Asset Managers – Page 304
-
News
RCP sees E47bn demand for German hedge funds
GERMANY - Investor demand for German-domiciled hedge funds, which made their debut at the start of 2004, should grow to an average of 47 billion euros four years from now, according to a study by RCP & Partners.
-
News
AXA IM transfers 217 staff to State Street
EUROPE – AXA Investment Managers says it has completed the previously announced 300 billion-euro outsourcing of its investment operations, with an initial 217 staff transferring to State Street.
-
News
CS sees heavy demand for Swiss real estate fund
SWITZERLAND – Credit Suisse says institutional investors and banks have shown great interest in a new Swiss real estate fund.
-
News
AP3 names hedge fund exec as equities head
SWEDEN - The 152 billion-crown (17 billion-euro) Third Swedish National Pension Fund, Tredje AP-fonden or AP3, has appointed a hedge fund manager from Nordea as its new head of equities.
-
News
State Street’s Princeton arm opens Amsterdam office
NETHERLANDS - Princeton Financial Systems, a wholly owned subsidiary of financial services giant State Street, has opened an office in Amsterdam.
-
News
EU to review fund industry amid pension timebomb
EUROPE – Calling the current framework for investment funds “an old banger”, Europe’s new internal market commissioner Charlie McCreevy says he will review the asset management industry in a bid to help defuse the pensions timebomb.
-
News
Benkner named head of DeAM in Europe
EUROPE - Deutsche Bank is to relocate Deutsche Asset Management’s headquarters to Frankfurt from London amid a revamp that has seen Paul Manduca replaced by Axel Benkner as DeAM’s European chief executive.
-
News
Skandia’s Nammack sets up own firm
SWEDEN - Kristian Nammack, the head of external asset management at Stockholm-based Skandia Liv Kapitalförvaltning, has left the group to set up his own company.
-
News
Pension funds to save “millions” in ITG-EXN deal
EUROPE – Pension funds could be set to save millions of pounds as a result of Posit operator ITG Europe’s plans to buy E-Crossnet, or EXN, the equities crossing network that is owned by asset management firms.
-
News
Germany: F&C to offer SRI option next year
GERMANY – F&C aims to offer institutional clients a socially responsible investing option next year, according to Claus Heidrich, co-head of F&C’s German branch.
-
News
Goldbrunner to head Allianz’s AGI in Europe
EUROPE - Johann Goldbrunner, head of dbi, Allianz’s institutional fund business in Germany, will be appointed head of Europe for Allianz Global Investors (AGI), effective January 1, IPE has learned.
-
News
Harrigan voted out as CalPERS president
US – Sean Harrigan has been ousted as president of the California Public Employees’ Retirement System, or CalPERS.
-
News
Axa hires Nutbrown for new tactical asset allocation division
Axa Investment Managers has hired Kieron Nutbrown to take the new role of head of tactical asset allocation (TAA) under his old boss, Paul Griffiths.
-
News
Martin Currie sees big mandate wins but denies sale rumour
UK - Martin Currie Investment Management has won significant new mandates in its latest financial year but has denied speculation that its latest appointment signifies its planned sale.
-
News
(Correct) BA pension scheme seeks manager
(Clarifies not a mandate) UK – The British Airways Pension Investment Management Ltd is looking for a new fixed interest manager.
-
News
CalPERS president in open war
US - A public spat has broken out at CalPERS, the world’s largest pension fund, as the president, Sean Harrigan, claimed he was to be ousted by political and corporate interests.
-
News
TKP Pensioen takes over E13m Brunner Mond scheme
NETHERLANDS – TKP Investments BV, a subsidiary of the Dutch life insurer giant Aegon, is to manage the assets of the €13m Stichting Pensioenfonds Brunner Mond.
-
News
BNP Paribas outsources its fund administration and middle office
FRANCE - BNP Paribas Asset Management has become one of the first French fund managers to outsource its middle office and fund administration operations.
-
News
AP7 fires CDC Ixis for poor performance
SWEDEN – The 40 billion-crown (4.5 billion-euro) Seventh Swedish National Pension Fund, Sjunde AP-fonden, has sacked CDC Ixis Asset Management – the first time it has fired an asset manager for poor performance.
-
News
Dutch employers group warns over pre-pensions
NETHERLANDS – Plans to repair pre-pension in the Netherlands could lead to a ‘pension catastrophe’ a leading employers’ association has warned.
