded its management board in a bid to invigorate its institutional business in Germany.
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PGGM names Bos as Munsters’ successor
NETHERLANDS – PGGM, Hollland’s second-largest pension fund, has appointed Else Bos as chief investment officer and executive director – taking over from Roderick Munsters, who is joining ABP.
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France’s €5bn Cancava in scheme revamp
FRANCE – The €5bn pension fund Caisse Nationale d’Assurances Vieillesse des Artisans, Cancava, has appointed 10 equity managers amid a revamp which saw eight of its former managers dismissed over poor performance.
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Shift to specialists slows down – Russell/Mellon
UK – The shift from balanced to specialist investment management, which has taken place among pension funds in the last 10 years, is slowing down Russell/Mellon says.
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Asset managers call for pension tax consistency
EUROPE – There has been a new call for consistency in European pension taxation, this time in a report prepared by asset management industry figures.
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Canadian scheme backs Luxembourg’s Honsel
LUXEMBOURG – Ontario-based public pension scheme OMERS has made a US$40.6m (E35m) investment in Luxembourg-based car industry supplier Honsel International Technologies.
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Lothian scheme reappoints Hymans Robertson
UK – The £2bn (€2.85bn) Lothian Pension Scheme has reappointed Hymans Robertson to provide actuarial and investment consulting services.
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Baillie Gifford gets Welsh £340m equity mandate
UK -- The £1bn (€1.44bn) Rhondda Cynon Taf Pension Fund has awarded a £340m UK and global equity mandate to Baillie Gifford & Co. The mandate was formerly managed by Deutsche Asset Management (DeAM).
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ING IM taps Bank of NY for middle office
NETHERLANDS - ING Investment Management has signed a letter of intent for the Bank of New York covering to provide middle office trade and processing outsourcing.
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Further Fidelity move in Germany
GERMANY -- The German arm of Fidelity Investments has further beefed up its new institutional fund business by poaching of a specialist for investment consultants from Deutsche Asset Management (DeAM).
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UK Social Investment Forum seeks chief
UK- The UK Social Investment Forum, a network promoting the development of socially responsible investments among UK investors, is looking for a new executive director.
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AXA IM names Griffiths as UK CEO
UK – AXA Investment Managers has named investment chief Paul Griffiths as chief executive of its UK operations.
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Metallrente posts 48% rise in sales
GERMANY - Metallrente, the pension fund for employees in Germany’s metalworking and engineering industries, has posted a 48% rise in sales of its corporate pension in 2004 despite difficult market conditions.
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New shareholders at MetallRente - report
GERMANY - Metallrente, the pension fund for employees in Germany’s metalworking and engineering industries, looks set to get new shareholders as part of a shake-up aimed at boosting sales.
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Dutch building scheme backs Aareal fund
NETHERLANDS - The Dutch building workers pension scheme has committed equity on behalf of two pension fund clients to a real estate fund run by Aareal.
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Bank of Ireland under scrutiny at Lothian scheme
UK – The £2bn (€2.85bn) Lothian Pension Scheme says it is set to tender for global and Europe (ex-UK) equities, briefs held by troubled Bank of Ireland Asset Management.
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JP Morgan eyes profitable German mandates
GERMANY – The head of JP Morgan Fleming in Germany says that winning profitable mandates is the firm’s top priority.
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Trichet flags up pensions at ECB rate meeting
EUROPE - Jean-Claude Trichet, the president of the European Central Bank, flagged up the challenge of population ageing and pension systems in the bank’s monthly press conference on monetary policy.
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MN Services names Dutch real estate chief
NETHERLANDS – E24bn investment management company MN Services has named George van Hooydonk as head of its Real Estate Netherlands unit.
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Two Dutch schemes back real estate fund Altera
NETHERLANDS – Physiotherapists’ fund SPF and the pension fund of Cindu International in the Netherlands have invested E22m in Altera Vastgoed, the E1bn private real estate fund has said.
