Asset Managers – Page 300
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News
Three top executives leave Dutch doctors scheme
NETHERLANDS – The 10.5 billion-euro SBA Artsenpensioenfonds (Pension Fund for General Practitioners and Medical Specialists) in the Netherlands has lost three senior executives over the course of three months, it has emerged.
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RCP unveils German online asset manager tool
GERMANY - Rating agency RCP & Partners has launched a new online tool enabling retail and institutional investors to obtain detailed information about asset managers and their products in either English or German.
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Nomura ousts Schroders at London transport fund
UK – Schroder Investment Management has lost a 215 million-pound (307.2 million-euro) mandate to Nomura Asset Management as the London Regional Transport Pension Fund (LRTPF) changes management for its active Far Eastern Equity portfolio
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BNP Paribas boosts fund of hedge funds business
EUROPE – BNP Paribas Asset Management has boosted its fund of hedge fund business with an agreement to buy a stake in partner firm Fauchier Partners.
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ING sells Baring AM to MassMutual, Northern Trust
GLOBAL – ING Group is to sell Baring Asset Management’s investment management activities to MassMutual, while Northern Trust will buy the unit’s fund administration arm.
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Schroders names Fidelity’s Goossens as Benelux head
BENELUX – Schroders has named Hans Goossens as country head for Benelux, taking a role vacated by Pieter van Daalen in the summer.
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Hazell Carr’s Donaldson joins Higham Group
UK – Pensions outsourcing firm Higham Group has hired Kenneth Donaldson from Hazell Carr Pensions Consulting to be director of business development, pensions.
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UBS portfolio manager to join Kempen
NETHERLANDS – UBS’s Daniel van Akkeren is to join Kempen Capital Management in the Netherlands as a senior portfolio manager of European real estate securities.
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IXIS, Dexia top E5bn French SRI market - report
FRANCE - Caisse d'Epargne’s IXIS Asset Management and Dexia Asset Management top the list of best-known players in the five billion-euro French Socially Responsible Investments market, a survey reveals.
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Capital Group “world’s finest” – Greenwich (correct)
(Corrects name) GLOBAL – Reclusive asset management firm Capital Group is the best professional services firm in the world, according to the founder of consulting firm Greenwich Associates.
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Vanguard hires ABN Amro’s Nagel
NETHERLANDS – Ronald Nagel, former head of institutional sales at ABN Amro Asset Management, has joined Vanguard Investments.
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Italian railway scheme selects first managers
ITALY - Eurofer, the 104 million-euro pension fund for railway workers, has selected its first asset managers.
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Dutch schemes ‘opting for top asset managers’
NETHERLANDS – Dutch pension schemes are increasingly concentrating their assets with the leading asset managers in their field, a new report claims.
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Schroders loses further E3.8bn institutional assets
UK – Schroders says it lost 2.7 billion pounds (3.8 billion euros) in institutional assets in the third quarter, including 1.6 billion pounds in fixed income assets managed for a single client.
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J P Morgan disappointed as F&C opts for Mellon
EUROPE – The merged F&C Asset Management has opted to continue its outsourcing relationship with Mellon Financial Corp., resulting in a loss for a “disappointed” J P Morgan Investor Services.
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Cominvest to outsource management of three funds
GERMANY – Cominvest, Commerzbank's Germany-based asset management arm, says it wants to outsource the portfolio management of three of its ADIG retail mutual funds.
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DeAM set for sweeping revamp - report
GERMANY - Kevin Parker, the new head of Deutsche Bank’s asset management activities, is to unveil a sweeping restructuring, placing a particular emphasis on embattled Deutsche Asset Management in the UK, a German newspaper has reported.
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Assets surge at Dutch schemes’ hedge fund unit
SWITZERLAND – Assets under management at Harcourt Investment Consulting, the Swiss fund of hedge funds business that is ultimately majority owned by ABP and PGGM, have risen by 65% in the first nine months.
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Bank of Ireland AM gets new CEO amid outflows
EUROPE – Bank of Ireland Asset Management has named a new chief executive – Rothschild’s Kevin Dolan - amid a loss of 7.7 billion euros in assets under management.
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Allianz sees “noticeable” 2005 asset mgmt profit
GERMANY – Allianz says it expects cost reductions at its asset management arm to lead to “a noticeable” profit contribution next year – despite a loss at the arm due to acquisition-related expenses in the third quarter.
